Deals of the day-Mergers and acquisitions

Reuters
18 Feb
Deals of the day-Mergers and acquisitions

Dec 12 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Tuesday:

** Sweden's Northvolt has agreed to sell a business that makes electric battery packs for heavy industry, one of its few profitable units, to its customer and partner Scania, the two companies said, as the battery maker's restructuring inches forward.

nS8N3M005F

** Anglo American said it will sell its nickel business to a unit of Hong Kong-listed MMG Ltd <1208.HK> for up to $500 million, as a broader restructuring aimed at refocusing its operations on copper and iron ore mining is well underway.

nL3N3P90JF

** U.S. fund KKR > has signed an agreement with Italy's Eni > to buy an additional 5% stake in Eni's biofuel business Enilive for 587.5 million euros ($614.17 million), bringing its total stake to 30%, the energy group said.

nL2N3P907X

** UK's competition regulator said it has provisionally cleared British food maker Boparan Holdings' proposed deal to buy Dutch agricultural feed company ForFarmers' FFARM.AS Burston and Radstock feed mill sites.

nL3N3P90LH

** H&E Equipment Services has accepted a roughly $5.3 billion takeover bid from Herc Rentals, rebuffing an earlier offer from equipment rental rival United Rentals URI.N, the Financial Times reported.

nL3N3P90E3

** Infrastructure investment company Infratil said it would acquire an additional 1.58% stake in CDC Data Centres from Commonwealth Superannuation Corporation $(CSC.AU)$ for about A$216 million ($137 million).

nL2N3P80NA

(Compiled by Rajarshi Roy and Abhinav Parmar in Bengaluru)

((Rajarshi.Roy@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10