Deals of the day-Mergers and acquisitions
24/04/2026 20:37
Adds UniCredit, Intertek, Cosmobilis, UPM-Kymmene April 24 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1930 GMT on Friday: ** Germany's banking watchdog BaFin on Friday said it had ordered the Italian lender UniCredit CRDI.MI to stop improper advertising related to its attempt to take over Commerzbank CBKG.DE. nL6N417192 ** British product testing firm Intertek ITRK.L rejected a revised takeover bid of 54 pounds per share from Swedish private equity group EQT AB EQTAB.ST on Friday, saying the proposal fundamentally undervalued the company and its prospects. nL6N41716M ** French automotive group Cosmobilis is in talks to buy the commercial rights to the World Rally Championship (WRC), two people familiar with the matter told Reuters. nL6N4170UN ** Finnish forestry group UPM-Kymmene UPM.HE and South African-listed wood fibre producer Sappi SAPJ.J face a lengthy EU antitrust investigation into their planned graphic paper joint venture, as regulators raise competition concerns, people with direct knowledge of the matter said. nL1N4170PG ** Porsche will sell its stakes in sports car makers Bugatti and Rimac to a consortium led by a U.S. fund linked to Egypt's billionaire Sawiris family, the companies said, as Porsche's new CEO focuses on reviving its struggling core brand. nL1N4170CE ** Canadian AI firm Cohere agreed to buy German tech startup Aleph Alpha at an undisclosed price as it looks to increase sales to government and business customers in highly regulated European markets. nL1N41706Z ** Spanish conglomerate Acciona ANA.MC is exploring a sale of Bestinver that could value the asset manager at about 600 million euros ($700.92 million), Spanish newspaper Expansion reported on Friday, citing sources familiar with the matter. nL1N41706A ** French energy major TotalEnergies TTEF.PA agreed to invest in a Kazakhstan-based onshore wind and energy storage project valued at $1.2 billion, with roughly 75% of it financed externally, the company said. nL8N4170DX ** Monte dei Paschi di Siena BMPS.MI could consider parting with its stake in insurer Generali GASI.MI as part of future development plans, but would only do so if the Rome government approves of the buyer, a source briefed on the matter said. nL6N41709N (Compiled by Dharna Bafna, Rajarshi Roy and Pragyan Kalita in Bengaluru) ((Pragyan.Kalita@thomsonreuters.com))