ReutersReuters

Mergers and acquisitions

The following bids, mergers, acquisitions and disposals were reported by 2045 GMT on Monday:

** In a show of confidence that strengthens the Rothschild family's grip on its Paris-listed investment bank, the financial dynasty said it plans to take Rothschild & Co (ROTH.PA) private.

** Sibanye-Stillwater (SWJ.J) is not interested in gold mergers and acquisitions, CEO Neal Froneman said, after Newmont's $16.9 billion bid for Newcrest increased the pressure on gold miners to consolidate.

** Russian President Vladimir Putin approved the sale of Mercedes-Benz's MBG local financial services division to Russian car dealer Avtodom, nudging the German automaker closer towards fully offloading its Russian assets.

** Abbvie ABBV will lift a self-imposed $2 billion limit on acquisitions and mergers placed following a $63 billion deal for Botox maker Allergan in 2020 that shot up its debt, the company's chief executive officer told the Wall Street Journal.

** Philippine conglomerate Metro Pacific Investments Corp (MPI.PS) is buying one-third of Axelum Resources Corp AAXLM for 5.32 billion pesos ($97.7 million), the coconut products manufacturer and exporter said.

** Alpha Bank ALPHA, one of Greece's four largest lenders, has agreed to sell real estate assets to Dimand S.A. and Premia Properties, the bank said.

** Commodity price and news specialist Fastmarkets has acquired Singapore-based Palm Oil Analytics, expanding its coverage of vegetable oil and biofuel markets, it said.

** Nissan 7201 and Renault RNO unveiled details of their redesigned alliance, with the Japanese car maker committing to buy a stake of up to 15% in Renault's electric vehicles unit Ampere.

** Australia's Recharge Industries was selected as the preferred bidder to buy Britishvolt, the collapsed UK startup which had struggled to fund a major electric vehicle battery factory in northern England.

** U.S.-based Newmont Corp's NEM $16.9 billion offer for Newcrest Mining Ltd (NCM.AX) would create a gold mining behemoth, but investors and analysts said the offer may be too low in the wake of a leadership change at the Australian company. [nL1N34L0H1]

** U.S. investor Sixth Street is among the firms preparing a bid for a part of the media and commercial rights to Germany's football league, the Financial Times reported, citing people familiar with the matter.

** Public Storage PSA, the largest U.S. operator of self-storage properties, on Sunday unveiled an $11 billion hostile bid for Life Storage Inc (LSI.N), ratcheting up attempts to buy its smaller rival after its earlier takeover attempts were rebuffed.

** South Korea's Dongwon Industries Co Ltd 0006040 in a regulatory filing said it is considering buying the local unit of U.S. fast-food chain McDonald's Corp MCD.

** Gina Rinehart-owned Hancock Energy said that its updated A$0.36 per share offer for Australia's Warrego Energy (WGO.AX), which valued the oil and gas explorer at A$440 million ($304 million) has received the minimum required 40% approval from Warrego shareholders.

** Australian copper and gold producer OZ Minerals (OZL.AX) said its A$9.6 billion ($6.61 billion) buyout by BHP Group BHP received approval from Brazilian competition regulator the Administrative Council for Economic Defence.

** Tenaris SA TEN said on Sunday that Benteler North America Corp has called off a previously announced agreement to sell 100% of its shares in its steel pipe business to the Luxembourg-based company.

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