Picture of CVR Energy logo

CVI — CVR Energy News Story

0.000.00%
us flag iconLast trade - 00:00
EnergyAdventurousLarge CapHigh Flyer

Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions

Updates: Vestel Elektronik and Anadolu Group Holding, Adds: CVR Energy

- The following bids, mergers, acquisitions and disposals were reported by 1430 GMT on Tuesday:

** US refiner CVR Energy CVI.N said on Tuesday it would buy two refineries and the marketing business from Marathon Petroleum MPC.N for about $4.2 billion, nearly doubling its refining capacity. nL6N46K0LM

** Vestel Elektronik and Anadolu Group Holding said on Tuesday that they had signed agreements to sell their stakes in Turkish electric vehicle maker TOGG to Turkey's sovereign wealth fund (TVF) and Turkcell in deals worth a total of €368 million ($412 million). nL6N46K05C

** Abu Dhabi's XRG will buy Shell's SHEL.L stake in the Woodside Energy-operated North West Shelf project for $1.45 billion, giving the ADNOC subsidiary its first Australian asset.nL6N46K08N

** Four shareholders in Delfin, the investment vehicle of Italy's Del Vecchio family and the largest investor in eyewear giant EssilorLuxottica ESLX.PA, have rejected an offer from shareholder Leonardo Maria Del Vecchio to buy their stakes, Italian news agencies reported on Monday. nL5N46K0IW

** Marsh said Monday it has acquired Triton Insurance Agency, a Newport, Rhode Island-based marine and yacht broker. nL6N46J189

** Marvell Technology MRVL.O is buying optical components maker Lumentum LITE.O in a $115 billion all-stock deal, including debt, one of the tech industry's largest takeovers and a bold bet that the AI build-out will fuel chip demand for years. nL6N46J0S1


(Compiled by Rajarshi Roy and Kunal Das in Bengaluru)

((Rajarshi.Roy@thomsonreuters.com))

Recent news on CVR Energy

See all news