Tuesday, January 25 2022

December 21 (Reuters) – The following deals, mergers, acquisitions and divestitures were reported at 2:40 p.m. GMT on Tuesday:

** Norwegian company Aker BP (AKRBP.OL) and Swedish company Lundin Energy (LUNE.ST) have agreed to combine their oil and gas activities, forming the second largest oil company on the Norwegian continental shelf, the two said. companies. Read more

** Canadian miner Noront Resources Ltd (NOT.V) said it had agreed to sell itself to Australian billionaire Andrew Forrest Wyloo Metals, while giving BHP Group (BHP.AX) five business days to match the offer . Read more

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** Dutch financial services company ING (INGA.AS) will exit retail banking activities in France, he said, which could affect 460 employees. Read more

** UK fund manager Schroders plc (SDR.L) said it has reached an agreement to buy 75% of revolving investor Greencoat Capital Holdings Limited with the aim of expanding its sustainable investment offering. Read more

** Drugmaker Sanofi SA (SASY.PA) will buy Amunix Pharmaceuticals Inc for an upfront payment of around $ 1 billion, marking the French drugmaker’s latest acquisition in the US biotech sphere as Sanofi aims to offset setback of the COVID-19 vaccine. Read more

** Elliott Management Corp, the hedge fund that acquired a stake in Citrix Systems Inc (CTXS.O), has partnered with Vista Equity Partners on a joint bid for the U.S. cloud computing company, people familiar with the case. Read more

** The UK antitrust watchdog has launched an in-depth investigation into the € 13 billion ($ 14.67 billion) merger of Veolia (VIE.PA) and Suez (SEVI.PA) after the groups French waste and water management companies have not offered concessions on their concerns. Read more

** The Bank of Montreal has announced that it will buy the U.S. unit of BNP Paribas (BNPP.PA), Bank of the West, for $ 16.3 billion in its largest transaction ever, allowing the Canadian lender to double its footprint in the world’s largest economy, while giving France’s largest bank dramatically increases its firepower for transactions. Read more

** Ireland has announced that it will begin a “phase-out” of its 71% stake in Allied Irish Banks (AIBG.I) over the next six months, as it reduces state ownership in its biggest banks. Read more

** French billionaire Vincent Bolloré received an offer of 5.7 billion euros ($ 6.43 billion) from Mediterranean Shipping Company (MSC) for his African logistics assets, a deal that would transform his family group in just two months before his self-proclaimed retirement. Read more

** Vietnam’s largest e-wallet company, MoMo, said it raised $ 200 million from four investors led by Mizuho Bank, raising its valuation above $ 2 billion. Read more

** Nordstrom Inc (JWN.N) is consulting with AlixPartners to review options for its low-cost Nordstrom Rack business, including a potential split into a separate company, Bloomberg News reported, citing people with knowledge of the situation. Read more

** Presidio Petroleum LLC is in advanced talks to acquire about 5,000 shale gas wells from US oil producer Exxon Mobil Corp (XOM.N), two people familiar with the matter told Reuters. Read more

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Compiled by Chavi Mehta in Bangalore

Our Standards: Thomson Reuters Trust Principles.


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