Deals of the day-Mergers and acquisitions

China International Development

21/11/2025 21:36

Adds Codelco, Adani Enterprises, Nokia, American Industrial Partners, SIX Group, Cagliari, Teck Resources, ADNOC-Covestro

Nov 21 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2130 GMT on Friday:

** Private equity-backed insurance software provider Majesco has entered into an agreement to acquire pension and benefits administration software firm Vitech, with CVC taking a minority stake in the combined company as part of the transaction.

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** Abu Dhabi state oil firm ADNOC and Germany's Covestro 1COVG.DE have received the final outstanding regulatory approval from the German economy ministry for their 14.7 billion euro ($16.9 billion) takeover deal, the chemicals company said.

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**  Independent proxy advisory firm Glass Lewis on Friday recommended Teck Resources TECKb.TO shareholders to vote in favor of a deal to combine with Anglo American AAL.L.

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** An American-based investor group, led by Maurizio Fiori of Praxis Capital Management, has acquired a minority stake in Cagliari, the Serie A side said.

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** The operator of the Swiss and Spanish stock markets is weighing acquisitions and the launch of a pan-European equity exchange for small and medium-sized firms, its chief executive told Reuters.

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** U.S. investment firm American Industrial Partners plans to sell or list on the stock market Aluminium Dunkerque, France's largest aluminium plant, a union official said.

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** Finland's Nokia NOKIA.HE said it plans to invest $4 billion in the United States, targeting research, development, and production to drive advancements in artificial intelligence-driven network connectivity.

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** Indian conglomerate Adani Enterprises' ADEL.NS unit sold shares worth 25 billion rupees ($278.9 million) in AWL Agri Business AWLA.NS via bulk deals, data from exchanges showed.

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**  Chilean miner Codelco and India's Adani Group have signed an agreement for a copper project exploration in Chile, Codelco said in a statement.

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** Leather goods maker China International Development Corp <0264.HK> said it is exploring the acquisition of Lonten Semiconductor Co Ltd for up to HK$9 billion ($1.16 billion).

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** Japanese insurer Tokio Marine has signed a definitive agreement to acquire Commodity & Ingredient Hedging (CIH) for $970 million, the company announced.

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** French water management, waste management and energy services group Veolia  said it had agreed to buy U.S.-based hazardous waste company Clean Earth from Enviri  for $3 billion.

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**  Plantro has made a fresh proposal to acquire Dye & Durham, the Canadian legal software maker said, a month after the investment firm withdrew an earlier bid.

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** GE HealthCare  said on Thursday it will acquire medical imaging software provider Intelerad for $2.3 billion in cash as the medical device maker seeks to expand into outpatient care markets.

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** California Pizza Kitchen has signed a deal to be acquired by an investor group led by Consortium Brand Partners and including Todd Boehly's investment firm Eldridge Industries, for under $300 million, according to sources familiar with the matter.

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 (Compiled by Rajarshi Roy, Kritika Lamba and Pranav Mathur in Bengaluru)

 ((Rajarshi.Roy@thomsonreuters.com))