Get 40% Off
💰 Buffett reveals a $6.7B stake in Chubb. Copy the full portfolio for FREE with InvestingPro’s Stock Ideas toolCopy Portfolios

Deals of the day-Mergers and acquisitions

Published 12/10/2019, 07:13 am
© Reuters.  Deals of the day-Mergers and acquisitions
EQNR
-
ATL
-
IFL
-
CG
-
6501
-
8001
-
601618
-
SRL
-
MTCH
-
B4B
-

(Adds Banque Centrale Populaire; updates Metro, Uber, IAC/InterActiveCorp)

Oct 11 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday:

** Morocco's Banque Centrale Populaire (BCP) said it had bought a 100% stake in Banque Commerciale Internationale (BCI) in the Republic of Congo from France's BPCE. German wholesaler Metro B4B.DE has agreed to sell a majority stake in its Chinese operations to local retailer Wumart, continuing a drive to simplify its business and focus on its core customers in the hospitality industry. Uber UBER.N said it would buy a majority stake in online grocery provider Cornershop as the ride-hailing giant moves to expand its fast-growing delivery service into the grocery store market. Atlantia's ATL.MI Spanish unit Abertis has agreed to pay 1.5 billion euros ($1.7 billion) for a majority stake in Mexican toll road operator Red de Carreteras de Occidente (RCO) as part of a drive to expand in high-growth potential countries. IAC/InterActiveCorp IAC.O said it intends to spin off its ownership stake in Tinder-owner Match Group Inc MTCH.O resulting in the full separation of the two companies. Thomas Cook TCG.D , the world's oldest travel firm, has received a non-binding bid for its Nordic operations, a spokesman said. Japan's Hitachi Ltd 6501.T has narrowed suitors for its $6.8 billion chemical unit to a handful of companies including Bain Capital and Carlyle Group LP CG.O , people with knowledge of the deal said. Japan's Itochu Corp 8001.T has invested nearly $100 million in Chinese electric vehicle maker Singulato Motors to lift its stake to about 7% and plans to boost the holding if the startup meets certain conditions, two people familiar with the matter said. Australia's IOOF Holdings IFL.AX said it sold its holding in domestic fund manager Perennial Value Management Ltd (PVM), aiming to focus on its core wealth management business. Australian mine developer Clean TeQ Holdings Ltd CLQ.AX said it terminated an agreement with Metallurgical Corporation of China 601618.SS to develop its Sunrise Battery Materials Complex, further delaying the project. Equinor EQNR.OL said it will invest nearly 5 billion Norwegian crowns ($549 million) to build floating turbines to supply power to several North Sea oil and gas platforms, in a move that will allow the Norwegian firm to cut carbon emissions.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

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.