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Deals of the day-Mergers and acquisitions

ReutersFeb 25, 2025 10:46 AM

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

Nippon Steel 5401.T plans to use its current merger agreement to acquire U.S. Steel X.N as a starting point for talks with the U.S. government, President Tadashi Imai said, as it aims to revive the deal.

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Swedish telecoms group Telia Company said it has agreed to sell its TV & Media business to Norway's Schibsted Media at an enterprise value of 6.55 billion Swedish crowns ($614.99 million) on a cash and debt-free basis.

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China Evergrande Group's <3333.HK> electric vehicle (EV) unit said it agreed to sell its 20% stake in a Sweden-based real estate property lessor for 60 million krona ($5.63 million).

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Spanish telecoms company Telefonica has sold its unit in Argentina for $1.245 billion to Telecom Argentina TECO2m.BA as part of its strategy to gradually reduce its exposure to Latin America, it said on Monday evening.

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