August 27, 2019 / 8:17 PM / 2 months ago

Deals of the day-Mergers and acquisitions

(Adds BP, Anglo American Platinum, Updates Philip Morris)

Aug 27 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday:

** Philip Morris International Inc and Altria Group Inc are discussing an all-stock merger, potentially reuniting two of the world’s largest tobacco companies in a bid to dominate the fast-growing electronic-cigarette market.

** British oil major BP Plc agreed to sell all its Alaskan properties for $5.6 billion to privately held Hilcorp Energy Co, exiting a region where it operated for 60 years.

** Lithium miner Galaxy Resources Ltd said it bought the $28.8 million dollar debt of troubled smaller peer Alita Resources Ltd from a group of lenders led by fund manager Tribeca Investment Partners.

** French oil major Total said it had signed deals to transfer some of its assets in Kenya, Guyana and Namibia to Qatar Petroleum.

** United Arab Emirates-based utility Utico FZC said it had agreed on a restructuring deal with Singapore’s indebted water treatment firm Hyflux Ltd, giving it 88% of the company.

** Sunrise Communications remains in talks with top shareholder Freenet about the planned 6.3 billion Swiss franc ($6.46 billion) takeover of Liberty Global’s Swiss business UPC, Sunrise finance chief Andre Krause told Reuters.

** Anglo American Platinum (Amplats) said its subsidiary Rustenburg Platinum Mines (RPM) had completed the acquisition of the Kwanda North and Central Block prospecting rights for 300 million rand from Atlatsa Resources Corp . (Compiled by Vibhuti Sharma and Soundarya J 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