Deals of the day-Mergers and acquisitions

Alpha International

23/07/2025 14:35

Adds: Corpay  Updates:

July 23 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Wednesday:

** Corpay  said it would buy British financial services provider Alpha Group  in a $2.2 billion (1.6 billion pounds) cash deal, as the U.S.-based business payments firm looks to expand its presence among investment managers.

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** London-based buyout firm CapVest Partners is in talks to acquire a majority stake in German drugmaker Stada Arzneimittel, Bloomberg News reported on Tuesday.

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** Zara founder Amancio Ortega's investment vehicle Pontegadea Inversiones has agreed to acquire a 49% stake in PD Ports from Brookfield Asset Management , the British ports and logistics company said on Tuesday.

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** Amazon  has reached a deal to buy San Francisco-based Bee, a startup making an artificial intelligence-enabled bracelet to listen in on and transcribe conversations.

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** Brazilian software company Totvs  has agreed to buy StoneCo's  Linx unit in a deal worth 3.05 billion reais ($547.90 million), it said on Tuesday, adding that it expects the move to strengthen its position in the retail segment.

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** Kazakhstan's Halyk Bank has agreed to a deal to buy a 49% stake in Uzbek payment provider Click for $176.4 million in exchange for Click purchasing a 49% stake in Halyk's Uzbek subsidiary, Tenge Bank, for $60.76 million, the companies said.

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** South Africa's Competition Tribunal has approved Canal+'s CAN.L 35 billion rand ($2 billion) takeover offer for TV broadcaster MultiChoice MCGJ.J, subject to agreed conditions, the companies said.

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 (Compiled by Rajarshi Roy and Apratim Sarkar in Bengaluru)

 ((Rajarshi.Roy@thomsonreuters.com))