Deals of the day-Mergers and acquisitions
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On Dec 30, Meta announced its acquisition of Chinese AI startup Manus to enhance its AI integration. KKR and Kreate Asset Management completed South Korea's largest single-asset logistics deal by purchasing Cheongna Logistics Center. Citigroup's board approved the sale of its Russian unit, AO Citibank, to Renaissance Capital, resulting in a pre-tax loss of approximately $1.2 billion due to currency translation.
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