Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Deals of the day-Mergers and acquisitions

Stock Markets Jul 29, 2017 11:10
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. Deals of the day-Mergers and acquisitions

(Adds Michael Kors, Linde , and others)

July 28 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1940 GMT on Friday:

** Glencore (LON:GLEN) said on Thursday it had signed agreements to buy a 49 percent stake in coal mines in Australia's Hunter Valley for just over $1.1 billion, getting a share of assets it was expected to miss out on to China's Yancoal YAL.AX . Mobile telecoms firm Hutchison Drei Austria 0001.HK is buying landline-focused Tele2 TEL2b.ST from its Swedish owner for 95 million euros ($111 million) to create a rival to Mexican tycoon Carlos Slim's Telekom Austria TELA.VI . IAG ICAG.L Chief Executive Willie Walsh said that a reshaped alliance between Delta, Air France-KLM and Virgin was unlikely to change much in the industry, adding that it was too early to say what the impact of the arrangement would be. JX Nippon Oil and Gas Exploration Corp 5020.T said that its United Kingdom-based subsidiary has agreed to sell a stake in a North Sea oil field to Faroe Petroleum Ltd FPM.L . The China Investment Corp sovereign wealth fund is arranging a 6.8 billion euro ($7.96 billion) loan to fund its acquisition of European warehouse firm Logicor, people with direct knowledge of the matter told Thomson Reuters publication Basis Point. Abraaj Group, the Dubai-based private equity firm, is looking to invest in midsize companies in Turkey and could spend $30-$100 million on individual deals, a senior executive told Reuters. Nomura Holdings Inc 8604.T said it had sold all its shares of its stake in Jafco Co 8595.T back to the venture capital firm, as the Japanese brokerage seeks to shift capital into areas where it sees more growth. U.S. retailer Michael Kors KORS.N is betting that its acquisition of storied shoemaker Jimmy Choo will give sales a much-needed boost, but lingering problems at Kors' core bag business could delay potential benefits. The planned $74 billion merger of German industrial gases group Linde LING.DE and U.S. peer Praxair (NYSE:PX) PX.N is on course, with regulators expected to finish reviewing offer documents by mid-August, Linde said. Beijing Sanyuan Foods Co Ltd 600429.SS and Chinese conglomerate Fosun Group plan to buy French margarine maker St Hubert for 625 million euros ($733 million), the companies said. LetterOne Investment Holdings has bought a 3 percent stake in Spanish supermarket chain DIA DIDA.MC and has an option to buy a further 7 percent, the fund said, positioning it to become one of the budget grocery store's biggest shareholders. Emerson Collective, a U.S. nonprofit led by philanthropist and investor Laurene Powell Jobs, will buy a majority stake in The Atlantic, the U.S. publisher said. The Ukrainian central bank said it had refused to approve the sale of the Ukrainian subsidiaries of two Russian banks that had been put up for sale after Kiev imposed sanctions on Moscow. The shareholders of the company set up to run Brazil's Viracopos airport, ABV SA, has authorized its executive to seek to sell the concession, citing lower-than-expected passenger traffic, the company said in a statement.

Deals of the day-Mergers and acquisitions
 

Related Articles

Chinese, Hong Kong Stocks Sink on Real Estate Jitters
Chinese, Hong Kong Stocks Sink on Real Estate Jitters By Investing.com - Aug 18, 2022

By Ambar Warrick  Investing.com-- Chinese and Hong Kong stocks led losses across Asia on Thursday, pulled lower by major real estate developers after a dire profit warning from...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email