Deals of the day-Mergers and acquisitions

Air Astana AO

19/03/2026 10:16

March 19 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Thursday:

** BP BP.L said on Thursday it would sell its German oil refinery site in Gelsenkirchen to investment firm Klesch Group for an undisclosed sum and raised its cost reduction target, in the latest move to simplify its portfolio and shore up its balance sheet.

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** British defense contractor BAE Systems BAES.L will sell its remaining stake in Kazakhstan's Air Astana AIRA.KZ, the Kazakh company said on Thursday.

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 (Compiled by Rajarshi Roy and Varun Sahay in Bengaluru)

 ((Varun.sahay@thomsonreuters.com))