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Deals of the day-Mergers and acquisitions
Dec 3, 2024 2:53 AM

Dec 3 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 1030 GMT on Tuesday:

** French oil major TotalEnergies is close to

acquiring renewable developer VSB Group from private equity firm

Partners Group for about 2 billion euros ($2.10

billion), Bloomberg News reported.

** Korean Air said it would complete its

acquisition of smaller domestic rival Asiana Airlines

by Dec. 11, providing U.S. competition regulators do

not raise objections before then.

** Australian telecom major Telstra's ( TTRAF ) pension fund

arm TelstraSuper will merge with bigger peer Equip Super

creating a combined fund that would manage around A$60 billion

($38.8 billion), the funds said in a joint statement.

** General Motors ( GM ) said on Monday it will sell its

stake in its joint venture battery plant in Lansing, Michigan to

partner LG Energy Solution as the Detroit automaker

trims its electric vehicle plans.

(Compiled by Rajarshi Roy and Aamir Sohail in Bengaluru)

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