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Deals of the day-Mergers and acquisitions

Published 20/07/2020, 07:57 pm
© Reuters.

(Updates Chevron , Adevinta, Walmart (NYSE:WMT))

July 20 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:

** Chevron Corp (NYSE:CVX) CVX.N said it would buy oil and gas producer Noble Energy Inc NBL.O for about $5 billion in stock, the first big energy deal since the coronavirus crisis crushed global fuel demand and sent crude prices to historic lows. Petra Diamonds PDL.L has agreed to sell its Botswanan exploration assets to Botswana Diamonds BODP.L for $300,000 and a 5% royalty on future revenue, the diamond miner, which is in the process of restructuring, said. Norway's Adevinta ADEV.OL has won the auction to buy the bulk of eBay's EBAY.O classified ads unit for nearly $9 billion, with the U.S. e-commerce firm planning to keep a minority stake, two sources familiar with the matter told Reuters. Walmart WMT.N has restarted talks with potential buyers of a stake in its British supermarket arm Asda, a Walmart spokesman said. The talks had been put on hold in April so management could focus on dealing with the impact of the COVID-19 crisis. GSK GSK.L is to buy a 10% stake in German biotech company CureVac for 130 million pounds ($163.67 million), the two companies said, in a deal that bets on new technologies already being used in potential COVID-19 vaccines. Bondholders in Virgin Australia Holdings Ltd VAH.AX , in administration since April, submitted an updated proposal to take over the struggling company that rivals the approach from Bain Capital selected by administrator Deloitte. Norges Bank NOCB.UL of Norway raised its stake in BHP Plc BHPB.L to 5.01%, the company said in a filing to the Australian Securities Exchange on Monday.

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** Spanish pharmaceutical company Grifols said it agreed to buy plasma assets in North America from South Korea's Green Cross for $460 million.

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