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Offers of the day-Mergers and acquisitions – 01/22/2025 at 3:43 p.m.

((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))

(Adds: Shanghai Henlius Biotech, Volkswagen, UniCredit, Venture Global Updates: Unilever)

The following deals, mergers, acquisitions and divestitures were reported at 1430 GMT on Wednesday:

** LNG exporter Venture Global on Wednesday reduced the valuation it was seeking for its U.S. IPO to $65.33 billion, significantly lower than the more than $100 billion it he was originally aiming for.

** UniCredit CRDI.MI chief Andrea Orcel wants to discuss a proposed takeover of Commerzbank CBKG.DE with the new German government and hopes to obtain clarification by the end of the year at the latest, he told German newspaper FAZ.

** German Volkswagen Group VOWG_p.DE plans to sell 15% of its shares in truck unit Traton in the first half of this year, hoping to raise around 2 billion euros ($2.09 billion dollars), Manager magazine reported Wednesday, citing anonymous company sources.

** The Hong Kong shareholders of Shanghai Henlius Biotech

2696.HK have rejected a takeover offer from Chinese conglomerate Fosun International 0656.HK , which would have valued the drugmaker at HK$13.37 billion ($1.72 billion).

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** Consumer goods manufacturer Hindustan Unilever

HLL.NS said it would buy skincare brand “Minimalist” and forecast near-term margins at the lower end of its forecast range as it faces a slowdown in urban demand.

** British energy group EnQuest ENQ.L will acquire Harbor Energy HBR.L’s business in Vietnam, it said, as the North Sea-focused company seeks to further expand outside its domestic market in response to increased British taxes.

**Saudi digital security company Elm Company

7203.SE said it has agreed to acquire business services company Thiqah from the Kingdom’s Public Investment Fund (PIF) in a deal valued at 3.4 billion riyals (906 million dollars).

**US retail brokerage Highstreet Insurance Partners has acquired Winder Insurance Center, a Winder, Georgia-based company specializing in insurance solutions for businesses and individuals.

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