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Deals of the day-Mergers and acquisitions

ReutersFeb 18, 2025 11:15 AM

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

** Sweden's Northvolt has agreed to sell a business that makes electric battery packs for heavy industry, one of its few profitable units, to its customer and partner Scania, the two companies said, as the battery maker's restructuring inches forward.

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** Anglo American said it will sell its nickel business to a unit of Hong Kong-listed MMG Ltd <1208.HK> for up to $500 million, as a broader restructuring aimed at refocusing its operations on copper and iron ore mining is well underway.

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** U.S. fund KKR has signed an agreement with Italy's Eni to buy an additional 5% stake in Eni's biofuel business Enilive for 587.5 million euros ($614.17 million), bringing its total stake to 30%, the energy group said.

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** UK's competition regulator said it has provisionally cleared British food maker Boparan Holdings' proposed deal to buy Dutch agricultural feed company ForFarmers' FFARM.AS Burston and Radstock feed mill sites.

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** H&E Equipment Services has accepted a roughly $5.3 billion takeover bid from Herc Rentals, rebuffing an earlier offer from equipment rental rival United Rentals URI.N, the Financial Times reported.

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** Infrastructure investment company Infratil said it would acquire an additional 1.58% stake in CDC Data Centres from Commonwealth Superannuation Corporation (CSC) for about A$216 million ($137 million).

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