Deals of the day-Mergers and acquisitions

JX Advanced Metals

16/12/2025 14:47

Adds: California Pizza Kitchen Updates: JX Advanced Metals

Dec 16 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1430 GMT on Tuesday:

** Japan's JX Advanced Metals <5016.T> said its Pan Pacific Copper (PPC) unit sold its entire stake in the undeveloped Quechua copper project in Peru to Swiss trader and miner Glencore  for an undisclosed sum.

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** An investor group led by Consortium Brand Partners is buying California Pizza Kitchen and has tapped the CEO of Convive Brands to run its restaurants, the company told Reuters , five years after the chain's pandemic-driven bankruptcy.

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** Morocco's leading port operator, Marsa Maroc, said it signed a deal to acquire a 45% stake in Spain's Boluda Maritime Terminals (BMT), a branch of Spain's Boluda Corporacion Maritima, for 80 million euros ($94.01 million).

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** Kering , the owner of luxury brand Gucci, said it had agreed to sell a 60% stake in a prime New York property to private equity firm Ardian, raising $690 million in cash.

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** TotalEnergies  has agreed to sell an indirect stake of almost 10% in a Malaysian offshore gas block to Thailand’s state-backed PTTEP for an undisclosed sum, the French oil major said.

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** Abu Dhabi National Oil Company (ADNOC) has acquired a controlling 95% stake in Covestro, the German chemicals maker said on Monday in a regulatory filing.

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** World Insurance Associates acquired Lakewood, New Jersey-based The Fidella Agency on September 1, the broker announced on Monday.

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** Holcim  has agreed to pay $550 million for a majority stake in Peruvian building materials maker Cementos Pacasmayo , it said, the Swiss company's biggest ever acquisition in Latin America.

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** Activist investment firm Kimmeridge Energy Management has submitted a $6 billion offer to buy Ascent Resources, the Financial Times reported.

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** Wall Street giant Citigroup  said on Monday it had completed the sale of a 25% stake in its Grupo Financiero Banamex to a company owned by Mexican billionaire Fernando Chico Pardo and his family.

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** Services firm WSP Global  said on Monday it will acquire U.S. power and energy firm TRC Companies in a $3.3 billion all-cash deal.

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 (Compiled by Rajarshi Roy and Katha Kalia in Bengaluru)

 ((Rajarshi.Roy@thomsonreuters.com))