Deals of the day - Mergers and acquisitions

BRF SA

29/04/2025 22:23

Adds BRF, Midea Group, Decathlon, GoTo, Axel Springer , Apollo Global Management

April 29 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Tuesday:

** Chinese home appliance maker Midea Group 000333.SZ, 0300.HK is planning to spin off and list its integrated supply chain business Annto Supply Chain Technology on the Hong Kong stock exchange. nL4N3R71GL

** French sporting goods retailer Decathlon has started a process to sell about 30% stake in its China business, with a deal potentially valuing the unit at about $1 billion or more, Bloomberg News reported. nL4N3R716F

** The chief of Indonesia's GoTo Gojek Tokopedia GOTO.JK said there was no agreement between the company and any party towards entering into any merger. nP8N3PN04D

** Axel Springer and U.S. investment firm KKR KKR.N have finalized the division of the media group. nS8N3N50G7

** Alternative asset manager Apollo Global Management APO.N is targeting to raise as much as $341 million in an initial public offering of Aspen Insurance in the United States.

nL4N3R70ZC

** BRF BRFS3.SA, one of the world's largest chicken and pork meat processors, expects to complete its purchase of a factory in Henan, China, in the coming days, the company's vice president of finance and investor relations, Fabio Mariano, told Reuters. nS0N3OA01D

** Chinese offshore oil and gas major CNOOC Ltd 600938.SS may get opportunities to acquire cash-strapped companies if global oil prices keep sliding as the White House's policy agenda pressures oil markets, Yan Hongtao, CNOOC Ltd's president, told an earnings briefing. nP8N3QV09U

** UK fresh food provider Bakkavor Group BAKK.L said it will sell its China operations for a cash consideration of about 50 million pounds ($67 million), a move that comes amidst talks for a takeover by rival Greencore GNC.L. nL4N3R70FN

** Spain's BBVA BBVA.MC said its first-quarter net profit rose 23% and beat forecasts thanks to a solid performance in Spain, where it aims to buy smaller rival Sabadell SABE.MC, to reduce its reliance on Mexico, its main market. nL8N3R70CP

 (Compiled by Ateev Bhandari and Anuja Bharat Mistry in Bengaluru)

 ((Ateev.Bhandari@thomsonreuters.com))