Deals of the day-Mergers and acquisitions

Sino Biopharmaceutical

15/07/2025 21:04

Adds King Risk Partners

July 15 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday:

** King Risk Partners has acquired Cummings Insurance Agency, a South Carolina-based brokerage, as the fast-growing U.S. retail broker expands across the southeastern U.S. nL6N3TC0KF

** Hong Kong-listed Sino Biopharmaceutical <1177.HK> said it will buy the remaining 95.09% stake it does not hold in Shanghai-based LaNova Medicines for no more than $950.92 million. nL4N3TC0XE

** Israeli carrier Israir  said it was buying 20% of a local credit card company for 40 million shekels ($12 million) in a bid to grow its passenger base.nL1N3TC0E0

** Chinese electric vehicle firm Zeekr said it would be acquired by Geely Automobile Holdings.nL4N3TC0SQ

** Scandinavian property companies Pandox AB  and Eiendomsspar AS  have agreed to buy Ireland's largest hotel group Dalata  for 1.4 billion euros ($1.64 billion), the companies said.  [nL4N3TC0GS ]

** K2 Insurance Services is selling its Gene Mason-led Aegis Pro Risk portfolio, a book of business originally launched in late 2020 offering $5 million in primary and excess capacity, to The McGowan Companies, wholesale and program manager sources confirmed. nL6N3TB0PI

 (Compiled by Rajarshi Roy, Ateev Bhandari and Kritika Lamba in Bengaluru)

 ((Ateev.Bhandari@thomsonreuters.com))