Deals of the day-Mergers and acquisitions

Warehouse Reit

25/06/2025 14:51

Adds: Santander, Tony Bloom; Updates: BBVA

June 25 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Wednesday:

** Santander  said it had agreed to sell seven branches in the Allentown, Pennsylvania area to U.S.-based Community Bank  as the Spanish lender pivots towards becoming a digital-first bank in the United States.

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** Brighton & Hove Albion owner Tony Bloom has invested 9.86 million pounds ($13.41 million) to acquire a 29% stake in Heart of Midlothian, the Scottish Premiership club said.

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** Spain's BBVA  will decide shortly whether to move ahead with its hostile bid for Sabadell  after reassessing cost savings in light of conditions imposed by the Spanish government, the bank's manager for Spain said.

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**  Spain's Sabadell SABE.MC would consider selling its British unit TSB if such a deal created value, the bank's Chief Executive Cesar González-Bueno said on Wednesday

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** UK's Warehouse REIT  accepted a 485.2 million pound ($661 million) takeover offer from Tritax Big Box REIT , walking away from a previous deal with Blackstone  agreed in early June. nL4N3SS0JF

** French state-owned utility EDF's new chief is considering a sale of some assets as part of a review of the firm's portfolio in a bid to meet government demands to spur investments in new nuclear reactors, the Financial Times reported. nL4N3SS0PR

 ** New Zealand accounting software giant Xero agreed to buy New York payments provider Melio for $2.5 billion, the companies said, accelerating the Kiwi firm's push into the U.S. with the country's biggest outbound deal in over a decade. nL4N3SR1OJ

 ** Monte dei Paschi di Siena BMPS.MI said the European Central Bank had approved its proposed acquisition of rival Mediobanca MDBI.MI, including under a scenario in which it gains a stake of less than 50% in the rival. nL1N3SS06L

** Brighthouse Financial BHF.O has narrowed down a field of suitors to money manager TPG and Abu Dhabi-backed financial investor Aquarian Holdings, as the U.S. life insurance and annuity provider continues to explore a potential sale, according to people familiar with the matter. nL1N3SR0VX

 (Compiled by Rajarshi Roy and Apratim Sarkar in Bengaluru)

 ((Rajarshi.Roy@thomsonreuters.com))