Deals of the day-Mergers and acquisitions
Deals of the day-Mergers and acquisitions Adds: Rheinmetall, Wellington Management, Novacore, Sixth Street, Nestle, Yankuang Energy
June 3 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Wednesday:
** Rheinmetall <RHMG.DE> said it will sell its civilian automotive business to Munich-based industrial group Aequita for roughly 350 million euros, one of the German firm's final steps towards focusing completely on its defence business.
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** Wellington Management has agreed to acquire The Hartford's investment solutions provider Hartford Funds in a transaction with an estimated net value of $1.9 billion, the independent investment manager said.
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** Novacore has added managing general agent Euclid Design Underwriters to its Professional Underwriters Agency (PUA) program, the specialty insurance provider said.
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** Sixth Street has agreed to acquire a minority stake in commodities data and analytics firm Kpler from private equity owners Insight Partners and Rothschild-owned Five Arrows, valuing the firm at over $3.7 billion, according to two sources familiar with the matter.
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** Nestle will fully acquire the smart food brand yfood Labs from its founders, according to a statement, the first acquisition for the world's largest packaged food company under new CEO Philipp Navratil, who took charge in September.
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** China's Yankuang Energy <600188.SS> said it will buy New Energy Group and Shandong Energy Electricity Sales for about 16.41 billion yuan ($2.42 billion) from its majority shareholder, Shandong Energy.
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** British kitchen and interior fittings supplier Howden Joinery <HWDN.L> said it will acquire online retailer DIY Kitchens in a £390 million ($525 million) deal to expand into direct-to-consumer sales, sending its shares up as much as 5%.
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** Carlyle <CG.O> said it agreed to sell mechanical drive systems provider Flender to Triton Partners in a deal between equity firms.
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** Nippon Paint <4612.T> and Sherwin-Williams <SHW.N> said they had decided to terminate their efforts to jointly acquire rival paint maker AkzoNobel <AKZO.AS>.
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** Australia's Macquarie Group <MQG.AX> said on Tuesday its asset management arm and Brazil's IG4 Capital agreed to sell a controlling stake in Corredor Logística e Infraestrutura S.A (CLI) to AD Ports Group <ADPORTS.AD> for $835 million.
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(Compiled by Rajarshi Roy and Varun Sahay in Bengaluru)