Offers of the day-Mergers and acquisitions – 06/25/2024 at 9:33 p.m.


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

(Adds UniCredit, Volotea, Exxon Mobil, Airbus, Blackstone, L’Epee 1839, Doordash)

The following deals, mergers, acquisitions and divestitures were reported at 1930 GMT Tuesday:

** The American meal delivery group Doordash

DASH.O expressed interest in buying Britain’s Deliveroo ROO.L last month, two people familiar with the matter told Reuters.

** LVMH LVMH.PA, the world’s largest luxury group, has acquired Swiss company L’Epee 1839, which specializes in clock manufacturing, strengthening its expertise in high-end watchmaking, the company said .

** Blackstone BX.N said its takeover bid for Hipgnosis Songs Fund SONG.L , proposed earlier this month, would be the last for the London-listed music rights owner.

** The Airbus AIR.PA group is ready to take over all or part of the activities of four Spirit AeroSystems factories

SPR.N in an imminent transaction that involves a split of the U.S. aerostructures maker from Boeing BA.N, industry sources said.

** U.S. energy group Exxon Mobil XOM.N said it signed a non-binding deal to supply lithium from its Arkansas project to South Korean electric vehicle battery maker SK On.

** Spain’s Volotea said it was teaming up with Abra, which owns Colombian airline Avianca and Brazil’s GOL, to take over slots that IAG

ICAG.L has agreed to divest in order to obtain approval for its merger with Air Europa.

** UniCredit CRDI.MI has submitted an offer for Luminor and is now competing with Hungary’s largest bank, OTP Bank Nyrt OTPB.BU, to acquire the Baltic bank, Bloomberg News reported, citing people with knowledge of the deal. ‘affair.

** French billionaire Bernard Arnault, Europe’s richest man and the chairman of haute couture and champagne group LVMH LVMH.PA, has bought a stake in its smaller luxury rival, Richemont CFR.S, Bloomberg reported.

**Boeing BA.N proposed to acquire Spirit AeroSystems

SPR.N in a mostly stock-financed deal that values ​​its 737 fuselage supplier at about $35 per share, Bloomberg News reported Monday, citing people familiar with the matter.

** Unipol UNPI.MI does not plan to buy shares in Monte dei Paschi (MPS), President Carlo Cimbri said in Milan, on the sidelines of an event organized by Consob, the Italian markets watchdog .

** South Africa’s Exxaro Resources EXXJ.J is weighing its options for its proposed Australian coal joint venture with Anglo American Plc AAL.L following the mining giant’s planned withdrawal from the business.

** Australia’s Macquarie Group MQG.AX said its European infrastructure fund will sell its 40% stake in Italian energy company Hydro Dolomiti Energia (HDE) to a consortium in a deal valuing HDE at around 1 billion euros ($1.07 billion).

** Brazilian auto parts producer Frasle Mobility FRAS3.SA said on Monday it had agreed to buy Mexican auto parts distributor Dacomsa from Mexico’s Grupo Kuo SAB de CV

KUOB.MX for 2.1 billion reais ($389.5 million).

**Brazilian shopping center operator Multiplan

MULT3.SA has learned that the Ontario Teachers’ Pension Plan (OTPP) intends to sell its stake in the company, the Brazilian company said in a securities filing on Monday.

**Bitcoin miner Riot Platforms RIOT.O is seeking three seats on the board of rival Bitfarms BITF.TO, a long-time acquisition target that rejected its $950 million buyout offer and adopted a poison pill to repel any hostile takeover attempts.



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