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Deals of the day-Mergers and acquisitions
Jul 18, 2025 4:24 AM

June 18 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 1100 GMT on Friday:

** Inszone Insurance Services has acquired Ashland,

Kansas-based Snell-Nelson Insurance Agency, the company said.

** Medical professional liability insurer Coverys has agreed

to sell its Italian MGA AEC to AnaCap-backed Edge Group, the

company said.

** Private equity firm CAPZA said that it had agreed to buy

a minority stake for an undisclosed sum in DI Environnement, a

French company specialising in environmental clean-up services

such as removing hazardous material.

** Reckitt has sold a majority stake in its Essential

Home business to private equity firm Advent International in a

deal valued at $4.8 billion including debt, it said .

** India's Reliance Industries said its retail unit

has acquired home appliance maker Kelvinator from Electrolux

, as it looks to expand into the fast-growing consumer

durables market.

** Senior Plc ( SNIRF ) has agreed to sell its Aerostructures

unit to private equity investor Sullivan Street Partners for a

total enterprise value of up to 200 million pounds ($268.58

million), the British engineering firm said .

** Energy major BP said it had agreed to sell its U.S.

onshore wind business, bp Wind Energy, to U.S.-based electricity

transmission systems operator LS Power.

** Railroad operator Union Pacific ( UNP ) is exploring a deal

to buy smaller rival Norfolk Southern ( NSC ), the Wall Street

Journal reported, in a merger that would bolster the industry

leader's heft and likely draw intense regulatory scrutiny.

** Insurance industry-focused analytics and technology

provider Verisk has signed a definitive agreement to acquire

Florida-based SuranceBay, a producer of licensing and compliance

solutions for the life and annuity industry, for $162.5 million

in cash.

Teneo said on Thursday it has acquired the Australia

business restructuring services unit of auditing firm PwC, as

the management consultancy seeks to expand its financial

advisory presence in the region.

(Compiled by Rajarshi Roy and Ateev Bhandari in Bengaluru)

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