Deals of the day-Mergers and acquisitions

Electrolux AB

18/07/2025 15:17

Adds: Chevron, SOFAZ; Updates: BP, Senior Plc

June 18 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1415 GMT on Friday:

** BP  has agreed to sell its U.S. onshore wind business to U.S.-based power grid operator LS Power, as part of its ongoing divestment strategy, the energy major said, without disclosing a deal value.

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** Chevron  closed its $55 billion acquisition of Hess   after winning a landmark legal battle against larger rival Exxon Mobil  to gain access to the largest oil discovery in decades.

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**  British engineer Senior Plc  will sell its Aerostructures business to private equity investor Sullivan Street Partners for up to 200 million pounds ($269 million), it said , sending shares 19% higher.

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** Azerbaijan's sovereign oil fund (SOFAZ) has bought a 49% stake in Italian solar plants owned by U.S. renewable energy company Enfinity Global, the two companies said .

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** Inszone Insurance Services has acquired Ashland, Kansas-based Snell-Nelson Insurance Agency, the company said.

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** Medical professional liability insurer Coverys has agreed to sell its Italian MGA AEC to AnaCap-backed Edge Group, the company said.

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** Private equity firm CAPZA said that it had agreed to buy a minority stake for an undisclosed sum in DI Environnement, a French company specialising in environmental clean-up services such as removing hazardous material.

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** Reckitt  has sold a majority stake in its Essential Home business to private equity firm Advent International in a deal valued at $4.8 billion including debt, it said .

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**  India's Reliance Industries  said its retail unit has acquired home appliance maker Kelvinator from Electrolux , as it looks to expand into the fast-growing consumer durables market.

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** Railroad operator Union Pacific  is exploring a deal to buy smaller rival Norfolk Southern , the Wall Street Journal reported, in a merger that would bolster the industry leader's heft and likely draw intense regulatory scrutiny.

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** Insurance industry-focused analytics and technology provider Verisk has signed a definitive agreement to acquire Florida-based SuranceBay, a producer of licensing and compliance solutions for the life and annuity industry, for $162.5 million in cash.

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Teneo said on Thursday it has acquired the Australia business restructuring services unit of auditing firm PwC, as the management consultancy seeks to expand its financial advisory presence in the region.

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 (Compiled by Rajarshi Roy and Ateev Bhandari in Bengaluru)

 ((Ateev.Bhandari@thomsonreuters.com))