((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))
(Adds International Flavors & Fragrances, Kingspan, Savannah Energy, Moncler; updates Thyssenkrupp, Telegraph, AstraZeneca, Airbus)
The following deals, mergers, acquisitions and divestitures were reported at 1330 GMT on Tuesday:
** International Flavors & Fragrances IFF.N said it would sell its pharmaceutical solutions business to French herbal ingredients maker Roquette in a deal valued at $2.85 billion, while it seeks to focus on higher margin activities.
** Thyssenkrupp TKAG.DE plans to sell a stake in its Marine Systems unit, which builds ships and submarines, to investment firm Carlyle CG.O, the German conglomerate said.
** Britain said it would subject the United Arab Emirates’ takeover of the Telegraph to scrutiny, likely to derail the deal as a law banning foreign governments from owning newspapers is expected to come into force In the coming months.
** AstraZeneca AZN.L said it would buy Canadian drug developer Fusion Pharmaceuticals Inc
FUSN.O for $2 billion in cash as the Anglo-Swedish drugmaker bets on next-generation cancer treatments.
** EU competition regulators have accused Irish insulation maker Kingspan of providing incorrect and misleading information in its planned acquisition of Slovenian rival Trimo in 2021, putting it at risk of a heavy fine.
** Airbus AIR.PA ended negotiations to buy French firm Atos’ BDS cybersecurity unit ATOS.PA , sending the software company’s shares tumbling by more than a fifth.
** London-listed Savannah Energy has agreed to buy out its partners’ 49% stake in an oil field in southern Nigeria for a total of $61.5 million, the company said.
** Italy’s Rivetti family, former owners of the Stone Island brand, said it sold a stake in Moncler MONC.MI , sending shares of the Italian luxury group down 3.5%.
** Australia’s Boral BLD.AX has recommended investors reject its major shareholder Seven Group Holdings SVW.AX’s offer of A$1.9 billion ($1.25 billion), saying it undervalues the construction products group.
** A consortium led by Metro Pacific Tollways Corp, the Philippines’ largest toll road group, is in advanced talks to buy a minority stake in a unit of its Indonesian peer Jasa Marga JSMR.JK, in a deal that could pay off $750 million, two sources with knowledge of the matter said.
**Brazilian computer hardware manufacturer Positivo
POSI3.SA said on Monday it had completed the acquisition of IT consulting firm Algar TI Consultoria from its parent company Algar for 235 million reais ($46.7 million), according to a securities filing.
** Oilfield equipment makers Dril-Quip DRQ.N and Innovex Downhole Solutions plan to merge in an all-stock deal, the companies said in a joint statement Monday, months after Innovex filed an application for an IPO in the United States.
** Grocer Kroger KR.N said on Monday it had reached a definitive agreement to sell its specialty pharmacy business to CarelonRx, a unit of U.S. health insurer Elevance Health ELV.N .