On March 7, noteworthy bids, mergers, acquisitions, and disposals were reported.

Warner Music Group (NYSE: WMG) announced it had plans to bid at least 17 euros per share for Believe (Euronext: BLV), a French digital music firm.

The bid valued Believe at 1.65 billion euros, outdone an early takeover offer from a consortium.

The Nationwide Building Society stated it had agreed to acquire Virgin Money UK in a potential all-cash 2.9 billion-pound deal, which could result in Britain’s second-largest savings and mortgage provider.

The Spanish utility Iberdrola announced it was launching a bid to acquire the remaining 18.4% stake in its U.S.

subsidiary Avangrid, a deal estimated to be around $2.49 billion.

In the Asia region, Singapore Telecommunications offloaded a 0.8% stake in India’s Bharti Airtel to U.S.

investment firm GQG Partners for approximately S$950 million.

Further, the Geneva-based trading house Montfort Group was reported to be in talks to sell a part or all of its refining facility in the United Arab Emirates to the fuel oil arm of Chinese state-run giant Sinopec Corp.

Exxon Mobil Corp informed it has filed a contract arbitration claim pertaining to Hess Corp’s proposed sale of its Guyana oil assets, and hinted it may counter Chevron Corp’s pending deal for the assets.

Germany-based renewable energy producer Encavis AG mentioned it was in dialogue with KKR & Co concerning a potential deal.

The Italian shipbuilder Fincantieri was reported to be in talks with Leonardo to purchase the defence group’s submarine branch, Whitehead Alenia Sistemi Subacquei (Wass).

Warner Music Group (NYSE: WMG) is an American multinational entertainment and record label conglomerate headquartered in New York City.