AZS azure minerals limited

News: AZS Deals of the day-Mergers and acquisitions

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    (Adds: Chevron, Norway's sovereign wealth fund, Safran Updates: Saudi Arabia, Natura & Co)

    Nov 14 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1430 GMT on Tuesday:

    		** Saudi Arabia has shown interest in acquiring 
    government stakes in Pakistan's Reko Diq gold and copper mine, a 
    

    Pakistani official said , in what would be a major deal for the crisis-ridden $350 billion South Asian economy.

    		** Chevron's  CVX.N  deal to buy Hess  HES.N  will 
    unlock $15 billion worth of tax benefits that had once been 
    

    relegated to the accounting dustbin, as the combined company takes advantage of Hess’s past losses to cut future payments, according to the company and tax experts.

    		** Norway's sovereign wealth fund  said it had agreed to 
    buy a 45% stake in two properties in Boston in a joint venture 
    

    with U.S. based real estate company BXP BXP.N .

    		** Brazilian cosmetics maker Natura & Co  NTCO3.SA  said 
     it has signed a binding agreement to sell subsidiary The Body 
    

    Shop to private investor Aurelius Group in a deal with an enterprise value of 207 million UK pounds ($254.32 million).

    		** French aerospace and defence company Safran  SAF.PA   
    said it signed a series of contracts worth more than $1.2 
    

    billion to equip Emirates' EMIRA.UL aircraft with equipment.

    ** A Glencore-led GLEN.L consortium sealed one of the mining sector's biggest deals in years, agreeing to buy Canadian miner Teck Resources' TECKb.TO steelmaking coal unit for $9 billion.

    ** Portuguese oil company Galp GALP.LS has hired investment bank BNP Paribas BNPP.PA to sell a stake of up to 49% in a portfolio of photovoltaic power plants in Spain, newspaper Expansion reported , citing unidentified market sources.

    ** Adobe's ADBE.O $20 billion bid for cloud-based designer platform Figma is set to face an EU antitrust warning in the coming days, three people familiar with the matter said, a move that would ratchet up pressure on the Photoshop maker to offer remedies.

    ** Real estate investment trust Boston Properties BXP.N agreed to sell a 45% interest in two Massachusetts-based life sciences development properties to Norges Bank Investment Management at a gross valuation of about $1.66 billion.

    ** Australia's Mineral Resources (MIN) said that it has bought additional shares in lithium miner Azure Minerals (AZS) , raising its stake to 13.56% from 12.23%.

 
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