EVN 1.39% $4.03 evolution mining limited

News: EVN Deals of the day-Mergers and acquisitions

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    Dec 5 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Tuesday:

    ** Spanish retailer DIA DIDA.MC has agreed to sell its perfume store chain Clarel to Colombian investment company Grupo Trinity, it said, having abandoned a sale of the business last August.

    ** SoftBank Corp 9434.T will invest roughly 473 million euros ($514 million) to take a 51% equity stake in Cubic Telecom that will give the Dublin-based connected-vehicle technology provider greater access to Asian automakers.

    ** South Korean private equity firm MBK Partners said it had launched a tender offer to acquire a minimum of a 20.35% stake in battery storage maker Hankook & Company 000240.KS .

    ** Australian gold miner Evolution Mining (EVN) has agreed to buy an 80% stake in the Northparkes copper-gold mine in New South Wales state from Chinese miner CMOC Group 603993.SS for up to $831 million, the two companies said.

    ** Rio Tinto (RIO) , the world's largest iron-ore producer, has approved $77 million for the development of the Rhodes Ridge project in Western Australia, the company said.

 
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