Deals of the day-Mergers and acquisitions

Chery Automobile Co

23/01/2026 10:49

Jan 23 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Friday:

** Sberbank, Russia's biggest bank turned technology conglomerate, has taken a major stake in leading electronics producer Element, as Moscow pushes for sovereignty in the production of the high-tech components needed for the war in Ukraine. nL1N3YO06K

** Nissan Motor 7201.T said on Friday it would sell its manufacturing assets in Rosslyn, South Africa, to the local arm of China's Chery Automobile 9973.HK for an undisclosed sum. nL4N3YO0OK

** Britain's Revolut has scrapped plans to buy a U.S. lender and will instead apply for an American banking licence, Financial Times reported on Friday, citing people familiar with the matter. nL4N3YO0EK

** Wacker Neuson WACGn.DE said on Thursday that talks will not continue with South Korea's Doosan Bobcat 241560.KS to buy a majority stake in the German construction equipment maker. nL1N3YN14B

** Capital One Financial COF.N said on Thursday it will acquire fintech firm Brex in a cash and stock deal valued at $5.15 billion and reported a rise in quarterly profit on the back of higher interest income from its credit card debt. nL4N3YN25J

** Clorox CLX.N said on Thursday it would buy privately held skin health and hygiene solutions firm GOJO Industries for $2.25 billion in cash, as the Pine Sol maker looks to expand its position in health and hygiene segments. nL4N3YN25Y

 (Compiled by Rajarshi Roy and Kunal Das in Bengaluru)

 ((Kunal.Das2@thomsonreuters.com))