Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Deals of the day- Mergers and acquisitions

Published 2016-08-29, 04:00 p/m
Updated 2016-08-29, 04:10 p/m
© Reuters.  Deals of the day- Mergers and acquisitions

(Adds Ivanhoe Mines, SNC-Lavalin Group and Advent; updates Walgreens and Zhongwang USA))

Aug 29 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:

** Walgreens Boots Alliance Inc WBA.O said it would partner with pharmacy benefit manager Prime Therapeutics to reduce drug procurement costs. Zhongwang USA LLC, backed by Chinese aluminum magnate Liu Zhongtian, said on Monday it would buy U.S. aluminum company Aleris Corp ALSD.PK in a bet by the billionaire that the nascent U.S. automotive aluminum sector would be the industry's next big growth market. Canadian copper miner Ivanhoe Mines Ltd IVN.TO said on Monday that companies from Asia, Europe, Africa and elsewhere had expressed interest in the company and its projects in recent months. Mexico's Cemex CMXCPO.MX , one of the world's largest cement producers, said it had agreed to sell some of its U.S. assets to Grupo Cementos de Chihuahua GCC.MX , or GCC, for $306 million. Singapore's GIC is buying a 7.7 percent stake in Vietnam's biggest lender Vietcombank VCB.HM for about $400 million, two sources familiar with the matter said, in the sovereign wealth fund's first major investment in the country's banking sector. Indonesian property developer PT Lippo Karawaci Tbk LPKR.JK , the majority shareholder of PT Siloam International Hospitals Tbk SILO.JK , said private equity firm CVC Capital Partners Ltd CVC.UL will buy 15 percent of the hospital operator for 2.2 trillion rupiah ($166 million). Building supplies maker USG Corp USG.N said it would sell its distribution unit, L&W Supply Corp, to roofing supplier ABC Supply Co Inc for $670 million. Polish state-run insurer PZU PZU.WA and the PFR fund are in talks to offer a below-market 3 billion euros ($3.36 billion) to buy a 40.1 percent stake in Poland's second-largest bank Pekao SA PEO.WA from its owner, Italy's Unicredit (MI:CRDI), the Financial Times reported. Korea Electric Power Corp (KEPCO) 015760.KS signed a contract on Friday to buy a solar power plant from the U.S.-based Carlyle Group's CG.O Cogentrix Solar Holdings, KEPCO said in a statement released on Sunday. Hedge fund manager D.E. Shaw & Co LP is weighing a bid for SunEdison Inc's SUNEQ.PK controlling stake in TerraForm Power Inc TERP.O , the bankrupt U.S. renewable energy producer's most valuable asset, according to people familiar with the matter. Bankrupt U.S. teen retailer Aeropostale Inc AROPQ.PK received bids last week for its business from private equity firm Sycamore Partners, as well as liquidators, firms that wind down businesses, according to people familiar with the matter. Brazil's Samambaia investment fund bought 29 million units of local power company Energisa SA ENGI11.SA for 617 million reais ($188 million), STS GAEA Capital, a financial advisor to the fund, said in a statement on Friday. Canadian construction and engineering company SNC-Lavalin Group Inc SNC.TO said on Monday it was weighing an offer for its entire business in France, which has about 1,100 employees and manages 17 regional airports in the country. Germany's biggest lender Deutsche Bank DBKGn.DE said on Friday it would sell its Argentine subsidiary to local Banco Comafi COMAF.UL as part of its strategy plan to streamline business abroad. Innogy SE, the network and renewable unit German utility RWE RWEG.DE plans to list this autumn, said it agreed to buy Belectric Solar & Battery to bolster its position in energy storage and photovoltaics. Frank McCourt, former owner of the Los Angeles Dodgers baseball team, said on Monday he had entered exclusive negotiations to buy Olympique de Marseille and vowed to restore the club to their former glories. A consortium formed by Sempra Energy (NYSE:SRE) and Techint Group offered the best bid to Odebrecht SA ODBES.UL for acquiring its majority stake in a $5 billion natural gas pipeline project in Peru, a source with knowledge of the negotiations said Friday. Buyout firm Advent International Corp has hired Morgan Stanley (NYSE:MS) MS.N and Grupo BTG Pactual SA BBTG11.SA to advise on the sale of a controlling stake in TCP Terminal de Contêineres de Paranaguá SA, Brazil's second-busiest container port, according to two people with direct knowledge of the plans.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.