Deals of the day-Mergers and acquisitions

Sinclair

17/12/2025 10:48

Dec 17 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Wednesday:

** Diageo , the world's largest spirits group, has agreed to sell its 65% stake in East African Breweries  to Japan's Asahi Holdings <2502.T> for $2.3 billion, divesting its last direct African beer holding.

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** New Zealand will sell securities worth NZ$1.16 billion ($670.83 million) in telecoms infrastructure provider Chorus , as the government looks for ways to raise equity for other infrastructure projects.

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** Japan's Mizuho Securities said it will buy a majority stake in Indian investment bank Avendus from U.S. investment firm KKR  for up to 81 billion yen ($523 million).

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** U.S. broadcaster E.W. Scripps'  board on Tuesday unanimously rejected Sinclair's  $622 million acquisition proposal, saying it was not in the best interests of the company and its shareholders.

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** Italian water heating firm Ariston  said on Tuesday it will acquire industrial company Riello Group for 289 million euros ($339.58 million).

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 (Compiled by Rajarshi Roy and Katha Kalia in Bengaluru)

 ((Rajarshi.Roy@thomsonreuters.com))