News: Deals of the day-Mergers and acquisitions

  1. 118,216 Posts.
    lightbulb Created with Sketch. 1435

    Feb 3 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Monday:

    ** Abu Dhabi Power Corporation (ADPower) plans to take control of Abu Dhabi National Energy Co (TAQA) TAQA.AD in an asset swap deal that would value it at 4.16 billion dirhams ($1.13 billion) and create a combined utility with assets worth $54.5 billion.

    ** Payments company Worldline agreed to buy French peer Ingenico INGC.PA , in a deal which the companies said would create the fourth-biggest payments company in the world and a new European champion in the sector.

    ** Australian coal miner TerraCom Ltd (TER) offered to buy the remaining shares of Universal Coal PLC (UNV) that it does not already own, in a deal that values the company at about A$175 million ($119.68 million).

    ** Philippine utility firm Manila Water Co Inc MWC.PS said it is selling a minority stake worth 10.66 billion pesos ($208.9 million) to a port magnate and dam builder.

    ** Dutch online food ordering company Takeaway.com on Friday declared its $7.8 billion takeover of British peer Just Eat unconditional, though the two companies still need a competition authority's approval before merging operations.

 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.