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Deals of the day- Mergers and acquisitions

Published 2018-02-26, 06:00 a/m
© Reuters.  Deals of the day- Mergers and acquisitions
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Feb 26 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1100 GMT on Monday:

** Geely Automobile Holdings Ltd's 0175.HK shares jumped after its chairman Li Shufu revealed he had built a $9 billion stake in Daimler AG DAIGn.DE, gaining leverage as he tries to convince the German carmaker to cooperate on technology.

Newcrest Mining Ltd NCM.AX said it had invested $250 million to buy a 27.1 percent stake in Canadian miner Lundin Gold Inc LUG.TO as the gold major ramps up its exposure to Ecuador to secure growth.

Zurich Insurance ZURN.S said it was buying QBE Insurance Group's QBE.AX Latin American business for $409 million, becoming the leading insurer in Argentina and No.3 in Ecuador.

Boeing (NYSE:BA) Co BA.N will have a 51 percent stake in a joint company currently being negotiated with Brazilian aircraft maker Embraer EMBR3.SA, O Globo newspaper reported on Sunday.

Brookfield Energia Renovável SA, a Brazil-based unit of Canada's Brookfield Asset Management BAMa.TO, abandoned a plan to make a capital injection of 1.4 billion reais in Brazil's Renova Energia SA RNEW11.SA, which would give it a controlling stake in the company.

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