Get 40% Off
🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

Deals of the day-Mergers and acquisitions

Published 06/19/2020, 06:00 PM
Updated 06/20/2020, 04:10 AM
SRENH
-
DTEGn
-
ULVR
-
MAHM
-
IFN
-
VALE3
-
TMUS
-
003620
-
4502
-
9984
-
AC
-

(Adds MKB Bank, HERA and Iren)
June 19 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 2000 GMT on Friday:

** Hungary's MKB Bank BLGGM.UL said it was considering
acquiring a stake in Croatia's Slatinska Banka SNBA.ZA .
Italian utilities HERA HRA.MI , Iren IREE.MI and
Dolomiti Energia together with Alperia have submitted bids for
minority stakes in the company that will result from the planned
merger of rivals AIM Vicenza and AGSM Verona, a source close to
the matter said. South Korean sports-utility vehicle maker SsangYong Motor
003620.KS is looking for a potential buyer after India's
Mahindra and Mahindra MAHM.NS said it could give up its
majority stake in the struggling company. Deutsche Telekom DTEGn.DE will retain control of
T-Mobile TMUS.O should Japan's Softbank 9984.T liquidate its
stake, CEO Tim Hoettges said as he vowed to claim top spot in
the U.S. market. Unilever Plc ULVR.L said it is buying a chain of
laundromats in Brazil to be renamed Omo, after the world's No. 2
laundry detergent, in what the consumer goods giant said could
be a precursor to other similar deals elsewhere. Brazil iron ore miner Vale SA VALE3.SA said in a
securities filing that its Canadian subsidiary had reached an
agreement to sell a 20% stake in the nickel producer PT Vale
Indonesia to state-controlled PT Indonesia Asahan (Inalum).
Brazilian state-run oil firm Petrobras has kicked off a
sale process for its Atum, Curima, Espada and Xareu offshore
oilfields, the company said. Australia's foreign investment board will not oppose
Ayala Corp 's AC.PS takeover bid for Infigen Energy IFN.AX , a
law firm representing the Philippine firm said, days after
Spain's Iberdrola offered more for the solar and wind firm.
Blackstone, Bain Capital and Taisho Pharmaceutical are
among the final bidders for Takeda Pharmaceutical's 4502.T
consumer drug business in Japan, a deal that could be worth up
to 400 billion yen ($3.7 billion), three people familiar with
the deal said. Volvo owner Geely is set to take over an automaker
battered by a prolonged sales decline exacerbated by the impact
of the novel coronavirus, said three people with knowledge of
the matter, in an indication of how the pandemic is stoking
consolidation. ** Swiss Re SRENH.S will disband its Life Capital business
unit after wrapping up the sale of its British ReAssure business
later this year, the reinsurer said, adding the unit's head,
Thierry Leger, will become its new chief underwriting officer.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.