Mergers and acquisitions
The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:
** Shell (L3H) said on Thursday it had suspended plans to sell its onshore oil assets in Nigeria, complying with a Supreme Court ruling that said it had to wait for the outcome of an appeal over a 2019 oil spill.
** Novartis (NOT) prefers a spinoff of its generic drug unit over a potential sale to private equity firms, Bloomberg News reported on Thursday, citing people familiar with the matter.
** China Yangtze Power Co Ltd (600900), the world's largest listed hydropower company by capacity, plans to buy two large hydropower stations for a total of 80.5 billion yuan ($12 billion), boosting its capacity by over a half.
** Activist investor Cevian Capital said on Thursday it had increased its stake in Ireland's CRH (CRG) to 4%, with its managing partner saying he saw pent-up demand for the company's products overcoming near-term "cyclical uncertainty".
** Saudi Arabia's Public Investment Fund is in early talks with British luxury carmaker Aston Martin (A5S0) about taking a stake in the business that could be worth 200 million pounds ($243.5 million), the Financial Times reported.
** Universal Music Group (UNVGY) announced an agreement to acquire rock guitarist and composer Frank Zappa's catalog of music, recordings and film archive for an undisclosed fee.
** Barcelona agreed to sell a 10% stake in their LaLiga TV rights for the next 25 years to U.S. private equity group Sixth Street for 207.5 million euros ($215.84 million) as they look to improve their financial situation, the club announced.
** Brazilian pulpmaker Suzano SA (SUZ) has agreed to acquire Caravelas Florestal SA for 336 million reais ($64.84 million) as part of efforts to reduce its raw materials costs, it said late on Wednesday.
** Spain's Cellnex (CLNXF) has offered Deutsche Telekom (DTE) a small minority stake in its business as part of efforts to take control of the German firm's towers unit in a deal worth about 18 billion euros ($18.8 billion), sources told Reuters.
** A fund managed by Czech investment group J&T will buy a 9.99% stake in Prague-listed lender MONETA Money Bank (MM0) from Petrus Advisers in two stages and will seek regulatory clearance for a larger holding, J&T said.
** Private equity firm L Catterton is selling its Danish fashion brand Ganni in a deal that could fetch up to $700 million, two people with knowledge of the situation told Reuters.
** Italy's ENI (ENI) is selling its 20% stake in British offshore wind farm Dogger Bank to its Norwegian green energy joint venture Vaargroenn, partner HitecVision said.
** Sibanye-Stillwater (47VS) plans to increase its shareholding in Finnish lithium firm Keliber to 50% plus one share, the South Africa-listed miner said, and is offering to buy minority shareholders out to boost its stake to over 80%.
** Canada's Brookfield Asset Management (BAM.PR.R) has bought a 2.6% stake in AGL Energy (AGLNF), becoming the no. 4 shareholder just over three months after being spurned in a A$5.4 billion ($3.7 billion) bid for Australia's beleaguered top power producer.