Deals of the day-Mergers and acquisitions

Austal

14/10/2026 14:38

Adds KNDS, Duralex, JERA; updates Lufthansa
Oct 14 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Wednesday:
 
** Portugal's government picked Lufthansa LHAG.DE to buy a 44.9% stake in TAP Air Portugal for €1.2 billion ($1.3 billion), making the German airline the strategic partner of one of Europe's last unaligned flag carriers. nL6N4600RL

** Families owning 50% in Franco-German tank maker KNDS aim to sell their stake to the German government and are no longer pursuing an initial public offering, German business daily Handelsblatt reported. nL8N4601GO
 
** French businessman and former McKinsey associate Cedric Meston is taking over Duralex, the struggling glassmaker which opened administration proceedings earlier this year, said Meston and the French government. nL8N4601BW

** Japan's top power generator JERA said it had bought the entire stake held by the Japan Organization for Metals and Energy Security (JOGMEC) in a Japanese consortium that holds interests in Australia's Wheatstone liquefied natural gas project. nL1N4600D7

** Japanese trading house Sojitz 2768.T said it agreed to sell its entire stake in the Gregory Crinum coal mine in Queensland, Australia, as part of a structural reform and to reduce its exposure to metallurgical coal. nL1N460098
     
** Swiss skincare firm Galderma GALD.S said it had agreed to acquire US-based company ZO Skin Health for an enterprise value of $1.5 billion, confirming a report published by Reuters earlier in the day. nL8N46008F
 
** Australia's New South Wales Court of Appeal rejected Cosette Pharmaceuticals' bid to terminate its takeover of Mayne Pharma MYX.AX , upholding a lower court ruling that the US-based drugmaker had no valid grounds to abandon the deal. nL4N46006O
 
** Australian shipbuilder Austal ASB.AX said it had extended the due diligence period for Hanwha Group, allowing the South Korean conglomerate more time to formulate a formal offer for its US business, sending its shares sharply higher. nL4N460098
     
** Grupo Televisa TLEVISACPO.MX, TV.N and Fintech Holdings have agreed to buy AT&T's T.N Mexican unit for $2 billion in cash, setting up a showdown with telecoms giant America Movil AMXB.MX and marking one of Mexico's biggest M&A deals in recent years. nL6N45Z18X
     
** The head of the Krupp Foundation, the largest shareholder in German conglomerate Thyssenkrupp TKAG.DE, believes there is currently a "window of opportunity" to spin off the firm's steel division, according to an interview published. nL8N45Z2DF
     
** Australia's New South Wales Court of Appeal rejected Cosette Pharmaceuticals' bid to terminate its takeover of Mayne Pharma MYX.AX, upholding an earlier ruling that the US-based drugmaker had no valid grounds to abandon the deal.    nL4N460030
     
** SK Group Chairman Chey Tae-won has agreed the sale of a 1.34% stake in holding company SK Inc 034730.KS to an investment fund linked to Dell Technologies DELL.N founder Michael Dell for 544 billion won ($406 million), a regulatory filing showed. nL4N46002N
     
** Activist investor Ancora Holdings has urged Britain-listed Big Yellow Group BYG.L to launch a strategic review, including a potential sale of the self-storage company. nL6N45Z162

 (Compiled by Shania S Thomas in Bengaluru)
 ((shanias.thomas@thomsonreuters.com))