Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

Deals of the day-Mergers and acquisitions

Published 2018-06-26, 07:34 a/m
© Reuters.  Deals of the day-Mergers and acquisitions

June 26 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1130 GMT on Tuesday:

** France's JCDecaux JCDX.PA struck a deal to buy Australian billboard owner APN Outdoor Group APO.AX with a sweetened A$1.12-billion ($830 million) offer, part of a rush to consolidate in a tightly controlled sector where revenues are surging.

South African investment firm Long4Life L4LJ.J has agreed to buy fashion retailer Rage for 3.9 billion rand ($287.5 million) to strengthen its lifestyle brands business.

Eutelsat Communication SA ETL.PA said it did not intend to make an offer for Inmarsat ISA.L, a day after the French satellite group said it was considering going head-to-head with in a battle for the British company.

Denmark's Orsted ORSTED.CO , the world's largest offshore wind developer, is looking to sell its Danish power distribution and residential customer businesses to focus on developing its international renewable energy operations.

A unit of iron ore miner Fortescue Metals Group FMG.AX requested to delay a bid by a Hancock Prospecting unit for Atlas Iron Ltd AGO.AX seeking further disclosures, the Australian Takeovers Panel said.

Ukraine's central bank said it was considering a second request from Belarussian state-owned lender Paritetbank to buy the Ukrainian subsidiary of Russia's Sberbank SBER.MM.

Santander SAN.MC is on a list of potential buyers of Societe Generale 's SOGN.PA Polish business Eurobank, two banking industry sources said.

Evergrande Health Industry Group Ltd 0708.HK , a subsidiary of property developer China Evergrande Group 3333.HK, said it will buy 45 percent of new-energy vehicle startup Faraday Future, as part of the group's diversification into high-tech sectors.

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.