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Deals of the day-Mergers and acquisitions

ReutersJan 10, 2025 10:44 AM

- The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Friday:

** SOCAR Turkey has signed an agreement to sell its natural gas distribution subsidiaries Bursagaz and Kayserigaz to Aksa Dogalgaz.

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** Britain's Alliance Pharma ALAPH.L said it has agreed to be acquired by asset management firm DBAY Advisors in an all-cash deal valuing the healthcare group at 349.7 million pounds ($429.6 million).

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** Philippines-based Citicore Renewable Energy CREC.PS said Indonesian state-owned oil firm Pertamina will buy a 20% stake in the pure-play renewable energy company for 6.70 billion pesos ($114.8 million).

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** Advertising company Clear Channel Outdoor CCO.N said on Thursday it was selling the Europe-North section of its business to a subsidiary of Bauer Media Group for $625 million in cash as part of its strategy to focus more on the U.S. region.

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** The Norwegian government said on Thursday it has sold its 6.11% stake in Aker Solutions AKSOA.OL, a supplier of engineering and construction services and technology for the energy sector, for around 963 million crowns ($84.5 million).

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** Gamma Intermediate completed the sale of 9.5% of Lottomatica LTMC.MI through an accelerated bookbuilding process, raising some 300 million euros, the group said on Thursday.

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(Compiled by Rajarshi Roy and Prakhar Srivastava in Bengaluru)

((prakhar.srivastava2@thomsonreuters.com;))

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