(Adds Petrobras, Mumtalakat, Raiffeisen Bank International,...

  1. 193,698 Posts.
    lightbulb Created with Sketch. 2825

    (Adds Petrobras, Mumtalakat, Raiffeisen Bank International, Telefonica, Fortenova, Shopee, DFL, Hyundai; Updates Cevian, E.ON)

    Dec 19 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2130 GMT on Tuesday:

    ** Brazil's government believes state-run oil firm Petrobras PETR4.SA could increase its stake in petrochemical producer Braskem BRKM5.SA to facilitate an eventual sale to foreign buyers, a person familiar with the discussions said.

    ** Bahrain's sovereign wealth fund Mumtalakat is talks about a deal with minority investors of luxury automaker McLaren Group that would effectively see the fund becoming McLaren's sole owner, Sky News reported.

    ** Austria's Raiffeisen Bank International RBIV.VI , one of the banks in Europe most exposed to Russia, said that it would take a nearly 28% stake in Austrian construction group Strabag STRV.VI as both companies try to limit their ties to Russia.

    ** The Spanish government will acquire a stake of up to 10% in Telefonica TEF.MC through the state holding company SEPI in a counterbalance to the acquisition of a large stake in the telecoms giant by Saudi Arabia's STC.

    ** Shareholders of food company Fortenova on Tuesday approved the company´s sale by its Dutch parent company Fortenova Group TopCo B.V. to Dutch company Iter BidCo BV for 660 million euros ($724.42 million), Fortenova Group said in a statement.

    ** E-commerce firm Shopee bought Brazilian fintech Blu's local credit arm, according to a regulatory filing, as the Singapore-based company aims to offer credit directly to customers living in Latin America's largest economy.

    ** The German Football League (DFL) has narrowed the list of bidders seeking a stake in its soon-to-be created media rights company down to three parties, a source familiar with the matter told Reuters.

    ** South Korea's Hyundai Motor 005380.KS plans to sell its plant in Russia for a nominal 7,000 roubles ($77.67), a company official said, making it the latest global automaker to sell Russian assets since the outbreak of the war in Ukraine.

    ** Centrica's British Gas CNA.L and E.ON were given the go-ahead to continue their legal battle over Britain's financial support for Octopus Energy to acquire collapsed energy supplier Bulb.

    ** Insolvent European property company Signa is holding talks to potentially sell its stake in New York's Chrysler Building and is shedding its private jet, its administrator said, a significant development in the salvaging of founder Rene Benko's real estate empire.

    ** Blackstone Inc BX.N will sell its entire 23.59% stake valued at $833 million in India's largest real estate investment trust Embassy Office Parks EMBA.NS , four years after it was first listed, according to a term sheet seen by Reuters and a person with direct knowledge.

    ** U.S. agribusiness Archer-Daniels-Midland ADM.N said it would buy UK-based flavor and ingredient firm FDL, as the company looks to expand its nutrition business.

    ** Pepsi India bottler Varun Beverages VARB.NS said it will buy South Africa-based The Beverage Company in a deal valued at 13.2 billion rupees ($158.71 million), enabling it an entry into Africa's largest market.

    ** Abu Dhabi satellite operator Yahsat YAHSAT.AD and geographic data and analytics provider Bayanat BAYANAT.AD have agreed an all-share merger to create the region's first AI-powered space technology company, they said.

    ** Cevian Capital has taken a 1.3% stake in UBS UBSG.S , worth around 1.2 billion euros ($1.31 billion), the activist investor group said, betting on a two-fold recovery of its shares following the takeover of Credit Suisse.

    ** Investors in Australian lithium producer Allkem (AKE) voted to accept a $10.6 billion merger offer from U.S. giant Livent LTHM.N that would create one of the world's biggest lithium companies.

    ** Sony Group Corp's 6758.T Indian unit said that it has not yet agreed to prolong a merger deadline with India's Zee Entertainment Enterprises ZEE.NS , days after the latter sought an extension.

    ** Chile's SQM SQMA.SN has teamed up with Australia's richest person, Gina Rinehart, to make a sweetened A$1.7 billion ($1.14 billion) bid for Australian lithium developer Azure Minerals (AZS) , the three parties said.

    ** Mexico's Grupo Carso reached an agreement to indirectly purchase for $530 million a 50% stake in the offshore, shallow water Ichalkil and Pokoch oil fields, according to a company filing published on Monday.

    ** Nippon Steel 5401.T shares sank more than 5% early after it clinched a deal to buy U.S. Steel X.N for $14.9 billion in cash.

 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.