Deal Dispatch: Stoli On Rocks, Ally Financial Auctions Credit Cards - American Airlines Group (NASDAQ:AAL

The U.S. division of Stoli Group hopes to get a deal under Chapter 11 bankruptcy protection.

The company applied on Nov. 27 to the U.S. Bankruptcy Court in the Northern District of Texas.

Stoli Group USA, based in New York, and Kentucky Owl American whiskey business plan to restructure all assets, valued up to $500 million. See below.

Ally Financial (NYSE:ALLY) is auctioning off its credit card unit after just three years of ownership, per Bloomberg. The Detroit-based auto lender acquired the segment in 2021 for $750 million.
D.W. Shaw hired Alantra Partners to run the sale process for its Spanish non-performing loans and real estate assets, Bloomberg reports. The value of the portfolio is roughly €380 million (US$402 million).
Mumbai-based Edelweiss Financial Services of India hired Nomura to find a buyer for a minority stake in its mutual fund business, which could have a total valuation of $700 million to $800 million, according to the Economic Times.

The Container Store has been unable to ink a deal or find financing. According to CNN, the Coppell, Texas-based company — known for selling bins — hoped for a $40 million financial lifeline from Beyond, the owner of Bed Bath & Beyond and Overstock.com. But, the agreement hasn’t worked out and now the franchise is on the verge of bankruptcy, although it hasn’t filed yet.

Anglo American (LSE: AAL) agreed to sell its Australian steelmaking coal mines to Peabody Energy (NYSE:BTU) for about $3.8 billion. This comes just days before mining giant BHP Group Ltd (NYSE:BHP) is allowed to renew its takeover efforts for Anglo American.

Acquisition-hungry UniCredit (Milan: UCG) offered to acquire Italian lender Banco BPM (Milan: BAMI). The €10 billion offer was rejected, according to Axios. UniCredit also wants to buy Germany-based Commerzbank.

Gold miner Newmont Corporation (NYSE:NEM) sold its Éléonore mine in Quebec Tuesday to London-based Dhilmar for $795 million in cash. The sale follows Newmont's strategy to divest non-core assets following its milestone acquisition of Newcrest Mining in 2023.

Schneider National, Inc. (NYSE:SNDR) disclosed that it has agreed to acquire Cowan Systems, LLC and its affiliates for approximately $390 million in cash, subject to adjustments. The deal also includes a separate purchase of related real estate assets for $31 million.

For last week’s Deal Dispatch, click here.

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