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Deals of the day-Mergers and acquisitions

ReutersJan 2, 2025 8:40 PM

Adds Zegona, Wingtech

- The following bids, mergers, acquisitions and disposals were reported by 2030 GMT on Thursday:

** Zegona Communications ZEG.L said on Thursday that its unit Vodafone Spain has agreed to create a new fibre network company in Spain with MasOrange, and the British firm is expected to hold about 10% of the new venture. nL4N3NY0RN

** Wingtech 600745.SS, the Chinese firm that owns European computer chip maker Nexperia, intends to sell roughly half of its business and focus more on chipmaking due to "changes in the geopolitical environment", it said in a filing this week. nL6N3NY096

** Aon AON.N has completed its acquisition of Griffiths & Armour, the UK regional broker. In a statement, Aon said Griffiths & Armour will now trade as an Aon company following the official closing of the acquisition on New Year’s Day.

nL6N3NY05B

** Swisscom SCMN.S said that it has completed its acquisition of competitor Vodafone VOD.L Italia, which it will now begin merging with its Italian business Fastweb. nL8N3NY03O

** Hutchmed (China)0013.HK, controlled by tycoon Li Ka-shing, is selling stakes in its health subsidiary for around $608 million as the billionaire and his flagship conglomerate look to ramp up capital and pivot towards core operations at the drugmaker. nL1N3NX05Y

** Japan's Nippon Steel 5401.T has proposed giving the U.S. government veto power over any potential cuts to U.S. Steel's X.N production capacity, as part of its efforts to secure President Joe Biden's approval for acquiring the American steelmaker, a source familiar with the matter said on Tuesday. nL4N3NW0S5

(Compiled by Rajarshi Roy, Aamir Sohail and Puyaan Singh in Bengaluru)

((Aamir.sohail@thomsonreuters.com))

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