Deals of the day-Mergers and acquisitions

Kirin Holdings Co

24/10/2025 14:37

Adds: Standard Chartered, FG Nexus Updates:

Oct 24 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Friday:

** Standard Chartered  has agreed to sell its wealth and retail banking business in Uganda to South African lender Absa Group  for an undisclosed amount, the companies said.

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** FG Nexus has agreed to sell a majority stake in FG Reinsurance and FG Re Solutions to Devondale Holdings for $3 million in cash, a $1.25 million note and 40% equity ownership of Devondale.

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**  The Swiss National Bank has sold its stake in Anglo-Australian miner Rio Tinto , , adding to a series of recent divestments from companies in extractive industries, LSEG data shows.

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** Japanese brewer Kirin <2503.T> has put its Kentucky bourbon brand Four Roses up for sale for $1 billion, the Financial Times reported, citing people familiar with the matter.

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** Australia's GPT Group said that it is acquiring a 50% stake in Sydney's iconic Grosvenor Place office tower for A$860 million ($558.83 million), forming a new partnership with the Commonwealth Superannuation Corp.

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** Nicolet Bankshares  is acquiring MidWestOne Financial Group  for $864 million in stock, in one of the bigger bank deals of the year.

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 (Compiled by Sahil Pandey and Rajarshi Roy in Bengaluru)

 ((Sahil.Pandey@thomsonreuters.com))