Updates: Metro Pacific Investments Corp) Feb 6 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1500 GMT on Monday:
** Sibanye-Stillwater 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 local financial services division to Russian car dealer Avtodom, nudging the German automaker closer towards fully offloading its Russian assets.
** Abbvie 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 is buying one-third of Axelum Resources Corp for 5.32 billion pesos ($97.7 million), the coconut products manufacturer and exporter said.
** Alpha Bank , 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 and Renault 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.
** Top gold producer Newmont Corp said it had made a
$16.9 billion offer for Australian peer Newcrest Mining Ltd to build a global gold behemoth, although investors and
analysts said it undervalued the target amid a leadership
change.
** 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 , the largest U.S. operator of
self-storage properties, on Sunday unveiled an $11 billion
hostile bid for Life Storage Inc , ratcheting up attempts
to buy its smaller rival after its earlier takeover attempts
were rebuffed.
** South Korea's Dongwon Industries Co Ltd in a
regulatory filing said it is considering buying the local unit
of U.S. fast-food chain McDonald's Corp .
** Gina Rinehart-owned Hancock Energy said that its updated
A$0.36 per share offer for Australia's Warrego Energy ,
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 said its A$9.6 billion ($6.61 billion) buyout by BHP Group received approval from Brazilian competition regulator
the Administrative Council for Economic Defence.
** Tenaris SA 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. (Compiled by Priyamvada C and Rajarshi Roy in Bengaluru)
