Deals of the day-Mergers and acquisitions

Kitco Media
By Reuters
Published:
Updated:
Reuters
(Adds Network International, Novatek, Hudbay Minerals, Abanca, Stratasys; Updates Teck Resources) April 13 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Thursday:
** Britain's digital commerce enabler Network International confirmed it had received a preliminary and conditional proposal from a consortium of CVC Capital Partners Ltd and Francisco Partners Funds.
** Russian natural gas producer Novatek has scooped a lucrative deal with its purchase of Shell's stake in the Sakhalin-2 energy project, analysts said.
** Copper miner Teck Resources said it had rejected a sweetened bid from Swiss commodities giant Glencore Plc received on April 11.
** Canadian miner Hudbay Minerals Inc said it would buy peer Copper Mountain Mining Corp in a $439 million all-share deal to boost its copper portfolio.
** Spanish bank Abanca said it had entered exclusive talks with Canadian firm Cooke Inc regarding the sale of 80% of its stake in fishing firm Nueva Pescanova.
** Stratasys Ltd rejected Nano Dimension Ltd's sweetened offer to buy the stake it does not already hold in fellow 3D-printer maker, setting the stage for a hostile takeover.
** The Reserve Bank of India (RBI) has begun evaluating at least five potential bidders interested in picking up a majority stake in state-owned IDBI Bank Ltd , three people familiar with the matter told Reuters.


** India's largest power producer NTPC is considering fresh offers for a stake in its green arm after top bidder Petronas withdrew its offer, Bloomberg News reported.


** Top global miner BHP Group has won over Oz Minerals' shareholders as expected to go ahead with a $9.6 billion ($6.4 billion) takeover of the Australian copper producer. (Compiled by Rajarshi Roy and Anne Florentyna Gnanaraja Sekar in Bengaluru)

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