Deals of the day-Mergers and acquisitions

  • Reuters
  • Stock Market News
Deals of the day-Mergers and acquisitions
Credit: © Reuters.

(Adds Tullow, S.F. Holding, Siemens , SNC-Lavalin Group, Natixis , GlobalWafers, Statkraft)

Feb 9 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Tuesday:

** Tullow Oil TLW.L has agreed to sell stakes in some of its non-operated offshore oilfields in Equatorial Guinea and Gabon to smaller Africa-focused rival Panoro Energy PANN.OL for up to $180 million, the companies said. Chinese logistics giant S.F. Holding Co 002352.SZ has offered to buy a 51.8% stake in Hong Kong-listed Kerry Logistics Networks Ltd 0636.HK , it said in an exchange filing. German conglomerate Siemens SIEGn.DE is preparing to put its traffic light technology and equipment unit up for sale, two people close to the matter said. SNC-Lavalin Group Inc SNC.TO said it would sell its oil and gas business to Kentech Corporate Holdings Ltd, an energy services company backed by private equity firm Blue Water Energy, and focus on its high-performing engineering services. French bank BPCE plans to buy the 29.3% stake in domestic peer Natixis CNAT.PA it does not already own, with a view to delisting the lender and restructuring some of its activities. GlobalWafers 6488.TWO said its bid for Germany's Siltronic WAFGn.DE had been successful, after it secured control over the required majority of shares with its 4.35 billion euro ($5.3 billion) offer. Norwegian utility Statkraft has agreed to buy a 51% stake in Swedish electric vehicle charging firm Bee Charging Solutions, seeking to benefit from Sweden's nascent boom in the sale of battery-powered cars. HeidelbergCement (DE: HEIG ) HEIG.D has identified five assets to sell in a review of its business and has had a good start to 2021, its chief executive told Reuters, as the world's No.2 cement maker enters the next phase of its plan to boost margins. South Africa's MTN Group MTNJ.J said it will sell its 20% shareholding in Belgacom International Carrier Services SA (BICS) to Belgian state-controlled telecoms firm Proximus PROX.BR for 1.8 billion rand ($121.41 million). Swisscom has agreed to sell its 22.4% stake in Belgacom International Carrier Services (BICS) to majority owner Proximus PROX.BR for around 110 million euros ($133 million), it said. Singapore port operator Jurong Port is set to take over the shares in a major oil storage terminal in the city state from the Lim family behind collapsed oil trader Hin Leong, three sources with knowledge of the matter told Reuters. Ray-Ban maker EssilorLuxottica ESLX.PA has offered to sell assets in three EU countries in a bid to gain EU antitrust approval for its 7.2-billion-euro ($8.7 billion) purchase of GrandVision GVNV.AS , a person familiar with the matter said. = 7.7516 Hong Kong dollars)

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