Deals of the day-Mergers and acquisitions
20/05/2026 14:38
Adds: Kering, Inszone Insurance Services May 20 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Wednesday: ** Artemis, the holding company behind Gucci owner Kering, has agreed to sell its majority stake in Giambattista Valli to the Italian luxury brand's founder, as it presses ahead with a disposal drive targeting underperforming investments. nL1N41X0FZ ** Inszone Insurance Services said it had acquired Texas-based Taylor Insurance Agency, expanding its personal lines business and presence in the San Antonio market. nL6N41X0Q6 ** Malaysia's MNRB Holdings Berhad is to buy the remaining 80% stake in offshore reinsurer Labuan Re for about $100.69 million, the company said. nL6N41X0EK ** New Zealand-based infrastructure investment firm Infratil said it would sell 5% of its stake in Contact Energy for NZ$495.17 million ($288.83 million). nL4N41W1MK ** U.S. investment firms KKR and Energy Capital Partners are weighing an increased offer for Irish energy distributor D0CC , Bloomberg News reported, citing people with knowledge of the matter. nL6N41W13I (Compiled by Rajarshi Roy and Parth Chandna in Bengaluru) ((Rajarshi.Roy@thomsonreuters.com))