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Deals of the day-Mergers and acquisitions

ReutersFeb 14, 2025 2:37 PM

Adds: Owens Corning, Asian Paints

- The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Friday:

Construction equipment maker Owens Corning < OC.N> said it has agreed to sell its glass reinforcements business to India-based Praana Group in a deal valued at $755 million.

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India's Asian Paints < ASPN.NS> said it will sell its Indonesian business to Australia's Omega Property Investments for S$7.5 million ($5.6 million), citing growth challenges nine years after entering the market.

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Brazilian miner Vale is considering selling a majority stake in renewable energy business Alianca Energia to U.S.-based investment firm Global Infrastructure Partners (GIP), it said.

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Warren Buffett's Berkshire Hathaway said on Thursday night it sold 203,091 shares of DaVita DVA.N, reducing its holdings in the kidney dialysis services provider to about 35.89 million shares, a 45% stake worth nearly $6.4 billion.

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A consortium led by Elon Musk will withdraw its $97.4-billion bid for OpenAI's non-profit arm if the ChatGPT maker drops plans to become a for-profit entity, the billionaire's lawyers said in a court filing on Wednesday.

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The Brazilian unit of Nutrien NTR.TO said it will sell its fertilizer blending plants in the country, according to a statement sent to Reuters on Thursday.

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