Deals of the day-Mergers and acquisitions

Yangtze Optical Fibre and Cable Joint Stock Co

14/04/2025 20:56

Adds Telecom Italia; updates KKR

April 14 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1930 GMT on Monday:

** A consortium led by the Italian Treasury has reached an agreement to buy Telecom Italia (TIM) TLIT.MI submarine cable business Sparkle, in a deal valuing the unit at 700 million euros ($793.80 million) including debt, TIM and the government said. [nL1N3QS0RS]

** Italy's Prysmian PRY.MI sold a 3.7% stake in Hong Kong-listed Yangtze Optical Fibre and Cable (YOFC) 601869.SS for around HK$350.2 million ($45.16 million) to support its $1.15 billion acquisition of U.S. group Channell, the cable maker said. nL8N3QS0ZQ

** Intel has agreed to sell a 51% stake in its Altera programmable chip business to buyout firm Silver Lake for $4.46 billion, in the first major move under new CEO Lip-Bu Tan to revive the struggling American chipmaker. nL4N3QS0ZI

** KKR KKR.N will buy a joint venture of S&P Global and CME Group in a $3.1 billion deal, marking the U.S. private equity firm's second acquisition in less than a week despite the tariff turmoil slowing the pace of dealmaking activity. nL4N3QS0T9

**  Warner Bros Discovery  has decided not to sell Polish broadcaster TVN, it said, drawing a line under speculation surrounding the future of the company that is considered strategic by the Polish government. nL8N3QS0EH

**  Marex Group  has bought UK-based Darton Commodities, a trader of cobalt metal used to make aerospace and military equipment, the financial services firm told Reuters, declining to give further details. nL6N3QP0Q2

** Ageas  has agreed to buy British car and home insurer esure from Bain Capital for 1.3 billion pounds ($1.7 billion) in a move that will create the third largest personal lines platform in the UK. nL1N3QS06V

** British oilfield services and engineering company Wood Group has received a proposal from Dubai's Sidara comprising a takeover bid worth about 242 million pounds ($318.4 million) and up to $450 million in cash, it said , boosting its shares. nL4N3QS0IM

** Spanish telecom company Telefonica  said on Sunday it had agreed to sell its Peruvian unit, which recently filed for bankruptcy protection, to Argentina's Integra Tec International for about 900,000 euros ($1.02 million). nL8N3QR09X

 (Compiled by Rajarshi Roy, Katha Kalia and Priyanka.G in Bengaluru)

 ((Katha.Kalia@thomsonreuters.com;))