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Australia's Allkem tops ASX 200 on $10.6bn merger with Livent.?
Grupo Mexico nearing $7bn deal for Citi's Banamex unit.?
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Crescent Point Energy , an exploration and production company that produces oil and gas, completed the acquisition of oil and liquids-rich Montney assets in Alberta from Spartan Delta Corp. , an energy company, for $1.7bn.
"Over the past five years, we have fundamentally rebuilt and strengthened Crescent Point. As a result of our efforts, and after closing this transaction, our asset base will include significant inventory depth in both the Kaybob Duvernay and the Montney, while also maintaining significant low-decline assets in Saskatchewan that provide additional excess cash flow. The Montney acquisition is immediately accretive to our per share metrics, enhances our return of capital to shareholders, and is aligned with our long-term strategy to focus on high quality, scalable resource plays that meet our defined asset criteria," Craig Bryksa, Crescent Point President and CEO.
Crescent Point was advised by BMO Capital Markets , RBC Capital Markets and Scotiabank .
Abu Dhabi Investment Authority (ADIA) , Bain Capital , Flexpoint Ford and Ares Management Corporation , investors, agreed to acquire a 20% stake in US wealth unit from CI Financial , an investment management firm, for $1.34bn.
“This investment from several leading global financial institutions validates our differentiated U.S. wealth management strategy and the considerable success we have achieved in just over three years building and executing on the growth of the business,” Kurt MacAlpine, CI CEO.
CI Financial is advised by RBC Capital Markets , Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates (led by? Ryan Dzierniejko ), Stikeman Elliott LLP and StreetCred PR (led by? Jimmy Moock ).
CK Asset Holdings Limited , a long-term real asset investor, agreed to acquire Civitas Social Housing PLC , a real estate investment trust, for ￡485m ($613m).
"Since our IPO in 2016, the Civitas portfolio has delivered consistently on its financial and social impact objectives," Michael Wrobel, Civitas Non-Executive Chair.
Civitas is advised by Panmure Liberum (led by? Chris Clarke ), Panmure Gordon (led by? Sapna S. ), Cadwalader, Wickersham & Taft LLP and Buchanan (led by? Helen Tarbet ). CK Asset is advised by 汇丰 (led by? Anthony Parsons ) and Clifford Chance .?
Australia's Allkem tops ASX 200 on $10.6bn?merger with Livent.?
Australian lithium producer Allkem Limited, now Arcadium Lithium surged more than 14% after announcing?a $10.6bn merger with US-based Livent ?to create the third-largest producer of the key component used in electric-vehicle batteries.
Allkem shares soared as much as 14.2% to AUD14.74($9.97),?touching their highest since November 24 and topping gainers on the ASX 200 benchmark index. Livent, now Arcadium Lithium , which trades in New York, finished the session overnight 5.2% higher,?Reuters ?reported.
Grupo Mexico nearing $7bn deal for Citi's Banamex unit.?
Conglomerate Grupo México is set to buy 花旗 's retail banking operations in Mexico for about $7bn in a deal that could be announced as early as this week.
As part of the deal, Citi will retain a roughly 10% stake in the Banamex unit. Citi could choose to sell the stake to Grupo Mexico, which is controlled by billionaire German Larrea, or other potential buyers in the future. Another option could be to list the stake on public markets,?Reuters ?reported.
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