Deals of the day-Mergers and acquisitions

Acea SpA

24/06/2025 14:52

Adds: Updates: Volvo Group, Monte dei Paschi di Siena's,

June 24 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Tuesday:

**  The European Central Bank has cleared Monte dei Paschi di Siena's BPMS.MI proposed acquisition of rival Mediobanca MDBI.MI, a source with knowledge of the matter told Reuters, as a raft of takeover bids reshapes Italian finance.

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** Volvo Group   said it would sell its 70% stake in China's Shandong Lingong Construction Machinery Co (SDLG) and buy its European construction equipment supplier Swecon as it looks to refocus on core brands.

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** 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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** 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))