Deals of the day-Mergers and acquisitions

Hanwha Systems

05/06/2025 10:52

June 5 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0950 GMT on Thursday:

** Kimberly-Clark KMB.O is nearing a sale of its Kleenex and tissue businesses outside of North America for around $3.5 billion to Brazilian pulpmaker Suzano SUZB3.SA, the Wall Street Journal reported, citing people familiar with the matter. nL3N3S803Y

** South Korea's Hanwha Systems <272210.KS> said it was selling its entire 5.4% stake in Eutelsat  for about 78 million euros ($85 million), as the Franco-British satellite operator seeks new investors. nL5N3S808P

** Chemical maker LyondellBasell LYB.N said on Thursday it is in exclusive talks with Munich-based investment firm AEQUITA for the sale of certain olefin and polyolefin assets in Europe. nL3N3S80MW

** British outsourcer Mitie Group  for about 366 million pounds ($496 million) in a cash-and-stock deal, the companies said, sending the latter's shares up nearly 8%. nL3N3S80FM

** Prada <1913.F> said it acquired a 10% stake in Italian leather group Rino Mastrotto, as the luxury group aims to tighten its grip over the production process.nL5N3S807Y

 (Compiled by Rajarshi Roy and Ateev Bhandari in Bengaluru)

 ((ateev.bhandari@thomsonreuters.com))