Deals of the day-Mergers and acquisitions

Sino Biopharmaceutical

15/07/2025 14:45

Adds: Sino Biopharmaceutical, Israir, Zeekr

July 15 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Tuesday:

** 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.

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** 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.

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

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**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.

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** 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.

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 (Compiled by Rajarshi Roy and Ateev Bhandari in Bengaluru)

 ((Ateev.Bhandari@thomsonreuters.com))