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Deals of the day-Mergers and acquisitions

Published 17/04/2021, 06:00 am
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KO
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NHY
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ACS
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KBC
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AGL
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ATL
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CCL
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NG
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OCDO
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CHEP
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TRMK
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CCEPC
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OVS
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MONET
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ORSTED
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NFE
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(Adds ACS, CVC Capital Partners)

April 16 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday:

** Italian clothing retailer OVS OVS.MI wants to bring big global names, such as Abercrombie & Fitch ANF.N or Levi's, into some of its stores and online shop, as part of its new strategy to move away from focusing solely on its own brands. Coca-Cola (NYSE:KO) Amatil CCL.AX said its independent shareholders voted in favour of Coca-Cola European Partners CCEPC.L , the European bottling arm of Coca-Cola KO.N , acquiring the Australian firm for A$9.93 billion ($7.68 billion). Norwegian metals maker Norsk Hydro NHY.OL said it has struck a preliminary deal with New Fortress Energy NFE.O to buy liquefied natural gas (LNG) for its Alunorte alumina refinery in Brazil, switching the energy source from fuel oil. The Czech central bank (CNB) has approved an increase of PPF Group's holding in MONETA Money Bank MONET.PR to 28.34%, PPF said, the first step in a proposed merger of its local lending business with MONETA. British online grocer Ocado OCDO.L will invest 10 million pounds ($13.8 million) in autonomous vehicle software company Oxbotica as part of a tie-up that aims to reduce the cost of last-mile delivery and other logistics, it said. Belgian financial group KBC KBC.BR could become the latest lender to leave the Irish market after it entered an agreement with Bank of Ireland BIRG.I to explore the sale of the bulk of its Irish unit's assets. Grab Holdings, Southeast Asia's ride-hailing to delivery giant, is considering a secondary listing in its home market of Singapore after completing a Nasdaq listing via a $40 billion SPAC merger, three sources familiar with the matter said. Renewable energy group Orsted ORSTED.CO has agreed to buy Brookfield Renewable's Ireland and UK onshore wind business, its first step into Europe's onshore wind market, in a deal valued at 571 million euros ($683 million). Global commodities trader Trafigura TRAFGF.UL said it would purchase Angolan state oil giant Sonangol's entire shareholding in Puma Energy for $600 million. Tilt Renewables TLT.NZ said it accepted a higher bid from a consortium that included its second-largest shareholder and AGL Energy AGL.AX , after it raised the offer for the wind farm operator, valuing it at NZ$3.07 billion ($2.20 billion). Brazilian private equity firm IG4 Capital has delivered a $916 million bid to buy into holding companies that have large stakes in Chilean lithium miner Sociedad Quimica y Minera de Chile, known as SQM, two sources with knowledge of the matter said. Russian steel pipemaker TMK TRMK.MM has offered 318.26 roubles ($4.20) per share to minority shareholders of Chelpipe CHEP.MM , it said. ACS ACS.MC intends to present a binding bid for Atlantia 's ATL.MI motorway unit within a reasonable time frame, the Spanish company wrote in its second letter to the Italian group, two sources said on Friday. Private equity firm CVC Capital Partners will delay submitting a formal proposal to buy Toshiba Corp 6502.T , following the appointment of a new chief executive officer by the Japanese industrial group, the Nikkei reported on Friday.

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