Deals of the day-Mergers and acquisitions

Compass

22/07/2025 14:35

Adds: Apple, Totvs,  Orange

July 22 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Tuesday:

** Apple  supplier Goertek Inc <002241.SZ> said it plans to buy two units of Hong Kong's Luen Fung Commercial Holdings for about combined HK$10.4 billion ($1.32 billion).

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** Brazilian software company Totvs  has agreed to buy StoneCo's  Linx unit in a deal worth 3.05 billion reais ($547.90 million), it said, adding that it expects the move to strengthen its position in the retail segment.

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** French telecom operator Orange  has offered to buy the 50% it does not own in its Spanish unit MasOrange for 4 billion euros ($4.68 billion), Spanish news website El Confidencial reported, citing unidentified sources.

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** Ibex Investment Holdings Ltd., formerly known as Steinhoff International, sold its entire 28% stake in South Africa's clothing retailer Pepkor  for $1.5 billion via an accelerated book-building process.

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** Food catering firm Compass  has agreed to buy European premium food services business Vermaat Groep for about 1.5 billion euros ($1.75 billion) including debt, it said, marking its largest-ever deal.

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** French pharmaceuticals company Sanofi  said it would acquire British private biotechnology firm Vicebio for a total of $1.15 billion, expanding its respiratory vaccine portfolio.

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** IQ-EQ, a global investor services company backed by European private equity firm Astorg, said it is acquiring Singapore-based Gordian Capital - a deal it said would make it the leading funds platform business in Asia Pacific.

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** Australia's Insignia Financial Ltd  said it has agreed to an all-cash takeover offer from investment manager CC Capital, valuing the wealth management firm's equity at A$3.3 billion ($2.15 billion).

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** "South Park," the animated comedy featuring foul-mouthed children, has reached a $1.5 billion streaming deal with Paramount PARA.O, the LA Times reported on Monday.
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 (Compiled by Rajarshi Roy and Apratim Sarkar in Bengaluru)

 ((Rajarshi.Roy@thomsonreuters.com))