Deals of the day-Mergers and acquisitions
25/02/2025 10:46
Feb 25 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1030 GMT on Tuesday:
** Nippon Steel 5401.T plans to use its current merger
agreement to acquire U.S. Steel X.N as a starting point for
talks with the U.S. government, President Tadashi Imai said, as
it aims to revive the deal.
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** Swedish telecoms group Telia Company TELIA.ST said it has
agreed to sell its TV & Media business to Norway's Schibsted
Media at an enterprise value of 6.55 billion Swedish crowns
($614.99 million) on a cash and debt-free basis.
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** China Evergrande Group's 3333.HK electric vehicle (EV) unit
said it agreed to sell its 20% stake in a Sweden-based real
estate property lessor for 60 million krona ($5.63 million).
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** Spanish telecoms company Telefonica TEF.MC has sold its
unit in Argentina for $1.245 billion to Telecom Argentina
TECO2m.BA as part of its strategy to gradually reduce its
exposure to Latin America, it said on Monday evening.
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(Compiled by Rajarshi Roy and Kamal Choudhury in Bengaluru)
((mailto:Rajarshi.Roy@thomsonreuters.com;))