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Deals of the day-Mergers and acquisitions
Jun 24, 2025 3:13 AM

June 24 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0930 GMT on Tuesday:

** 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.

** South Korean game company Krafton Inc said it

had agreed to buy Japan's advertising and animation group ADK

for 75 billion yen ($516.21 million).

** 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.

** Volvo's Construction Equipment (CE) unit said it

will sell its 70% stake in China's Shandong Lingong Construction

Machinery Co to a fund primarily owned by minority owner Lingong

Group for 8 billion Swedish crowns ($837 million).

** The Spanish government is set to impose additional conditions

to approve BBVA's proposed 14 billion euro ($16

billion) hostile takeover of smaller rival Sabadell,

newspaper La Vanguardia said on Tuesday, citing unidentified

sources.

(Compiled by Rajarshi Roy and Apratim Sarkar in Bengaluru)

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