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Deals of the day-Mergers and acquisitions

ReutersApr 21, 2025 8:00 PM

- The following bids, mergers, acquisitions and disposals were reported by 19:45 GMT on Monday:

Private equity-backed broker Alkeme Insurance has acquired Crawford Insurance Group, a Michigan-based personal and commercial insurance agency, expanding its presence in the Midwest. nL6N3QZ0D9

U.S. broker Inszone Insurance Services has acquired Davidson Insurance Agency Group, a Davidson, Missouri-based specialist catering to the small business sector. nL6N3QZ0C4

Coal India COAL.NS, the country's top coal producer, will build a 1,600 megawatt coal-powered plant through a joint venture in the eastern state of Jharkhand at an investment of 165 billion rupees ($1.94 billion) to meet increasing power demand. nL4N3QZ0QN

South Korea's LG Energy Solution has formally withdrawn from a 142 trillion rupiah ($8.45 billion) project to develop electric vehicle battery making in Indonesia, the company said. nL1N3QZ090

Thailand's food giant Charoen Pokphand Foods CPF.BK will buy a 23.8% stake in C.P. Pokphand from Japanese trading house Itochu Corp 8001.T for $1.1 billion to become its sole owner, the company said on Monday. nL4N3QZ0OV

U.S. businessman James Cameron has offered to buy mining giant Eurasian Resources Group for $5 billion, a letter he sent to its board showed, as the company prepares to participate in a major expansion of Kazakhstan's rare earths output. nL8N3QW06R

Saudi oil giant Aramco signed a joint development agreement with Chinese electric vehicle (EV) manufacturer BYD to explore collaboration in the development of new energy vehicle technologies, Aramco said. nL1N3QZ084

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