Business
Mergers and acquisitions
Mergers and acquisitions
About this update from Snam S.p.a.
The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Monday:** Canadian miner Alamos Gold said late Sunday that it will sell its Turkish subsidiary for $470 million to a Middle East-based mining company, ending a years-long $1 billion legal battle.** A shareholder of UAE telecoms firm du sold a 7.55% stake in the company for 3.15 billion dirhams ($858 million) through a secondary share sale, du said in a regulatory filing on Monday.** British supermarket group Sainsbury's said on Sunday it has terminated talks with Chinese e-commerce giant JD.com over selling the Argos general merchandise retailer, a day after confirming discussions were underway.** Brookfield Asset Management is in talks to buy Yes! Communities, a US landlord of manufactured homes, from Singaporean sovereign wealth fund GIC for more than $10 billion, the Financial Times said on Sunday, citing unnamed sources.** UniCredit CEO Andrea Orcel said the Italian lender may consider the sale of its stake in Germany's Commerzbank to a bank outside the European Union if it received a good offer that shareholders wanted, a German newspaper reported on Saturday.** Italian gas grid group Snam's acquisition of a stake in Germany's largest independent gas transmission operator Open Grid Europe will not be finalised by end-September as scheduled, financial daily Il Sole 24 Ore reported on Saturday.