Deals of the day-Mergers and acquisitions

  • Reuters
  • Stock Market News
Deals of the day-Mergers and acquisitions

(Adds IG, Nuveen, Triton, Mediaset )

Jan 21 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1400 GMT on Thursday:

** Diversified miner South32 Ltd S32.AX said it was considering a possible divestment of its 50% interest in the Eagle Downs metallurgical coal project in Queensland, after deciding to put its development on hold. Brazil's Vale VALE3.SA said it is buying out minority stake partner, Japan's Mitsui & Co 8031.T , in a Mozambique coal mine and port project, ahead of selling the loss-making asset as it works to become carbon neutral by 2050. German telecoms group Deutsche Telekom DTEGn.DE and Spanish cell phone mast operator Cellnex CLNX.MC said they would combine their tower business in the Netherlands and set up a joint fund to invest in digital infrastructure. Record producer Bob Rock has sold his share of rights from a catalogue of 43 songs, including heavy metal band Metallica's self-titled album and singer Michael Bublé's "Call Me Irresponsible" to Hipgnosis Songs Fund SONG.L , the latest music insider to sell lucrative record catalogues as the explosion of online streaming attracts investors. Starboard LP is planning to take control of agricultural company Corteva Inc's CTVA.N board and replace its Chief Executive Officer Jim Collins, the Wall Street Journal reported, citing people familiar with the matter. Shares in Future Group companies jumped 5% on Thursday after Indian stock exchanges approved the group's $3.4 billion deal to sell its retail assets to Mukesh Ambani-led conglomerate Reliance Industries RELI.NS . A Malaysian e-wallet operator owned by CIMB Group CIMB.KL and China's Ant Group is in advanced talks with investors to raise at least $150 million to fund expansion plans, four sources familiar with the matter said. Britain's IG IGG.L said it plans to buy U.S. trading platform tastytrade for $1 billion, venturing into North America after a stellar year for the new breed of retail investment brokerages. Nuveen, the $1.1 trillion asset management arm of TIAA, has sold out of its holdings in the Chinese companies that will be barred to U.S. investors by recent sanctions, it said in an email to Reuters. Buyout group Triton is preparing the sale of its damage restoration services firm Polygon in a deal worth up to 1 billion euros ($1.21 billion), people close to the matter said. Italian broadcaster Mediaset MS.MI has increased its direct holding in German rival ProSiebenSat PSMGn.DE to about 12.75% while leaving its overall potential holding unchanged, a source close to the matter said

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