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Deals of the day-Mergers and acquisitions

ReutersApr 7, 2025 9:38 AM

- The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Monday:

Chinese battery giant CATL 300750.SZ is in talks to buy a controlling stake in electric vehicle maker Nio's 9866.HK power unit, which runs more than 3,000 battery swapping stations in China, four people with knowledge of the matter told Reuters.nL3N3QH0ZE

Woodside Energy WDS.AX, Australia’s top gas producer, said it agreed to sell a 40% stake in its Louisiana liquefied natural gas plant to U.S. infrastructure investor Stonepeak for $5.7 billion. nL3N3QK081

Japanese insurer Dai-ichi Life <8750.T> said it had entered a conditional agreement to buy a 15.1% stake in Australian peer Challenger from MS&AD Insurance Group <8725.T> for 80 billion yen ($551.27 million). nL2N3QK05G

Australia's Abacus Storage King > said that it had received an unsolicited takeover offer from a consortium consisting of Ki Corporation and Public Storage <PSA.N>, valuing the target at A$1.93 billion ($1.16 billion).nL3N3QK05K

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