Deals of the day-Mergers and acquisitions

Acea SpA

24/06/2025 10:49

June 24 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Tuesday:

** Italian utility ACEA  has approved a binding offer from Eni's  retail and renewables business Plenitude to acquire its energy retail arm ACEA Energia in a deal worth 588.5 million euros ($682 million), it said.

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**   South Korean game company Krafton Inc<259960.KS> said it had agreed to buy Japan's advertising and animation group ADK for 75 billion yen ($516.21 million).

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** Ohio Farmers Insurance Company, the parent company of Westfield, has entered into a definitive agreement to sell Westfield Bancorp to First Financial Bancorp in a cash-and-stock transaction valued at $325 million.

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** Volvo's  Construction Equipment (CE) unit said it will sell its 70% stake in China's Shandong Lingong Construction Machinery Co to a fund primarily owned by minority owner Lingong Group for 8 billion Swedish crowns ($837 million).

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** The Spanish government is set to impose additional conditions to approve BBVA's BBVA.MC proposed 14 billion euro ($16 billion) hostile takeover of smaller rival Sabadell SABE.MC, newspaper La Vanguardia said on Tuesday, citing unidentified sources.

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 (Compiled by Rajarshi Roy and Apratim Sarkar in Bengaluru)

 ((Rajarshi.Roy@thomsonreuters.com))