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Deals of the day-Mergers and acquisitions
Feb 25, 2025 3:03 AM

Feb 25 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 1030 GMT on Tuesday:

** Nippon Steel ( NISTF ) plans to use its current merger

agreement to acquire U.S. Steel as a starting point for

talks with the U.S. government, President Tadashi Imai said, as

it aims to revive the deal.

** 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.

** China Evergrande Group's ( EGRNF ) 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).

** Spanish telecoms company Telefonica has sold its

unit in Argentina for $1.245 billion to Telecom Argentina

as part of its strategy to gradually reduce its

exposure to Latin America, it said on Monday evening.

(Compiled by Rajarshi Roy and Kamal Choudhury in Bengaluru)

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