((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))
(Ajoute Gol, Trucordia, Core Specialty, ABB, Serica Energy)
The following deals, mergers, acquisitions and divestitures were reported before 2030 GMT Tuesday:
** Global airlines are in talks with Gol GOLL4.SA to invest in the Brazilian airline, which has started Chapter 11 bankruptcy proceedings, local newspaper Valor Economico reported on Tuesday, citing sources.
** Utah-based Trucordia has acquired Madison, Mississippi-based Rusty Healy Insurance Agency, which provides auto, home, business and life insurance solutions.
**Core Specialty has completed the acquisition of Seattle-based London Aviation Underwriters (LAU), marking the company’s 18th specialty business unit in the front-end programs sub-segment
** ABB ABBN.S expects good growth momentum in 2025 due to long-term trends such as electrification and automation and booming demand for data centers, Chief Executive Officer Morten Wierod said on Tuesday
-** Serica Energy SQZ.L said on Tuesday it would focus again on growing oil and gas operations in Britain’s North Sea, reversing earlier plans to move offshore in the face of rising taxes on the sector.
** UBS Chief Executive Sergio Ermotti said Tuesday it was premature for the Swiss bank to consider acquisitions as it continues to focus on integrating Credit Suisse, which it bought in 2023.
** Italy’s Generali GASI.MI and France’s BPCE said on Tuesday they had taken the first step towards creating Europe’s largest asset manager by revenue, as the industry banks on size to protect profit margins.
** Holcim HOLN.S would like to make 15 to 20 acquisitions this year, Chief Executive Officer Miljan Gutovic said on Tuesday, with the building materials company open to large deals.
** US firm International Paper IP.N is set to win EU approval for its 5.8 billion pound ($7.12 billion) purchase of British rival DS Smith SMDS .L after agreeing to sell assets to address competition concerns, people with direct knowledge of the matter said Tuesday
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