Deals of the day-Mergers and acquisitions

Equinox Gold

13/05/2026 14:35

Adds:  CSG, Ludoil , Trucordia, Equinox Gold  Updates:  Intertek,  Blackstone

The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Wednesday:

** Czech defense group CSG  has offered to buy a stake in Franco-German tank maker KNDS from its German owner families, a source familiar with the situation told Reuters.

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** Italian energy group Ludoil said it had signed a deal with Cypriot private equity fund G.O.I. Energy to buy Sicilian oil refiner ISAB, as European fuel supply remains disrupted by the conflict in the Middle East.

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** Britain's Intertek  is ready to recommend a 9.4-billion-pound ($12.7-billion) takeover proposal by Swedish private equity group EQT, the product testing company said , bowing to investor pressure after rejecting three previous bids.

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** Equinox Gold  said it would acquire Orla Mining  in an all-stock deal to create a North American gold producer worth about $18.5 billion.

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** Blackstone  has walked away from a proposed $4 billion tie-up with Hong Kong's New World Development <0017.HK> after the indebted property developer refused to cede control, Bloomberg News reported , citing people familiar with the matter.

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** Retail broker Trucordia has acquired the assets of Richardson Insurance, an Idaho-based provider of personal and commercial insurance lines, the company said on Tuesday.

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** Mercedes-Benz  has agreed to sell its seven Berlin dealerships to a Canadian investor, as part of efforts to sell off businesses in its dealership network, the German carmaker said late on Tuesday.

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** Brown-Forman  has rejected a $32 per share cash takeover offer from U.S. spirits maker Sazerac, according to a source familiar with the matter, weeks after talks between the Jack Daniel's maker and France's Pernod Ricard  fell apart.

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(Compiled by Rajarshi Roy and Apratim Sarkar in Bengaluru)