Offers of the day-Mergers and acquisitions – 06/14/2024 at 3:42 p.m.


((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))

(Adds: Great Eastern Holdings, Phillips 66, Central Group, Solaria, Global Yatirim Holding Updates: Vodafone Group)

The following deals, mergers, acquisitions and divestitures were reported at 1330 GMT on Friday:

** Singapore’s Great Eastern Holdings GELA.SI has asked its shareholders to accept a S$1.4 billion (1.03 billion) offer from Oversea-Chinese Banking Corp OCBC.SI to buy the remaining stake in the insurer and make it private

** U.S. refiner Phillips 66 PSX.N said it would sell its 25% stake in the Rockies Express Pipeline for about $1.28 billion, including debt, to a subsidiary of Tallgrass Energy

** Thai retailer Central Group has agreed to acquire the assets it has not yet obtained in KaDeWe Group, a leading department store chain in Germany, part of the folded real estate empire of tycoon René Benko

** Shares of Spanish company Solaria SLRS.MC jumped 10% after a Bloomberg report said the solar power developer had received unsolicited takeover offers

** Vodafone Group VOD.L seeks to sell its entire $2.3 billion stake in Indus Towers

INUS.NS through stock trading next week, two sources with direct knowledge said, as part of the British company’s efforts to pay down debt

** Global Yatirim Holding, the controlling shareholder of Global Ports Holding GPH.L, the world’s largest cruise port operator, said it would take the London-listed company private

** TotalEnergies TTEF.PA will sell its Brunei operations to independent Malaysian exploration and production company Hibiscus Petroleum HIBI.KL for $259.4 million, the two companies said

** Germany’s competition regulator has approved plans by Czech billionaire Daniel Kretinsky’s EP Corporate Group to acquire a stake in Thyssenkrupp’s steel division TKAG.DE, the agency said

** Kirin Holdings 2503.T said it is offering 220.7 billion yen ($1.4 billion) to acquire the remainder of skincare brand Fancl Corp 4921.T as the beer maker continues to move towards the health and well-being sectors

** Britain’s competition regulator has launched a formal investigation into housebuilder Barratt’s £2.52 billion ($3.21 billion) deal

BDEV.L to purchase smaller rival Redrow RDW.L to examine whether it could harm competition



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