Deals of the day-Mergers and acquisitions

Bureau Veritas SA

27/01/2025 11:00

Jan 27 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1030 GMT on Monday:

    ** Swiss testing and inspection group SGS  SGSN.S  has ended
talks over a potential $30 billion merger with French rival
Bureau Veritas  BVI.PA  after the two sides failed to reach
agreement over the deal, it said.  urn:newsml:reuters.com:*:nL5N3ON04E
    
    ** Singapore's DBS Group  DBSM.SI  said it acquired an
additional stake in Shenzhen Rural Commercial Bank (SRCB) for
1.60 billion yuan ($220.4 million), bringing its total ownership
in the Chinese lender to 19.40%.  urn:newsml:reuters.com:*:nL3N3ON0HM
    
    ** UltraTech Cement  ULTC.NS , India's top cement producer
by capacity, is in advanced talks with German firm Heidelberg
 HEIG.DE  to acquire its Indian unit, Moneycontrol reported,
citing sources familiar with the matter.  urn:newsml:reuters.com:*:nL3N3ON0B6

    ** U.S.-based Diversified Energy  DEC.N  said it will buy
private equity-owned Maverick Natural Resources for $1.28
billion, including debt, to expand into the oil and gas-rich
Permian Basin.  urn:newsml:reuters.com:*:nL2N3OM09A

    ** Building products distributor QXO  QXO.N  is preparing to
take its all-cash offer to acquire Beacon Roofing Supply
 BECN.O  directly to shareholders after being rejected on
several occasions, the Wall Street Journal reported on Sunday.
 urn:newsml:reuters.com:*:nL3N3ON023

 (Compiled by Rajarshi Roy and Kritika Lamba in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))