Deals of the day-Mergers and acquisitions

Abacus Storage King

13/05/2025 14:56

Adds: Borletti Group, Robinhood, Newlat Food, Wefox

May 13 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Tuesday :

** 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.

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**  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.

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** 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.

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** 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.

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**  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.

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** 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 and Prakhar Srivastava in Bengaluru)

 ((Prakhar.srivastava2@thomsonreuters.com))