** Canadian copper miner Teck Resources' biggest
shareholder, China Investment Corp (CIC), has backed Glencore's takeover offer, which would allow investors to exit
their coal exposure for cash, Bloomberg News reported.
** HSBC's planned sale of its French retail banking
business to Cerberus-backed My Money Group may fall through due
to interest rate rises in France that have boosted the amount of
capital the buyer will need after completion, the British bank
said.
** Digital media conglomerate Starboard said it has bought
Parler for an undisclosed sum and will temporarily shut down the
social media app popular with U.S. conservatives to give itself
time to roll out a revamped version of the platform.
** Power company Iberdrola plans to sell and lease
back land on which some of its wind and solar farms are located
as it seeks to lower its borrowing costs, according to three
sources close to the deal.
** Reliance Industries Ltd's Viacom18 will
receive an investment of 43.06 billion rupees ($527.84 million)
from Bodhi Tree, about 70% less than what was planned by the
joint venture between James Murdoch and a former Star India
executive.
** British consumer lender Non-Standard Finance (NSF) said it has agreed provisional terms with its lenders to
convert 71 million pounds ($89 million) of secured debt into
equity as part of a recapitalisation that would likely wipe out
existing shareholders.
** LVMH , the world's largest luxury goods group,
has agreed to buy a majority stake in Platinum Invest Group, the
owner of French jewellery producers Orest and Abysse, with an
eye to bulking up production for its U.S. jeweller Tiffany.
Financial terms of the deal were not provided.
** CK Hutchison's senior leadership met British
government officials last month to seek political support to
merge its Three UK mobile network with Vodafone UK in a
deal set to receive intense regulatory scrutiny, three sources
said.
** Nissan is developing growth plans in areas such as
software and electric vehicles independent of Renault SA as the automakers work to finalise terms of a sharply
limited alliance, said seven people with knowledge of the
matter. (Compiled by Anne Florentyna Gnanaraja Sekar in Bengaluru)
(Adds Teck Resources, HSBC, Starboard, Iberdrola, Reliance
Industries)
April 14 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1330 GMT on Friday:
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