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Deals of the day-Mergers and acquisitions

Stock Markets Feb 19, 2021 01:36
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(Adds BlackSky Holdings, Quantum-Si, Rigel)

Feb 18 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1400 GMT on Thursday:

** Eli Lilly (NYSE:LLY) LLY.N will gain exclusive worldwide license to Rigel Pharmaceuticals Inc's RIGL.O autoimmune and inflammatory diseases treatment, including its lead candidate, R552, for potentially up to $960 million, the companies said. Chip-based protein sequencing firm Quantum-Si Inc has agreed to go public through a merger with blank-check firm HighCape Capital Acquisition Corp CAPA.O in a deal that values the combined company at $1.46 billion. Satellite imagery and data firm BlackSky Holdings Inc said it has agreed to go public through a merger with blank-check firm Osprey Technology Acquisition Corp SFTW.N in a deal valuing the equity of the combined entity at $1.5 billion. Carlyle Group Inc CG.O agreed to invest $200 million in South Korea's Kakao Mobility, valuing the firm at 3.42 trillion won ($3.09 billion), Kakao Mobility said. South African precious metals miner Sibanye-Stillwater SSWJ.J plans to make one or two small to medium sized acquisitions in battery metals by the end of the year, the firm said. Italian energy group Eni ENI.MI has agreed to buy three solar power projects in Spain from renewable energy developer X–Elio as part of plans to expand its green business. The plants have a total installed capacity of 140 megawatts (MW), Eni said. German conglomerate Thyssenkrupp TKAG.DE ended talks to sell its steel division to Britain's Liberty Steel due to differences over value, the latest setback in efforts to consolidate the European sector. Piramal Group said India's central bank had approved its takeover of Dewan Housing Finance Corp, once the country's fourth largest housing finance company, before it defaulted on its debt. Lenders voted last month in favour of the group's takeover bid, worth 372.5 billion rupees ($5.1 billion). Australian lender Bank of Queensland BOQ.AX is nearing a deal to buy smaller, privately-owned peer ME Bank, local media reported, citing sources familiar with the matter. Italy's Banco BPM BAMI.MI and the biggest investor in BPER Banca EMII.MI have begun working on a potential merger of the two banks that could be launched in the second half of 2021, La Stampa daily reported, citing unnamed sources. Faurecia announced it has signed a memorandum of understanding for the sale of its acoustics and soft trim (ast) division to the Adler Pelzer Group (APG), a worldwide leader in automotive acoustic and thermal components and systems. The board of directors of Spanish energy and engineering company Acciona ANA.MC will discuss a plan to spin off its renewable unit Acciona Energia and list it on the stock market, the company said. Indonesia's Financial Services Authority (OJK) said that Sea Group's SE.N e-commerce arm Shopee had acquired local lender Bank Kesejahteraan Ekonomi (Bank BKE) IPO-KSJH.JK with the aim of transforming it into a digital bank.

Deals of the day-Mergers and acquisitions
 

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