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Deals of the day-Mergers and acquisitions
May 26, 2025 6:32 AM

May 13 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0930 GMT on Tuesday

:

** Exxaro Resources said it has reached an agreement

to buy manganese mines in South Africa in a deal worth 11.67

billion rand as it diversifies into green transition minerals.

** Australia's Abacus Storage King ( ABSKF ) has rejected an

A$1.93 billion ($1.23 billion) buyout offer from a consortium

led by South African billionaire Nathan Kirsh, citing risks

around valuation, timing and deal completion, it said.

** Brazilian sugarcane processor Raizen agreed to

sell its Leme plant in southeastern Brazil for 425 million reais

($74.78 million) as part of its strategy to trim its portfolio

and cut debt, the firm said on Monday.

** Italian ceramics billionaire Romano Minozzi has emerged as a

significant shareholder in the Italian energy group Eni with a

stake of just over 3%, regulatory filings showed on Monday.

(Compiled by Rajarshi Roy and Prakhar Srivastava in Bengaluru)

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