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Deals of the day-Mergers and acquisitions

Published 30/03/2021, 21:00
Updated 30/03/2021, 21:00
© Reuters.

(Adds Spotify, Access Bank , Copersucar, Bayer and CD Projekt)
March 30 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 2000 GMT on Tuesday

** German air shuttle startup Lilium said it would float on
the U.S. stock market via a reverse merger with Qell Acquisition
Corp QELL.O , a blank-cheque acquisition company, in a deal
valuing the combined business at $3.3 billion. Indosat Ooredoo ISAT.JK has agreed to sell more than
4,200 telecommunication towers worth $750 million to a local
unit of Singapore's Edge Point, according to a company
statement. ** South African budget retailer Mr Price Group MRPJ.J
said it had received all approvals to acquire retailer Power
Fashion in a deal likely to top $105 million. Qatar Petroleum (QP), the world's top liquefied natural
gas (LNG) supplier, will in 2022 take full ownership of Qatargas
1, which produces LNG and related products, it said in a
statement. Australia's top power producer and energy retailer AGL
Energy AGL.AX unveiled a plan to split into a bulk power
generator and a retail business, in a bid to revive its battered
shares and lure investors who shun coal. Unite Group UTG.L said it had sold eight properties
for 133 million pounds ($183.15 million) to Aventicum Real
Estate, as the British student housing provider turns its focus
to high- and mid-tier universities. Shares of JSW Steel Ltd JSTL.NS rose as much as 5.12%
after the steel company completed its purchase of a rival under
a bankruptcy resolution law, paving the way for it to become the
country's biggest steel producer. Talks on broadcaster RTL's RRTL.DE stake in France's
Groupe M6 MMTP.PA are making progress and there is good
interest from several interested parties, CEO Thomas Rabe told
reporters. Spotify Inc SPOT.N said it has purchased Betty Labs,
the company behind sports-focused social audio app Locker Room,
to accelerate its move into live audio. Nigeria's biggest lender, Access Bank ACCESS.LG , has
bought a controlling stake in South Africa's Grobank for around
$60 million and will shore up the bank's capital, its chief
executive said, becoming the first Nigerian lender to venture
into South Africa. Brazil's Copersucar has reached a deal to buy Cargill's
50% share in the sugar trading venture Alvean for an undisclosed
amount, the Brazilian company said. Poland's CD Projekt CDR.WA will actively look for
merger and acquisition targets in its bid to become one of the
top three video game makers in the world, it said. German chemicals group Bayer BAYGn.DE is preparing to
launch an auction for its pest control unit Bayer Environmental
Science (BES) seen worth more than 2 billion euros ($2.35
billion) in the summer, people close to the matter said.

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