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Deals of the day-Mergers and acquisitions

05/07/2021 10:31
Deals of the day-Mergers and acquisitions

Adds Neoenergia SA, Cenovus Energy; updates XP Inc

- The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday:

** Brazilian power company Neoenergia SA NEOE3.SA, controlled by Spain's Iberdrola SA IBE.MC, is considering alternatives for its natural gas thermoelectric plant thermal plant Termopernambuco, CEO Mario Ruiz-Tagle said. nS0N2LD059

** Cenovus Energy Inc CVE.TO swung to a first-quarter profit from the previous three-month period, and said it was actively looking to sell non-core assets to repay debt. nL4N2MU2U2

** Mitsui & Co 8031.T plans to accelerate its expansion into healthcare and nutrition using IHH Healthcare Bhd IHHH.KL, the Japanese trading house's CEO said, without addressing a media report that it plans to take the Malaysian health group private. nL1N2MU04Z

** Sonova SOON.S, the world's biggest hearing aid maker, said it will buy the consumer unit of German headphone and microphone maker Sennheiser for 200 million euros ($241 million) to reach younger customers through the emerging segment of in-ear wearables. nL1N2MU07X

** Activist investor Edward Bramson has sold his firm's 6% stake in Barclays BARC.L, disbanding a three-year effort to overhaul the British bank and ending a stand-off with chief executive Jes Staley. nL8N2MU1HH

** Shares in British engineering company Meggitt MGGT.L jumped 14% after the Dealreporter website said that U.S. group Woodward Inc WWD.O was looking at a potential deal. nL1N2MU0DP

** Brazilian broker XP Inc XP.O is interested in acquiring the Brazilian subsidiary of Credit Suisse Group AG CSGN.S, two sources familiar with the matter said. nL1N2MU0OX

** Italy's banking sector needs to consolidate and there will be merger and acquisition deals in the next year, the head of Italy's biggest bank Intesa Sanpaolo ISP.MI said. nL8N2MU2VO

** Private equity firm Blackstone Group BX.N has made a 1.21 billion pound ($1.68 billion) buyout proposal for St. Modwen Properties SMP.L, the companies said, sending shares in the British real estate developer soaring. nL4N2MU1QZ

** Brazilian investment firm IG4 Capital Investimentos has offered to buy a 14.8% stake in toll road company CCR SA CCRO3.SA, the company said in a securities filing. nS0N2LD051

** American International Group Inc AIG.N has decided to use an IPO to sell a 19.9% stake of its life and retirement business, chief executive officer Peter Zaffino said, dashing prospects for potential bidders that had included Athene Holding Ltd ATH.N. nL1N2MU0XK

(Compiled by Shreyasee Raj and Trisha Roy in Bengaluru)

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