Deals of the day-Mergers and acquisitions

EQT Holdings

21/08/2026 14:56

Adds:  Steadfast Group Updates:  Monte dei Paschi di Siena
August 21 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Friday:
     
** Australia's Steadfast Group SDF.AX has agreed to a A$7.7 billion ($5.52 billion) buyout by a consortium backed by U.S. investment giant KKR KKR.N, the insurance broker said. nL1N44I08G
     
** Italy's Monte dei Paschi di Siena BMPS.MI launched separate all-share bids totalling about €34 billion ($40 billion) for Banco BPM BAMI.MI and Banca Generali BGN.MI, in an attempt to repel a hostile takeover by Intesa Sanpaolo ISP.MI. nL1N44H0NA
     
** Australian investment manager EQT Holdings EQT.AX said it had received an A$663.1 million ($471.93 million) proposal from BGH Capital, topping a TPG Global offer made earlier this week and sending its shares to a six-month high.
nL6N44I08Y
     
** James Hardie JHA1.F, JHX.AX said it will sell its European walling and flooring business Fermacell to Swiss building materials supplier Holcim HOLN.S for €840 million ($980.78 million) and plans to close its European fibre cement business.
nL4N44H1L0
     
** T. Rowe Price has agreed to acquire F/m Investments, a move that would more than double its assets invested in fixed-income exchange-traded funds, the two firms said on Thursday.
nL6N44H12W
     

 (Compiled by Sahil Pandey and Rajarshi Roy in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com))