Business of the Day Mergers and Acquisitions

Feb 7 (Reuters) – The following deals, mergers, acquisitions and divestitures were announced at 21:00 GMT on Monday:

**Spanish oil major Repsol SA (REP.MC) plans to sell some of its Canadian assets later this year as it seeks to reap the benefits of higher oil and gas prices, four sources said at Reuters.

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**Canadian oil and gas producer Crescent Point Energy Corp is looking to sell some of its assets in Alberta and Saskatchewan that could fetch around C$500 million ($394 million), according to an industry source and filings marketers consulted by Reuters.

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** Activist investment firm Ortelius Advisors wants to take control of the board of petrochemicals company Trecora Resources (TREC.N) and has appointed six directors, according to a letter seen by Reuters.

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**Shell (SHEL.L) and Brazilian steelmaker Gerdau SA (GGBR4.SA) said they have reached a binding agreement to form a 50-50 joint venture to develop, build and operate a new solar farm in the Brazilian state of Minas Gerais. .

**Low-cost carriers Frontier Group Holdings and Spirit Airlines Inc (SAVE.N) have unveiled plans to create America’s fifth-largest airline in a $2.9 billion combination that could tighten competition with traditional carriers.

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** Brazil’s prosecutor’s office has recommended antitrust regulator Cade block the sale of Oi SA’s mobile operations to local rivals TIM SA (TIMS3.SA), Vivo de Telefonica Brasil and Claro, a subsidiary of Mexico’s America Movil .

**Bumble Inc (BMBL.O) said it bought Frenchman Fruitz in its first acquisition, as the dating app company tries to build a foothold in Europe, where it is catching up with owner of Tinder Match Group (MTCH .O).

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**French auto parts supplier Faurecia (EPED.PA) said its new combination with Hella would allow it to reach sales of over 33 billion euros ($37.72 billion) in 2025 and a target of annual savings of 250 million euros.

**Toshiba Corp (6502.T) announced plans to split into two companies instead of three, while unveiling a sharp increase in expected shareholder returns in a bid to appease angry investors.

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** Seibu Holdings Inc (9024.T) is in final talks with Singaporean sovereign wealth fund GIC to sell some 30 properties in Japan worth around 150 billion yen ($1.30 billion), Nikkei reported on Saturday .

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Compiled by Rajarshi Roy and Mehnaz Yasmin in Bengaluru

Our standards: The Thomson Reuters Trust Principles.

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