June 26 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0930 GMT on
Thursday:
** Shell has not bid for BP and is not actively
considering such a move, it said on Thursday, adding it was
bound by UK regulations which mean such a statement ban it from
making a bid for BP for the next six months.
** Brookfield Asset Management will sell its Australian
retirement home operator Aveo to The Living Company for A$3.85
billion ($2.5 billion), the Canadian company said.
** Spanish energy company Repsol said it has agreed to
sell a 24% stake in Indonesia's Corridor Block gas operation to
Jakarta-listed Medco Energi for $425 million.
** The European Union's Court of Justice on Thursday
rejected appeals brought by German municipalities challenging an
asset swap deal between RWE and E.ON.
** Russian food retailer Lenta said on Thursday
that it had acquired the Molniya chain of stores in the
Chelyabinsk region.
** Candy maker Mars' takeover of Pringles maker Kellanova ( K )
was cleared by U.S. antitrust regulators on Wednesday, but
their EU counterparts opened a full-scale investigation into the
$36 billion deal, saying it could lead to price hikes.
** British consumer goods company PZ Cussons said on
Thursday it would retain its self-tanning brand St. Tropez in
the U.S., after evaluating a number of offers and alternative
business models.
** Japan is driving Asia's M&A rebound in 2025 with a record
$232 billion worth of deals in the first half, and bankers
expect the trend to sustain fuelled by multi-billion dollar
take-private arrangements, outbound investments and private
equity activity.
(Compiled by Rajarshi Roy and Apratim Sarkar in Bengaluru)