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Deals of the day-Mergers and acquisitions

Published 07/10/2020, 09:30 pm
Updated 08/10/2020, 07:06 am
© Reuters.

(Adds Grubhub, Chevron , Unicaja; Updates Ferrero)

Oct 7 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday:

** Just Eat Takeaway.com NV TKWY.AS , the online food-ordering company, said its shareholders approved its proposed $6.9 billion purchase of rival Grubhub GRUB.N , but rejected a pay package for the U.S company's CEO Matthew Maloney. Oil major Chevron Corp (NYSE:CVX)'s CVX.N U.S. unit and waste management firm Brightmark LLC said they have formed a joint venture to market dairy biomethane, a renewable natural gas made of methane emissions from cattle burps. Spanish lenders Unicaja UNI.MC and Liberbank LBK.MC kicked off formal merger negotiations to create Spain's fifth biggest lender, with over 100 billion euros ($117.38 billion) in total assets, after hiring advisors, Unicaja said. Nutella-maker Ferrero has agreed to buy Britain's Fox's Biscuits, looking to expand its cookie business in Europe and take advantage of increased consumption as many Britons work from home, it said. Brazilian miner Vale SA VALE3.SA said in a securities filing that its Canadian subsidiary Vale Canada Limited has completed the sale of a 20% stake in PT Vale Indonesia to PT Indonesia Asahan Aluminium. French oil group Total TOTF.PA is launching the sale of its resins business as it streamlines activities to free up cash to invest in renewable energy, people close to the matter said. Saudi Arabia's sovereign wealth fund, the Public Investment Fund, is in early discussions to buy a stake in supermarket chain Lulu Group International, two sources familiar with the matter told Reuters. Total TOTF.PA has taken a 20% equity stake in the Eolmed floating wind farm pilot project in France, which the French group said formed part of its broader plans to build up its presence in the wind power sector. The European Commission said on Tuesday it had approved Czech investment group PPF's bid to buy broadcaster Central European Media Enterprises CETV.O CETV.PR from AT&T T.N . Mercury UK Holdco, the top shareholder in Nexi NEXII.MI , said on Tuesday it was selling 13.4% of the Italian payments group, a day after Nexi announced a merger with rival SIA.

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