Deals of the day-Mergers and acquisitions

Alamos Gold

15/09/2025 10:55

September 15 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Monday:

** Canadian miner Alamos Gold  said late Sunday that it will sell its Turkish subsidiary for $470 million to a Middle East-based mining company, ending a years-long $1 billion legal battle.

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** A shareholder of UAE telecoms firm du  sold a 7.55% stake in the company for 3.15 billion dirhams ($858 million) through a secondary share sale, du said in a regulatory filing on Monday.

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** British supermarket group Sainsbury's  said on Sunday it has terminated talks with Chinese e-commerce giant JD.com <9618.HK> over selling the Argos general merchandise retailer, a day after confirming discussions were underway.

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** Brookfield Asset Management  is in talks to buy Yes! Communities, a US landlord of manufactured homes, from Singaporean sovereign wealth fund GIC for more than $10 billion, the Financial Times said on Sunday, citing unnamed sources.

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**  UniCredit  CEO Andrea Orcel said the Italian lender may consider the sale of its stake in Germany's Commerzbank to a bank outside the European Union if it received a good offer that shareholders wanted, a German newspaper reported on Saturday.

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** Italian gas grid group Snam's  acquisition of a stake in Germany's largest independent gas transmission operator Open Grid Europe will not be finalised by end-September as scheduled, financial daily Il Sole 24 Ore reported on Saturday.

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 (Compiled by Rajarshi Roy and Anshi Sancheti in Bengaluru)

 ((Anshi.Sancheti@thomsonreuters.com))