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Deals of the day-Mergers and acquisitions

Reuters SG
·1-min read

July 21 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Friday:

** Ronesans Holding Chairman Erman Ilicak said France's TotalEnergies had acquired a 50% stake in the Turkish conglomerate's renewable energy subsidiary Ronesans Enerji. The company did not provide detail on the price of the acquisition.

** French aerospace group Safran said it had made a cash offer to buy the actuation and flight control business of Collins Aerospace in a deal valuing it at $1.8 billion, to become a leader in certain critical cockpit functions.

** Australia has barred the takeover of financially stricken lithium miner Alita Resources Ltd by a China-linked company after advice from its Foreign Investment Review Board, a spokesperson for Treasurer Jim Chalmers said.

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** British asset manager Liontrust said it had made its final offer for Swiss rival GAM Holding, after a backlash from some investors against the planned takeover.

** Singapore sovereign wealth fund GIC said it was acquiring a logistics facility in Japan from real estate developer Daiwa House Industry.

** National Football League owners have unanimously approved the sale of the Washington Commanders franchise to a group led by the co-owner of the NBA's Philadelphia 76ers and the NHL's New Jersey Devils, the league said on Thursday.

** A group led by blockchain investors Matthew Roszak and Peter Vessenes are nearing a $125 million deal for cryptocurrency-focused media firm CoinDesk, the Wall Street Journal reported on Thursday, citing people familiar with the matter. (Compiled by Rajarshi Roy and Pratik Jain in Bengaluru)