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Deals of the day-Mergers and acquisitions

ReutersMay 13, 2025 1:56 PM

- The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Tuesday :

Borletti Group has acquired a minority stake in U.S. denim and casual wear brand True Religion, the investment firm, which has stakes in department stores Rinascente and Printemps, said.

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Robinhood <HOOD.O> said it will buy Canadian crypto firm WonderFi <WNDR.TO> for C$250 million ($178.98 million), as the popular commission-free brokerage looks to expand its international footprint.

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Italy's Newlat Food has signed an exclusive agreement to buy a plant in northern Italy from the world's biggest spirits producer Diageo <DGE.L>, it said.

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Wefox has agreed to sell its Italian entities to funds managed by private equity firm JC Flowers & Co, bringing to an end a long-running restructuring of the company and its operations.

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Exxaro Resources said it has reached an agreement to buy manganese mines in South Africa in a deal worth 11.67 billion rand as it diversifies into green transition minerals.

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Australia's Abacus Storage King has rejected an A$1.93 billion ($1.23 billion) buyout offer from a consortium led by South African billionaire Nathan Kirsh, citing risks around valuation, timing and deal completion, it said. nL4N3RK238

Brazilian sugarcane processor Raizen agreed to sell its Leme plant in southeastern Brazil for 425 million reais ($74.78 million) as part of its strategy to trim its portfolio and cut debt, the firm said on Monday. nL1N3RK0X2

Italian ceramics billionaire Romano Minozzi has emerged as a significant shareholder in the Italian energy group Eni with a stake of just over 3%, regulatory filings showed on Monday. nL8N3RK275

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