Deals of the day Mergers and acquisitions

  • 11/19/2021
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Nov 19 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Friday: ** India"s Reliance Industries Ltd (RELI.NS) said it had decided with Saudi Aramco (2222.SE) to reevaluate the oil giant"s proposed roughly $15 billion investment in Reliance"s oil-to-chemicals (O2C) business. ** Europe"s biggest utility Enel (ENEI.MI) has emerged as a frontrunner to take control of Italian payments firm Mooney as part of a joint bidding proposal with Intesa Sanpaolo (ISP.MI), one of Mooney"s existing investors, two sources told Reuters. read more ** SMBC Aviation Capital, one of the world"s Top 5 aircraft lessors, is to buy smaller rival Goshawk, the Irish Independent newspaper and AirFinance Journal trade publication reported. read more ** Investment group EQT and the Struengmann family, who are investors in BioNTech (22UAy.DE), are considering a joint offer for Sandoz, the generics arm of Swiss drugmaker Novartis, Handelsblatt reported. read more ** Russian lender VTB (VTBR.MM) sold a 4.9% stake in food retailer Magnit (MGNT.MM) via an accelerated bookbuilding (ABB) process at 5,700 roubles ($78.28) per share, the bank said, as it fully divests its 17.28% stake in the company. read more ** Ladbrokes owner Entain (ENT.L) has made a more than $1 billion approach for Estonian gambling company Olympic Entertainment Group, Bloomberg News reported, citing people with knowledge of the matter. read more ** South Africa"s largest food producer Tiger Brands (TBSJ.J) is close to clinching a deal with a business closely aligned with its health and nutrition strategy, as the company also warned on price increases. read more ** Czech utility CEZ (CEZP.PR) has registered the acquisition of photovoltaic plant builder Belectric, a subsidiary of Germany"s RWE (RWEG.DE), the German cartel office said on its website. ** Gopher Investments, the No.2 shareholder in Playtech (PTEC.L), walked away from a potential three-way takeover battle for the British gambling software maker, saying it was committed to a separate deal to buy a portion of the business. read more ** Norway"s Telenor (TEL.OL) and Thailand"s Charoen Pokphand Group (CP Group) are exploring a merger of their telecom units in Thailand that could form a new market leader in the Southeast Asian country. read more ** Investment giant Blackstone Group Inc (BX.N) made a $6.2 billion approach for troubled Australian casino firm Crown Resorts Ltd (CWN.AX), sweetening an earlier offer as its main rival bidder is beset by regulatory problems. ** Shares in MONETA Money Bank (MONET.PR) jumped more than 6% to a record high after the Czech lender revamped financing conditions for a proposed 25.9 billion crown ($1.2 billion) acquisition of banking assets from its largest shareholder PPF. read more ** Delta Air Lines (DAL.N) is considering buying a stake in state-owned Italian carrier Italia Trasporto Aereo (ITA) to boost its presence in the European market, daily La Repubblica reported , citing government sources. read more

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