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Deals of the day-Mergers and acquisitions
Apr 7, 2025 2:59 AM

April 7 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0930 GMT on Monday:

** Chinese battery giant CATL is in talks to buy a

controlling stake in electric vehicle maker Nio's

power unit, which runs more than 3,000 battery swapping stations

in China, four people with knowledge of the matter told

Reuters.

** Woodside Energy ( WDS ), 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.

** Japanese insurer Dai-ichi Life ( DCNSF ) said it had entered a

conditional agreement to buy a 15.1% stake in Australian peer

Challenger from MS&AD Insurance Group ( MSADF ) for 80

billion yen ($551.27 million).

** Australia's Abacus Storage King ( ABSKF ) said that it had

received an unsolicited takeover offer from a consortium

consisting of Ki Corporation and Public Storage ( PSA ), valuing

the target at A$1.93 billion ($1.16 billion).

(Compiled by Rajarshi Roy and Siddhi Mahatole in Bengaluru)

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