Deals of the day-Mergers and acquisitions

Amundi SA

18/11/2025 10:59

Nov 18 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Tuesday:

** A consortium led by Brazilian investment group Fictor and unnamed investors from the United Arab Emirates agreed to buy embattled Brazilian lender Banco Master, Fictor said in a statement.

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** Dulux paint maker AkzoNobel  said that it plans to merge with paintmaker Axalta Coating Systems  in a deal that will create a combined company with an enterprise value of $25 billion.

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** Swiss firm Cicor Technologies  said it has made a final revised offer for UK's TT Electronics , introducing an all-cash option of 150 pence per share, alongside an alternative that offers Cicor shares.

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** ING Bank Slaski  said that it had agreed to acquire the remaining 55% stake in Polish asset management company Goldman Sachs TFI from Goldman Sachs Asset Management International Holdings for 396 million zlotys ($108 million).

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** Amundi  is buying a 9.9% stake in London‑listed Intermediate Capital Group  to expand in private markets under its new three‑year strategic plan, Europe's largest asset manager said.

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** Chip manufacturer GlobalFoundries  said it has acquired Advanced Micro Foundry (AMF), a Singapore-based chipmaker that focuses on silicon photonics, a fast-growing field that is being used in artificial intelligence data centers and quantum computers.

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** Private equity firm Thoma Bravo has made an offer to acquire Clearwater Analytics , people familiar with the matter said, as the race to buy out the software provider to investment firms gathers pace.

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 (Compiled by Rajarshi Roy and Arnav Mishra in Bengaluru)

 ((Rajarshi.Roy@thomsonreuters.com))