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Deals of the day - Mergers and acquisitions

ReutersJun 24, 2025 8:17 PM

- The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday:

The RiskPoint Group has agreed to acquire Corvus Underwriting GmbH in Frankfurt from Travelers, with the European managing general underwriter looking to expand in German cyber insurance.

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Spirit Airlines urged the Transportation Department to reject a proposed JetBlue Airways JBLU.O and United Airlines UAL.O partnership, saying it was anticompetitive and will prompt large carriers to pursue similar deals. nL1N3SR0VS

Private equity firms Apax Partners, EQT EQTAB.ST, and Hellman & Friedman are among the firms considering offers for the Spanish business of the online classifieds group Adevinta, according to two people with knowledge of the situation. nL8N3SQ130

Spain's BBVA BBVA.MC will not be allowed to integrate its operations with Sabadell SABE.MC for at least three years as one of the conditions imposed by the Spanish government on its hostile bid for its smaller rival in a potential blow to the suitor's expansion plans. nL8N3SR11Z

The European Central Bank has cleared Monte dei Paschi di Siena's BPMS.MI proposed acquisition of rival Mediobanca MDBI.MI, a source with knowledge of the matter told Reuters, as a raft of takeover bids reshapes Italian finance. nL1N3SR0EH

Volvo Group said it would sell its 70% stake in China's Shandong Lingong Construction Machinery Co (SDLG) and buy its European construction equipment supplier Swecon as it looks to refocus on core brands. nL8N3SR08N

Italian utility ACEA has approved a binding offer from Eni's retail and renewables business Plenitude to acquire its energy retail arm ACEA Energia in a deal worth 588.5 million euros ($682 million), it said. nL8N3SR0HN

South Korean game company Krafton Inc <259960.KS> said it had agreed to buy Japan's advertising and animation group ADK for 75 billion yen ($516.21 million). nL4N3SR0L6

Ohio Farmers Insurance Company, the parent company of Westfield, has entered into a definitive agreement to sell Westfield Bancorp to First Financial Bancorp in a cash-and-stock transaction valued at $325 million. nL6N3SQ0TB

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