Deals of the day-Mergers and acquisitions

Indra Sistemas SA

19/03/2026 19:56

Adds OpenAI, Jeronimo Martins, Ecolab, Indra, OMV

March 19 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Thursday:

** Spanish defence company Indra IDR.MC said that Escribano Mechanical and Engineering had withdrawn from the possible acquisition of EM&E by Indra.

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** Ecolab ECL.N is nearing a deal to acquire data center cooling company CoolIT Systems from KKR KKR.N for between $4.5 billion and $5 billion, the Wall Street Journal reported, citing people familiar with the matter.

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** Legal data company Relativity has confidentially filed for a U.S. initial public offering, the company said, against the backdrop of investor caution for new listings.

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** Abu Dhabi National Oil Company and Austria's OMV OMVV.VI expect to complete by the end of March a mega-merger to create a
global chemicals giant
, the companies said, after years of talks.

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** Italian energy group Eni ENI.MI said it was raising the top end of its distribution range for the next five years and would pay an extraordinary dividend if energy prices exceed its forecast.

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** Poland's largest food retailer, Biedronka, owned by Jeronimo Martins JMT.LS, is interested in acquiring many of Carrefour's CARR.PA Polish assets should the French retail group put them up for sale, Biedronka's CEO said.

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** OpenAI said it will acquire Python toolmaker Astral, as the ChatGPT owner looks to strengthen its portfolio against rival Anthropic and gain more share in the artificial intelligence coding tools market.

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** Philip Morris International  has sold its stake in Swedish Match do Brasil, which controls the Brazilian Fiat Lux brand, Folha de S.Paulo reported without disclosing financial details.

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** 3M  will spin off its Scott Safety business and team up with Bain Capital to buy Madison Fire & Rescue for $1.95 billion, combining the two to create a fire and safety joint venture that will expand the industrial giant's safety portfolio.

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** Container shipping giant Mediterranean Shipping Company is to a buy 50% stake in South Korean shipping firm Sinokor, according to a public filing in Cyprus.

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** BP BP.L said it would sell its German oil refinery site in Gelsenkirchen to investment firm Klesch Group for an undisclosed sum and raised its cost reduction target, in the latest move to simplify its portfolio and shore up its balance sheet.

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** British defense contractor BAE Systems BAES.L will sell its remaining stake in Kazakhstan's Air Astana AIRA.KZ, the Kazakh company said.

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 (Compiled by Rajarshi Roy, Varun Sahay and Sanskriti Shekhar in Bengaluru)

 ((Varun.sahay@thomsonreuters.com))