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Deals of the day-Mergers and acquisitions
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Deals of the day-Mergers and acquisitions
Aug 15, 2025 2:58 AM

August 15 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0930 GMT on Friday:

** Associated British Foods ( ASBFF ) has agreed to buy bread

brand Hovis from private equity firm Endless, bolstering the

group's loss-making Allied Bakeries unit which owns the

Kingsmill, Sunblest and Allinson's brands, it said.

** South Africa's Nedbank Group has agreed to sell its

21.2% stake in pan-African lender Ecobank to the

private investment vehicle of financier Alain Nkontchou for $100

million, it said.

** Accenture ( ACN ) said on Thursday it will buy Australian

cybersecurity firm CyberCX in its largest-ever deal in the

sector, with the Australian Financial Review valuing the

transaction at more than A$1 billion ($650 million).

(Compiled by Rajarshi Roy and Sumit Saha in Bengaluru)

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