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Deals of the day-Mergers and acquisitions

ReutersApr 3, 2025 8:02 PM

- The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:

British healthcare REIT Assura AGRP.L has received a 1.5 billion pound ($1.96 billion) indicative cash-and-stock bid from Primary Health Properties , above an earlier offer it had rejected, but below a U.S. consortium's all-cash bid.

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Britain's Octopus Energy said on Thursday its Octopus Energy Generation business had acquired a 10% stake in the East Anglia One wind farm, one of the world's largest operational wind farms, powering around 700,000 homes a year.

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Gucci owner Kering PRTP.PA said its high-end eyewear division had signed an agreement to acquire the entire share capital of Italian manufacturer Visard and a minority stake in another Italian company Mistral.

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Australia's Galan Lithium GLN.AX said that it rejected an offer from Zhejiang Huayou Cobalt Co 603799.SS and Renault Group RENA.PA to acquire the lithium explorer's stake in its Argentine assets for $150 million in cash.

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Guatemalan conglomerate Castillo Hermanos is buying U.S.-based Harvest Hill, maker of beverages such as SunnyD, for around $1.5 billion, including debt, according to people familiar with the matter. nL2N3QH02S

Italian bank UniCredit CRDI.MI is on course to secure a conditional green light from the government in Rome over its plan to take over smaller rival Banco BPM BAMI.MI, three sources familiar with the matter told Reuters. nL2N3QH0S2

Capital One Financial Corp COF.N got a greenlight from the Justice Department for its proposed acquisition of Discover Financial Services DFS.N after the DOJ told other regulators looking into the merger that it doesn't see sufficient competition concerns to block the deal, the New York Times reported on Thursday. nL3N3QH1PD

Intel INTC.O and Taiwan Semiconductor Manufacturing Co 2330.TW have reached a preliminary agreement to form a joint venture to operate the U.S. firm's chipmaking facilities, the Information reported on Thursday, citing two people involved in the discussions. nL3N3QH1SW

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