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Deals of the day-Mergers and acquisitions
Jun 20, 2025 7:11 AM

(Adds: Athora Holding, Couchbase ( BASE ), Geely)

June 20 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 1330 GMT on Friday:

** Athora Holding is in talks to buy UK-based specialist

insurer Pension Insurance Corporation (PIC) in a deal that could

be valued at 5 billion pounds ($6.75 billion), Sky News

reported.

** Private equity firm Haveli Investments will buy Couchbase ( BASE )

for $1.5 billion, the data platform said.

** China's Geely said it and its parent Geely Holding would take a combined 26.4% stake in a joint venture

controlled by its French partner Renault as the two seek to produce and sell cars jointly in

Brazil.

** Marco Capital Holdings has acquired R&Q Gamma for undisclosed

terms, the legacy specialist is expected to announce later

today.

** Billionaire Brad Jacobs' new building-products distributor

QXO made an offer to acquire GMS for about $5

billion in cash and said it will proceed with a hostile takeover

if the company's management rejects the proposal.

** Renewable energy firm Emeren Group ( SOL ) said it will go

private in a $102.6-million deal with a company backed by its

chairman, Himanshu Shah.

** India's United Spirits said it is buying the maker

of popular craft gins 'Greater Than' and 'Hapusa' in a deal

valued at 1.3 billion rupees ($15.2 million), including debt, in

a bid to boost its premium portfolio.

** Fox Corp ( FOXA ) has acquired sports-focused streaming

platform and television channel Caliente TV to expand its sports

broadcasting presence in Mexico.

** Germany's Allianz said it had agreed to buy French

direct insurer Eurofil, a move that would make its subsidiary

Allianz Direct the third-largest direct insurer in France.

** Japan's TDK said it has acquired U.S.-based SoftEye,

which makes software and hardware for smart glasses, as the

smartphone battery maker looks for growth drivers linked to

artificial intelligence.

** Billionaire Mike Ashley's Frasers Group ( SDIPF ) said it will

not make an offer for struggling British cosmetics group

Revolution Beauty.

(Compiled by Rajarshi Roy and Christy Santhosh in Bengaluru)

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