Deals of the day-Mergers and acquisitions

Reuters
02 Dec 2024

Dec 2 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Monday:

** Hong Kong telecommunications company HKBN said it has received a rival non-binding indication from U.S. private equity firm I Squared Capital for a possible takeover.

** Britain's Supreme has bought out the loss-making tea brand Typhoo Tea from administration in a 10.2 million pound ($12.94 million) deal, the fast-moving consumer products seller said.

** Russian supermarket chain Lenta said it had acquired Russia's second-largest chain of pharmacy stores for an undisclosed sum, adding over 1,500 stores to Lenta's portfolio and giving the company a foothold in Russia's cosmetics market.

** Australia's No. 1 telecom firm Telstra Group said it had acquired prepaid mobile services provider and long-running network partner Boost Mobile to consolidate its operations under one offering.

** Australian gold miner Northern Star Resources said it will buy De Grey Mining in an all-share deal valuing the smaller miner at A$5 billion ($3.3 billion) as high gold prices spur consolidation in the sector.

** Swiss cement maker Holcim will exit its Nigerian business through the sale of its almost 84% stake in Lafarge Africa to China's Huaxin Cement in a $1 billion deal, it said on Sunday.

(Compiled by Rajarshi Roy and Aamir Sohail in Bengaluru)

((Aamir.sohail@thomsonreuters.com))

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