Deals of the day-Mergers and acquisitions

Reuters · 02/05/2021 11:10
Deals of the day-Mergers and acquisitions

Updates Chevron; adds Aggreko

- The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Friday:


** Chevron Corp CVX.N said it offered to buy shares in Noble Midstream Partners LP NBLX.O that it does not already own, in a deal valuing the company at $1.13 billion, months after the U.S. oil major bought the pipeline operator's sponsor, Noble Energy. nL4N2KB34W


** Indian automaker Mahindra & Mahindra Ltd MAHM.NS expects losses from international subsidiaries to plunge by 90% with the disposal of Ssangyong Motor 003620.KS as a year-long business review nears conclusion, a company executive said. nL4N2KB2D5


** A bidding war for Signature Aviation SIGSI.L took a new twist as former Gatwick owner GIP joined forces with Blackstone and Bill Gates' investment vehicle on an offer valuing the private jet services firm at $4.73 billion. nL4N2KB2AD


** U.S. advertising platform Magnite MGNI.O has agreed to buy video advertising group SpotX from European broadcaster RTL Group RRTL.DE for $1.17 billion, it said, aiming to create a leading interactive advertising platform. nL8N2KB1MP


** Chinese logistics giant SF Holdings Co 002352.SZ is in talks to take Hong Kong-listed Kerry Logistics Networks Ltd 0636.HK private, in the sector's latest consolidation attempt, four people with knowledge of the matter told Reuters. nL1N2KB03J


** UniCredit CRDI.MI will consider Monte dei Paschi BMPS.MI among its options for growth but Italy's second-biggest bank will only pursue a takeover that is in the interest of all of its shareholders, its chairman designate was quoted as saying. nL8N2KB17K


** Struggling British fashion retailer French Connection FCCN.L is in takeover talks with two possible suitors, it said. nL8N2KB1M9


** Spain's largest power company Iberdrola IBE.MC said it agreed to buy a majority stake in a portfolio of offshore wind farm projects currently developed by Irish renewable energy company DP Energy. nL1N2KB0LB

** Allianz will acquire full ownership of its China life insurance business after agreeing to buy the 49% stake it doesn't already own in its Chinese joint venture, the German insurance giant said. nL4N2KB2SG


** A unit of top steel producer China Baowu Steel Group has reached an agreement with a partner to jointly invest in a supply chain system integrating metal recycling, examination, storage, processing and delivery, it said. nL1N2KB09T


** Japan's Nidec Corp 6594.T said it will acquire a unit of Mitsubishi Heavy Industries 7011.T that makes machine and cutting tools as it bolsters a push in motors for electric vehicles (EV). nASA01P17


** Privately-owned Appalachian gas producer Alta Resources is exploring options that include a sale of its acreage for more than $3 billion, people familiar with the matter said. nL8N2K47R6


** Italy's Atlantia ATL.MI has extended to Feb. 24 negotiations with a consortium led by state lender CDP over the sale of its motorway unit, as it strives to end a dispute triggered by the collapse of a bridge run by the division. nL8N2KB4V9


** IFM Global Infrastructure Fund, an investment fund run by Australian pension funds, requested authorisation from Spain's market regulator for its 5.06 billion euro ($6.07 billion) offer for a 22.7% stake in Naturgy NTGY.MC. nL8N2KB4CC


** Shanghai Chinafortune Co 600621.SS said its brokerage subsidiary plans to sell stakes in Morgan Stanley's MS.N Chinese securities and mutual fund ventures, potentially enabling the U.S. bank to move toward full control. nL4N2KB3AJ


** Aggreko AGGK.L said it was in talks over a possible 2.25 billion pound ($3.09 billion) buyout proposal for the British equipment rental company from a consortium of private equity groups TDR Capital LLP and I Squared Capital, sending its shares soaring 38%. nL4N2KB3Y7


(Compiled by Amruta Khandekar, Rithika Krishna in Bengaluru)

((Amruta.Khandekar@thomsonreuters.com;))