MYR 0.61% 82.5¢ myer holdings limited

News: MYR Deals of the day-Mergers and acquisitions

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    (Adds Eramet, MTS, Amara Raja Energy and Mobility, Africa Oil, America Movil, Fosun International, Riot Platforms; Updates Vista Outdoor)

    June 24 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:

    		** French miner Eramet  ERMT.PA  said it had decided, along with 
    Germany's BASF  BASFn.DE , to cancel a $2.6 billion joint investment project in 
    

    a nickel-cobalt refining complex in Weda Bay, Indonesia.

    		** Russia's largest mobile operator MTS  MTSS.MM  said it plans to buy 
    back 26.3 million blocked shares from foreign shareholders for 2.5 billion 
    

    roubles ($29.44 million) as part of a tender offer.

    		** Indian battery maker Amara Raja Energy and Mobility  AMAR.NS  said it 
    signed a licensing agreement with Gotion-InoBat-Batteries (GIB), a unit of 
    

    China-based Gotion High Tech Co 002074.SZ , to produce lithium-ion batteries in India.

    		** Africa Oil  AOI.TO  said it had agreed to buy out BTG Pactual Oil & 
    Gas's 50% holding in their Prime Oil & Gas joint venture, in a deal that will 
    

    see BTG become a major shareholder in Africa Oil.

    		** Mexico's America Movil, controlled by the family of billionaire 
    Carlos Slim, acquired a dominant stake in cable and mobile phone operator 
    

    ClaroVTR, which had been shared equally with Liberty Latin America (LLA), America Movil and LLA said.

    		** Chinese conglomerate Fosun International  0656.HK  will buy the 
    remaining stake in Shanghai Henlius Biotech  2696.HK  it does not already own in 
    

    a deal that values the Hong Kong-listed drugmaker at HK$13.37 billion ($1.71 billion), the companies said.

    		** Bitcoin miner Riot Platforms  RIOT.O  said it was withdrawing its 
    offer for Bitfarms  BITF.TO  and had nominated three directors to the board of 
    

    rival crypto miner.

    		**  Vista Outdoor  VSTO.N  has agreed to sell its sporting products and 
    ammunition business to Czechoslovak Group (CSG) for about $2 billion, the 
    

    company said, after the Prague-based defense firm raised its offer for a second time.

    		** UBS  UBSG.S  is selling a partial stake in one of its securities 
    joint ventures to Beijing State-owned Asset Management (BSAM), a key step for 
    

    the Swiss bank as it consolidates operations in China after its merger with Credit Suisse.

    		** Telecom Italia (TIM) will finalise the landmark sale of its domestic 
    fixed line access network to KKR  KKR.N  on July 1, the Italian company said. 
    

    		** Italian energy group Eni  ENI.MI  expects to complete the sale of a 
    minority stake in its biofuel unit Enilive by the end of 2024, Chief Executive 
    

    Claudio Descalzi said.

    		** German chemicals firm Covestro  1COV.DE  is giving ADNOC access to 
    its books and stepping up talks based on an improved 11.7 billion euro ($12.5 
    

    billion) takeover offer, after more than a year of courtship by the Emirati energy company.

    		** Sonoco Products  SON.N  said it would buy European food cans maker 
    Eviosys from private equity group KPS Capital Partners in a $3.9 billion deal, 
    

    to expand its metal and aerosol packaging business.

    		** Africa Oil  AOI.TO  has agreed to buy out BTG Pactual Oil & Gas's 50% 
    holding in their Prime Oil & Gas joint venture in a deal that will see it take 
    

    on BTG as a major shareholder, it said.

    ** Allianz Global Investors (AGI), one of the investment arms of German insurer Allianz, has become the first foreign company to own a stake in China's pension insurance giant Guomin Pension.

    ** German property lender Aareal Bank will book a gain of around 2 billion euros ($2.14 billion) after it sells its tech unit Aareon to private equity firm TPG and investor CDPQ, it said in announcing the deal.

    ** Carlsberg CARLb.CO said that PepsiCo PEP.O has agreed to waive a clause in its bottling deal with Britvic BVIC.L , making the British firm a more attractive acquisition after a $3.9 billion bid by the Danish brewer was rejected.

    ** Australian miner Paladin Energy (PDN) said it had entered into an agreement to buy Canada's Fission Uranium Corp FCU.TO for an implied equity value of C$1.14 billion ($833.03 million).

    ** Safran SAF.PA has entered exclusive talks to buy Preligens, a specialist in artificial intelligence solutions in aerospace and defence, at an enterprise value of 220 million euros ($235.4 million), the French jet engine maker said.

    ** British e-commerce firm THG THG.L has agreed to sell its portfolio of luxury goods websites to Mike Ashley's Frasers Group FRAS.L for an undisclosed sum, it said.

    ** Australia's Premier Investments (PMV) said department store chain Myer Holdings (MYR) had offered to buy its apparel brands business in an all-scrip deal, sending its shares more than 7% higher in early trade.

    ** United Parcel Service UPS.N , the world's biggest package delivery firm, will sell its Coyote Logistics business unit to RXO RXO.N for $1.025 billion, the companies said on Sunday.

 
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