Deals of the day-Mergers and acquisitions

Axia Energia SA

04/05/2026 19:34

Adds: Long Lake, SAC

May 4 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1930 GMT on Monday:

** Investment and technology firm Long Lake said it would buy corporate travel operator American Express Global Business Travel for $6.3 billion in an all‑cash deal, betting that artificial intelligence can reshape the sector's future. nL4N41H119

** GameStop  CEO Ryan Cohen's unprecedented $56 billion takeover bid for the much larger eBay  drew skepticism from investors and analysts, with shares in the online retailer trading much below the offer price.

nL4N41H0LM

** SAC, the operator of Sicily’s Catania airport, said it had launched a process to sell a stake of at least 51% in the company. nL8N41H1S7

** Electrical equipment maker Hubbell  said it had agreed to acquire peer NSI Industries, a portfolio company of Sentinel Capital Partners, for $3 billion in cash.

nL4N41H0SU

** Oversea-Chinese Banking Corp  said its Indonesian unit, PT Bank OCBC NISP , has agreed to buy HSBC Holdings'  retail banking and wealth management business in the country.

nL4N41H0PM

** Brazilian power company Axia Energia  has agreed to sell its 49% minority stakes in four electricity transmission special purpose entities to GEBBRAS, an affiliate of Colombia's Grupo Energia Bogota , it said.

nS0N416000

** Spanish energy group Repsol  has agreed to sell a 49% stake in its largest portfolio of renewable assets in Spain to the United Arab Emirates' Masdar, newspaper Cinco Dias reported, citing unidentified sources familiar with the talks.

nL8N41H0I1

** Belgian biopharmaceuticals company UCB  has agreed to buy privately-held Candid Therapeutics in a deal worth up to $2.2 billion, the companies said on Sunday.

nFWN41F00M

 (Compiled by Dharna Bafna and Rajarshi Roy in Bengaluru)

 ((Rajarshi.Roy@thomsonreuters.com))