Deals of the day-Mergers and acquisitions

MMG

18/02/2025 11:15

Dec 12 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1030 GMT on Tuesday:
     
    ** Sweden's Northvolt has agreed to sell a business that
makes electric battery packs for heavy industry, one of its few
profitable units, to its customer and partner Scania, the two
companies said, as the battery maker's restructuring inches
forward.
     urn:newsml:reuters.com:*:nS8N3M005F
     
    ** Anglo American  AAL.L  said it will sell its nickel
business to a unit of Hong Kong-listed MMG Ltd  1208.HK  for up
to $500 million, as a broader restructuring aimed at refocusing
its operations on copper and iron ore mining is well underway.
     urn:newsml:reuters.com:*:nL3N3P90JF

    ** U.S. fund KKR  KKR.N  has signed an agreement with
Italy's Eni  ENI.MI  to buy an additional 5% stake in Eni's
biofuel business Enilive for 587.5 million euros ($614.17
million), bringing its total stake to 30%, the energy group
said.
     urn:newsml:reuters.com:*:nL2N3P907X
     
    ** UK's competition regulator said it has provisionally
cleared British food maker Boparan Holdings' proposed deal to
buy Dutch agricultural feed company ForFarmers'  FFARM.AS 
Burston and Radstock feed mill sites.
     urn:newsml:reuters.com:*:nL3N3P90LH
     
    ** H&E Equipment Services  HEES.O  has accepted a roughly
$5.3 billion takeover bid from Herc Rentals, rebuffing an
earlier offer from equipment rental rival United Rentals
 URI.N , the Financial Times reported.
     urn:newsml:reuters.com:*:nL3N3P90E3
     
    ** Infrastructure investment company Infratil  IFT.NZ  said
it would acquire an additional 1.58% stake in CDC Data Centres
from Commonwealth Superannuation Corporation (CSC) for about
A$216 million ($137 million).
     urn:newsml:reuters.com:*:nL2N3P80NA

 (Compiled by Rajarshi Roy and Abhinav Parmar in Bengaluru)
 ((mailto:Rajarshi.Roy@thomsonreuters.com;))