Deals of the day-Mergers and acquisitions

Colt CZ SE

29/08/2025 20:31

August 29 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1930 GMT on Friday:

** Kraft Heinz KHC.O is closing in on a plan to break itself up, the Wall Street Journal reported, citing people familiar with the matter. nL4N3UL19J

** Spain's BBVA BBVA.MC said on Friday it had adjusted its takeover offer for Sabadell SABE.MC to maintain its value after the latter's interim dividend payment, as it awaits the supervisor's approval for its now over 15 billion euro ($17.56 billion) hostile bid. nL8N3UL0ZN

** Brazil's state-run oil firm Petrobras has been receptive to a proposal by IG4 Capital to take over engineering group Novonor's controlling stake in Latin America's largest petrochemical company, Braskem BRKM3.SA, four people familiar with the talks told Reuters. nL1N3UK0Y0

** Global investment firm Rhône Group has signed a deal to buy U.S. restaurant chain Freddy's Frozen Custard & Steakburgers for around $700 million, including debt, according to two people familiar with the matter. nL6N3UK0YG

** Ethanol producer Inpasa and Brazilian grain processor and exporter Amaggi have agreed to form a joint venture to build at least three corn-based ethanol plants in Mato Grosso, Brazil's top grain producing state, the firms said. nS0N3UI012

    ** Britain's Wood Group WG.L has agreed to a 216-million-pound ($292 million) conditional takeover bid from Dubai-based Sidara, the companies said, ending a pursuit that spanned more than a year and involved multiple offers and rejections. nL4N3UL15Z

** PepsiCo PEP.O has raised its stake in Celsius Holdings CELH.O through a $585 million deal, as the global soda and snacks maker strengthens its energy drink business amid shifting consumer preferences. nL4N3UL0U7

** DuPont DD.N will sell its heat-resistant fiber business Aramids, home to brands such as body armor maker Kevlar, to peer Arclin for $1.8 billion as the chemicals company undergoes a broader reorganization. nL4N3UL0X2

**  British private equity firm Permira said it has approached the board of JTC  for a takeover proposal, sending the shares of the London-listed financial services firm soaring over 17%. nL4N3UL0SW

** Czech-based firearms maker Colt CZ Group SE  has agreed to buy a majority stake and potentially all of the shares in Synthesia Nitrocellulose, in a deal valuing the Czech gunpowder ingredient maker at 22 billion crowns ($1.05 billion). nL1N3UL07M

** Canadian oil and gas producer Strathcona Resources  said on Thursday it intends to buy an additional 5% stake in rival MEG Energy  and vote against the acquisition of MEG by another rival, Cenovus Energy .

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 (Compiled by Rajarshi Roy and Pooja Menon in Bengaluru)

 ((Rajarshi.Roy@thomsonreuters.com;))