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Deals of the day-Mergers and acquisitions

ReutersMay 13, 2025 8:01 PM

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

*Global Eggs, a group controlled by Brazilian entrepreneur Ricardo Faria, has completed its $1.1 billion acquisition of U.S. egg producer Hillandale Farms, just weeks after closing a new deal in Europe, Faria told Reuters. nL1N3RL0T7

*Tullow Oil Plc TLW.L said its unit, Tullow Gabon Limited, has agreed to sell its entire stake in Tullow Oil Gabon S.A. to Gabon Oil Company for $300 million in cash. nL4N3RL1JC

*Colombian processed food company Nutresa NCH.CN said it sold its 30% stake in the country's Starbucks SBUX.O franchise operator to a unit of Mexican restaurant chain Alsea ALSEA.MX. nL1N3RL0NV

*Wall Street heavyweight Citigroup C.N has agreed to sell its wealth alternatives unit to fintech firm iCapital, the companies announced, as the bank pursues simplifying its business. nL4N3RL0U0

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. nL8N3RL12U

Robinhood said it will buy Canadian crypto firm WonderFi for C$250 million ($178.98 million), as the popular commission-free brokerage looks to expand its international footprint. nL4N3RL0GH

Italy's Newlat Food has signed an exclusive agreement to buy a plant in northern Italy from the world's biggest spirits producer Diageo , it said. nL8N3RL0MD

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. nL6N3RL0II

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. nL1N3RL068

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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