Deals of the day-Mergers and acquisitions

Renold

13/06/2025 14:44

Adds:  Updates:  BPCE, Meta

June 13 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Friday:

** France's BPCE has agreed a 6.4 billion euros ($7.39 billion) deal to acquire Portugal's Novo Banco, including a 75% stake held by U.S. private equity firm Lone Star, BPCE and Lone Star said.

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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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** Facebook-owner Meta META.O has invested in Scale AI in a deal that values the data-labeling startup at $29 billion and brings in its 28-year-old CEO, Alexandr Wang, to play a prominent role in the tech giant's artificial intelligence strategy.

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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))