Deals of the day - Mergers and acquisitions

Formula One

23/06/2025 21:28

Updates: Northern Trust, BBVA, Liberty Media Adds: Monte dei Paschi di Siena, Wealthfront, Spanish airline Iberia, Turkish Airlines, Omnicom

June 23 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:

** The European Central Bank has cleared Monte dei Paschi di Siena's BPMS.MI proposed acquisition of rival Mediobanca MDBI.MI, a source with knowledge of the matter told Reuters, as a raft of takeover bids reshape Italian finance. nL8N3SQ1S2

** Automated digital wealth management firm Wealthfront Corporation said it had confidentially filed for a U.S. initial public offering, as investors show increasing interest in new listings. nL4N3SQ0XI

** IAG's Spanish airline Iberia said it was scrapping previous plans to resume flights to Doha on Tuesday after Qatar temporarily shut down its airspace amid developments in the region. nS8N3OI00L

** Turkish Airlines THYAO.IS is holding non-binding discussions to assess a potential investment in Spanish airline Air Europa and explore possible partnership synergies, it said in a statement. nL1N3SQ0PK

** Omnicom's OMC.N $13.5 billion acquisition of rival Interpublic IPG.N can move forward on the condition the new company does not enter agreements with others to steer ad dollars towards or away from publishers based on political content, the U.S. Federal Trade Commission said. nL6N3SQ0MO

** Northern Trust NTRS.O is fully committed to remaining independent, the bank said, after the Wall Street Journal reported that Bank of New York Mellon had approached the asset and wealth manager to express interest in a merger. nL1N3SP0AI

** BBVA BBVA.MC could withdraw its offer for smaller rival Sabadell SABE.MC if conditions imposed by the Spanish government are too harsh, or if it is forced to accept the sale of Sabadell's British unit TSB, Chairman Carlos Torres said. nL8N3SQ0OE

** Formula One owner Liberty Media FWONA.O received unconditional clearance from EU regulators for its roughly 4 billion euros ($4.60 billion) acquisition of Dorna Sports, which owns MotoGP, the European Commission said. nL8N3SQ193

** New York Jets co-owner Robert Wood "Woody" Johnson has signed a binding agreement to buy Eagle Football Holding's stake in Crystal Palace, the Premier League club said on Monday.

nL4N3SQ0VJ

** U.S.-based private equity firm Warburg Pincus is in talks to sell its stake in State Bank of India's  general insurance unit, Bloomberg News reported on Monday, citing people familiar with the matter. nL4N3SQ0U8

** C&S Wholesale Grocers said on Monday it would buy fellow food distributor SpartanNash SPTN.O for $1.77 billion including debt, looking to expand its supply chain and keep grocery prices low as inflation concerns rise in the United States. nL4N3SQ0TR

** Anthony Pompliano's crypto venture ProCap Financial will go public in the U.S. through a merger with blank-check vehicle Columbus Circle Capital Corp CCCM.O. nL4N3SQ0T9

 ** British healthcare real estate investor Assura  recommended rival Primary Health Properties'  new 1.79 billion pound ($2.4 billion) takeover bid, which trumps a lower offer from KKR  and Stonepeak Partners. nL6N3SQ09E

** Italian energy group Eni  has sold a 20% stake in its retail and renewables business Plenitude to U.S. alternative investment manager Ares Management Corp  for about 2 billion euros ($2.3 billion), it said. nL8N3SQ06Y

** Precision instruments maker Spectris  agreed to a 4.4 billion pound ($5.9 billion) debt-inclusive takeover deal by private equity firm Advent over a rival proposal from KKR , marking the biggest acquisition in Britain this year. nL4N3SQ0CX

 ** Prosus PRX.AS is "very confident" of securing early EU antitrust approval for its 4.1-billion-euro ($4.72 billion) acquisition of Just Eat Takeaway.com TKWY.AS. nL1N3SQ07D

** Oversea-Chinese Banking Corp OCBC.SI on Monday said that it has no intention to make another offer to buy the rest of Great Eastern GELA.SI in the future in the event shareholders opted to not delist the insurer from the Singapore bourse. nL4N3SQ0LP

** Britain's Spectris SXS.L has agreed to be acquired by private equity firm Advent in a deal valued at about 4.4 billion pounds ($5.91 billion), including debt, the companies said on Monday. nL6N3SQ099

 (Compiled by Rajarshi Roy and Apratim Sarkar in Bengaluru)

 ((Rajarshi.Roy@thomsonreuters.com))