July 7, 2020 / 1:34 PM / a month ago

Deals of the day-Mergers and acquisitions

(Updates CoreLogic; Adds Newcrest Mining, Wirecard, UBI Banca, Molmed)

July 7 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday:

** Wirecard's administrator said that more than 100 investors have expressed interest in buying the collapsed German payments firm's core business and holdings.

** UBI Banca fired back at rival Intesa Sanpaolo in an escalating war of words over a takeover offer from Italy's second-largest bank, reiterating that the bid does not adequately reward its shareholders.

** Italy said it would use its right to intervene to protect strategic assets on the planned acquisition of biotechnology group Molmed by AGC, leaving the Japanese buyer to review whether to go ahead with its offer.

** Australia's Newcrest Mining Ltd has hired investment bank RBC Capital Markets to explore options for its 13.57% stake in gold and copper producer SolGold, two sources said, after it contested SolGold's latest fundraising initiative.

** Property data and analytics company CoreLogic rejected an unsolicited $7 billion takeover offer, saying it expected to earn more this year and would buy back more of its stock.

** EU antitrust regulators have extended their investigation into Fiat Chrysler and Peugeot maker PSA's proposed merger to Nov. 13, the European Commission said.

** Rosneft is set to buy a drilling business from IDS Group, a letter to IDS staff seen by Reuters showed, as the Russian oil giant continues its push into oilfield services to help reduce costs.

** Deutsche Bank said it has agreed to a strategic, multi-year partnership with Google to give the German lender access to cloud services and drive innovation in technology-based financial products for clients.

** Gulf Energy Development Pcl said it acquired a 50% stake in a German offshore wind farm for about 558 million euros ($631.10 million) in the latest overseas investment by Thailand's second-largest power producer. (Compiled by Sanjana Shivdas and Shanti S Nair in Bengaluru)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below