Deals of the day-Mergers and acquisitions

Abacus Storage King

13/05/2025 21:01

Adds Global Eggs, Tullow Oil, Nutresa, Citigroup

May 13 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday:

** Global Eggs, a group controlled by Brazilian entrepreneur Ricardo Faria, has completed its $1.1 billion acquisition of U.S. egg producer Hillandale Farms, just weeks after closing a new deal in Europe, Faria told Reuters. nL1N3RL0T7

** Tullow Oil Plc TLW.L said its unit, Tullow Gabon Limited, has agreed to sell its entire stake in Tullow Oil Gabon S.A. to Gabon Oil Company for $300 million in cash. nL4N3RL1JC

** Colombian processed food company Nutresa NCH.CN said it sold its 30% stake in the country's Starbucks SBUX.O franchise operator to a unit of Mexican restaurant chain Alsea ALSEA.MX. nL1N3RL0NV

** Wall Street heavyweight Citigroup C.N has agreed to sell its wealth alternatives unit to fintech firm iCapital, the companies announced, as the bank pursues simplifying its business. nL4N3RL0U0

** Borletti Group has acquired a minority stake in U.S. denim and casual wear brand True Religion, the investment firm, which has stakes in department stores Rinascente and Printemps, said. nL8N3RL12U

**  Robinhood  said it will buy Canadian crypto firm WonderFi  for C$250 million ($178.98 million), as the popular commission-free brokerage looks to expand its international footprint. nL4N3RL0GH

** Italy's Newlat Food has signed an exclusive agreement to buy a plant in northern Italy from the world's biggest spirits producer Diageo , it said. nL8N3RL0MD

** Wefox has agreed to sell its Italian entities to funds managed by private equity firm JC Flowers & Co, bringing to an end a long-running restructuring of the company and its operations. nL6N3RL0II

** Exxaro Resources  said it has reached an agreement to buy manganese mines in South Africa in a deal worth 11.67 billion rand as it diversifies into green transition minerals. nL1N3RL068

** Australia's Abacus Storage King  has rejected an A$1.93 billion ($1.23 billion) buyout offer from a consortium led by South African billionaire Nathan Kirsh, citing risks around valuation, timing and deal completion, it said. nL4N3RK238

** Brazilian sugarcane processor Raizen  agreed to sell its Leme plant in southeastern Brazil for 425 million reais ($74.78 million) as part of its strategy to trim its portfolio and cut debt, the firm said on Monday. nL1N3RK0X2

** Italian ceramics billionaire Romano Minozzi has emerged as a significant shareholder in the Italian energy group Eni with a stake of just over 3%, regulatory filings showed on Monday. nL8N3RK275

 (Compiled by Rajarshi Roy, Prakhar Srivastava and Pooja Menon in Bengaluru)

 ((Pooja.Menon@thomsonreuters.com;))