Deals of the day-Mergers and acquisitions

Cnova NV

27/11/2023 14:36

(Adds: BT Group PLC, Barclays, GPA)
       Nov 27 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1430 GMT on Monday:

        ** British telecoms group BT  BT.L  confirmed  it will
not make an offer for musicMagpie  MMAG.L , a British online
retailer of used smartphones and electronic products.
  
         urn:newsml:reuters.com:*:nL4N3CS2HO
  
        
  
        ** Britain's Barclays  BARC.L  is in exclusive talks to
buy embattled lender Metro Bank's  MTRO.L  3 billion pound
($3.74 billion) residential mortgages portfolio, Sky News
reported. 
  
         urn:newsml:reuters.com:*:nL4N3CS2EH
  
    
        ** Brazilian retailer GPA  PCAR3.SA  has agreed to sell
its 34% stake in e-commerce firm Cnova  CNV.PA  to its French
controller Casino  CASP.PA , it said in a securities filing ,
concluding talks that had started in September.
  
         urn:newsml:reuters.com:*:nS0N3C902N
  
        
  
        ** German automotive supplier Schaeffler  SHA_p.DE 
raised its offer price for shares in Vitesco Technologies
 VTSCn.DE  as a goodwill gesture, but Vitesco management said
the new offer was "inadequate".
     urn:newsml:reuters.com:*:nL8N3CS1HT
    
    ** BNP Paribas Cardif has bought a majority stake in the
insurance arm of Italy's BCC ICCREA under an agreement that will
enable it to sell life insurance through the cooperative group's
banks for 15 years, the two companies said.  urn:newsml:reuters.com:*:nL8N3CS16E
    
    ** French water and waste management company Veolia  VIE.PA 
said it had agreed to sell its subsidiary SADE-CGTH to public
works company NGE for 260 million euros ($283.58 million).
 urn:newsml:reuters.com:*:nFWN3CQ01D
    
    ** Britain's Octopus Energy has bought a 12.5% stake in the
660 megawatt (MW) Walney Extension offshore wind farm in the
Irish Sea from a group of Danish pension funds, it said.
Financial details of the transaction were not provided.
 urn:newsml:reuters.com:*:nL8N3CS1FF

    ** Heavily indebted French supermarket group Casino
 CASP.PA  has received expressions of interest for its
hypermarket and supermarket stores, the company said, declining
to name the bidders or number of stores it intends to sell.
 urn:newsml:reuters.com:*:nL1N3CS0AL
    
    ** Brazilian energy company Eneva  ENEV3.SA  has submitted a
non-binding proposal to merge with local fuel distributor Vibra
Energia  VBBR3.SA , the company said in a securities filing on
Sunday.  urn:newsml:reuters.com:*:nL1N3CS041
    
    ** Zhaojin Mining's  1818.HK  $404.57 million bid for Tietto
Minerals  TIE.AX  vastly undervalues the West African gold
miner, according to an independent expert report.  urn:newsml:reuters.com:*:nL1N3CS02Y
    
    ** German logistics entrepreneur Klaus-Michael Kuehne is
examining a takeover of Signa Group's abandoned Elbtower
high-rise project in his hometown of Hamburg, Handelsblatt
reported.  urn:newsml:reuters.com:*:nL8N3CR0GK

 (Compiled by Rajarshi Roy and Granth Vanaik in Bengaluru)
 ((Granth.Vanaik@thomsonreuters.com))