Deals of the day-Mergers and acquisitions

Abacus Storage King

14/07/2025 11:31

July 14 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Monday:

** German energy firm Techem will remain in the hands of investor Partners Group  after its sale to U.S. financial investor TPG  fell through in May, the Swiss private equity firm said, confirming an earlier report.

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** Australia's Abacus Storage King  said it received a sweetened takeover offer from a consortium comprising a South African billionaire, valuing the firm at A$2.17 billion ($1.42 billion) and sending its shares soaring over 7%.

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** India's VIP Industries  on Sunday announced that Chairman Dilip Piramal and his family have entered an agreement with the Multiples Consortium to sell a stake of up to 32% in the company.

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 (Compiled by Rajarshi Roy and Ateev Bhandari in Bengaluru)

 ((Ateev.Bhandari@thomsonreuters.com))