Deals of the day-Mergers and acquisitions
BAM•Ford and Geely strike plant deal in Spain
Ford Motor and China's Geely have struck a landmark deal under which the U.S. automaker will sell part of its Almussafes plant near Valencia, paving the way for Geely to manufacture electric vehicles in Spain, ABC newspaper reported on Wednesday.
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Brookfield Asset Management to buy Aypa Power
Brookfield Asset Management will acquire battery storage firm Aypa Power from funds managed by Blackstone at an equity value of $3 billion, it said on Wednesday, as it looks to expand its renewables portfolio in North America.
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