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Deals of the day-Mergers and acquisitions
Feb 18, 2025 3:51 AM

Dec 12 (Reuters) - 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.

** Anglo American said it will sell its nickel

business to a unit of Hong Kong-listed MMG Ltd ( MMLTF ) for up

to $500 million, as a broader restructuring aimed at refocusing

its operations on copper and iron ore mining is well underway.

** 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.

** UK's competition regulator said it has provisionally

cleared British food maker Boparan Holdings' proposed deal to

buy Dutch agricultural feed company ForFarmers'

Burston and Radstock feed mill sites.

** H&E Equipment Services ( HEES ) has accepted a roughly

$5.3 billion takeover bid from Herc Rentals, rebuffing an

earlier offer from equipment rental rival United Rentals ( URI )

, the Financial Times reported.

** Infrastructure investment company Infratil ( IFUUF ) 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).

(Compiled by Rajarshi Roy and Abhinav Parmar in Bengaluru)

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