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Deals of the day-Mergers and acquisitions

reuters ·  Nov 24, 2021 09:42

(Adds Cheniere Energy)

Nov 24 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1445 GMT on Wednesday:

** U.S. liquefied natural gas (LNG) company Cheniere Energy Inc LNG.A said its marketing arm had agreed to sell LNG to a unit of Chinese natural gas distribution company Foran Energy Group Co Ltd 002911.SZ for 20 years starting in January 2023.

** A private equity consortium has bought Crossfin for 1.5 billion rand ($94.8 million), the companies said, saying the deal would give the South African financial technology firm capital to expand.

** Thailand's telecommunications regulator said it was closely monitoring the proposed merger of Telenor ASA's TEL.OL Total Access Communication Pcl DTAC.BK and Charoen Pokphand Group's (CP Group) True Corporation Pcl TRUE.BK .

** Tesla Inc TSLA.O Chief Executive Elon Musk sold another 934,091 shares of the electric vehicle maker worth $1.05 billion after exercising options to buy 2.15 million shares, U.S. securities filings showed on Tuesday.

** Online travel agency Booking Holdings Inc BKNG.O on Tuesday said it would acquire Sweden-based Etraveli Group for about 1.63 billion euros ($1.83 billion), its second major deal this month.

** Shinsei Bank 8303.T said on Wednesday it will cancel plans to introduce a poison pill defence aimed at blocking SBI Holdings Inc's 8473.T $1.1 billion bid, paving the way for the online financial conglomerate to take effective control of the lender. nL1N2SF0HO

** Spain's BBVA BBVA.MC on Wednesday reiterated its long-term commitment towards Turkey and said lira depreciation had been taken into account while structuring its recent purchase offer for a stake in Garanti Bank. nS0N2R200C

(Compiled by Rajarshi Roy and Akash Sriram in Bengaluru)

((Akash.Sriram@thomsonreuters.com))

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