Deals of the day-Mergers and acquisitions

Renold

13/06/2025 11:06

June 13 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Friday:

** French banking group BPCE has agreed to buy U.S. private equity fund Lone Star's 75% stake in Novo Banco in a deal that values Portugal's fourth-largest bank at 6.4 billion euros ($7.39 billion), following a wave of consolidation in European banking.

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** Canada's Dundee Precious Metals  will acquire UK-based Adriatic Metals  in a cash-and-stock deal valued at $1.25 billion, the companies said , marking the latest in a string of foreign takeovers of UK firms.

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** British healthcare real estate investor Primary Health Properties (PHP)  urged rival Assura  to back its bid over a takeover offer from KKR and Stonepeak .

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** U.S. private equity firm MPE Mgt Co-backed MPE Bidco said it will buy British industrial machinery and equipment maker Renold  in a 186.7 million pound ($252.61 million) cash deal.

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** Meta Platforms  has finalized a deal to pay around $15 billion for a 49% stake in Scale AI, Axios reported on Thursday, citing sources.

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** Thermo Fisher Scientific  plans to sell its diagnostics unit for about $4 billion in an attempt to offload some of its low-growth assets, the Financial Times reported on Thursday, citing people familiar with the matter.

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 (Compiled by Rajarshi Roy and Padmanabhan Ananthan in Bengaluru)

 ((Padmanabhan.Ananthan@thomsonreuters.com))