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Deals of the day-Mergers and acquisitions
Jan 10, 2025 2:50 AM

Jan 10 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 1030 GMT on Friday:

** SOCAR Turkey has signed an agreement to sell its natural

gas distribution subsidiaries Bursagaz and Kayserigaz to Aksa

Dogalgaz.

** Britain's Alliance Pharma said it has agreed to

be acquired by asset management firm DBAY Advisors in an

all-cash deal valuing the healthcare group at 349.7 million

pounds ($429.6 million).

** Philippines-based Citicore Renewable Energy

said Indonesian state-owned oil firm Pertamina will buy a 20%

stake in the pure-play renewable energy company for 6.70 billion

pesos ($114.8 million).

** Advertising company Clear Channel Outdoor ( CCO ) said on

Thursday it was selling the Europe-North section of its business

to a subsidiary of Bauer Media Group for $625 million in cash as

part of its strategy to focus more on the U.S. region.

** The Norwegian government said on Thursday it has sold its

6.11% stake in Aker Solutions, a supplier of

engineering and construction services and technology for the

energy sector, for around 963 million crowns ($84.5 million).

** Gamma Intermediate completed the sale of 9.5% of

Lottomatica through an accelerated bookbuilding

process, raising some 300 million euros, the group said on

Thursday.

(Compiled by Rajarshi Roy and Prakhar Srivastava in Bengaluru)

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