Deals of the day-Mergers and acquisitions

Essity AB (publ)

13/11/2025 10:48

Nov 13 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Thursday:

** Spain's ACS ACS.MC is close to striking a 23 billion euro ($26.8 billion) partnership with BlackRock's BLK.N Global Infrastructure Partners to develop data centres, newspaper Expansion reported, citing unnamed market sources.    nL1N3WP088

** India's Mahindra & Mahindra MAHM.NS will form a life insurance joint venture with Canada's Manulife MFC.TO, expanding an existing 5-year old partnership, with both companies committing up to $400 million over the next decade. nL4N3WP0A4

** BP BP.L is in active negotiations with investment firm Stonepeak over the sale of its Castrol lubricants unit, according to two people with knowledge of the situation, in what would be a major step in meeting the energy company's $20 billion divestment goal. nL6N3WO0XB

** South Korea's Lotte Chemical 011170.KS said it has sold about 75% stake in its Pakistani subsidiary to Dubai-based PTA Global Holding for 98 billion won ($68.94 million). nL4N3WP09Y

** Edgewell Personal Care EPC.N has agreed to sell its North American feminine care business, which includes the likes of Stayfree sanitary napkins, to Swedish health and hygiene firm Essity ESSITYa.ST for $340 million, the U.S. consumer products firm said on Wednesday. nL6N3WO12A

 (Compiled by Rajarshi Roy and Jaspreet Singh in Bengaluru)

 ((Jaspreet.Singh@thomsonreuters.com))