(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, a blank-cheque acquisition company, in a deal valuing the combined business at $3.3 billion.
** Indosat Ooredoo 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 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 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 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 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 stake in France’s Groupe M6 are making progress and there is good interest from several interested parties, CEO Thomas Rabe told reporters.
** Spotify Inc 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, 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 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 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.
(Compiled by Amruta Khandekar and Tiyashi Datta in Bengaluru)
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