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Deals of the day - Mergers and acquisitions

ReutersApr 29, 2025 9:23 PM

- The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Tuesday:

Chinese home appliance maker Midea Group 000333.SZ, 0300.HK is planning to spin off and list its integrated supply chain business Annto Supply Chain Technology on the Hong Kong stock exchange. nL4N3R71GL

French sporting goods retailer Decathlon has started a process to sell about 30% stake in its China business, with a deal potentially valuing the unit at about $1 billion or more, Bloomberg News reported. nL4N3R716F

The chief of Indonesia's GoTo Gojek Tokopedia GOTO.JK said there was no agreement between the company and any party towards entering into any merger. nP8N3PN04D

Axel Springer and U.S. investment firm KKR KKR.N have finalized the division of the media group. nS8N3N50G7

Alternative asset manager Apollo Global Management APO.N is targeting to raise as much as $341 million in an initial public offering of Aspen Insurance in the United States.

nL4N3R70ZC

BRF BRFS3.SA, one of the world's largest chicken and pork meat processors, expects to complete its purchase of a factory in Henan, China, in the coming days, the company's vice president of finance and investor relations, Fabio Mariano, told Reuters. nS0N3OA01D

Chinese offshore oil and gas major CNOOC Ltd 600938.SS may get opportunities to acquire cash-strapped companies if global oil prices keep sliding as the White House's policy agenda pressures oil markets, Yan Hongtao, CNOOC Ltd's president, told an earnings briefing. nP8N3QV09U

UK fresh food provider Bakkavor Group BAKK.L said it will sell its China operations for a cash consideration of about 50 million pounds ($67 million), a move that comes amidst talks for a takeover by rival Greencore GNC.L. nL4N3R70FN

Spain's BBVA BBVA.MC said its first-quarter net profit rose 23% and beat forecasts thanks to a solid performance in Spain, where it aims to buy smaller rival Sabadell SABE.MC, to reduce its reliance on Mexico, its main market. nL8N3R70CP

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