Deals of the day-Mergers and acquisitions

Kiwetinohk Energy

28/10/2025 20:04

Adds Stellantis, Leonardo, ANE, Uber and Foxconn

Oct 28 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday:

** Stellantis STLAM.MI said on Tuesday it has partnered with Nvidia NVDA.O, Uber UBER.N and Foxconn 2354.TW to explore the joint development of autonomous vehicles, aiming to tap into the booming demand for self-driving cars.nL4N3W92BE

** Italy's aerospace and defence group Leonardo LDOF.MI said on Tuesday it was selling a 9.4% stake in rocket maker Avio AVI.MI through an accelerated bookbuilding to institutional investors.nL6N3W90ZU

** ANE (Cayman) 9956.HK said on Tuesday a consortium comprising its largest shareholder, Centurium Capital, Singapore's Temasek and True Light have offered to take it private in a deal valuing the transportation and delivery services group at HK$14.33 billion ($1.84 billion).nL6N3W90VT

** U.S.-based private equity investor Advent International's affiliate Jomei Investments has exited its entire 2% equity stake in India's Aditya Birla Capital ADTB.NS, exchange data showed on Tuesday.nL4N3W91R6

**  The head of Thyssenkrupp's steel business, Dennis Grimm, has decided to leave the division, two people familiar with the matter said on Tuesday, robbing the unit of its leader as talks over a sale to India's Jindal Steel International continue.nL8N3W92BG

** Europe's biggest telecommunications companies urged the head of the European Commission on Tuesday to loosen EU merger rules, a move they said would boost much-needed investments in digital infrastructure and help them compete with U.S. and Asian peers.nL1N3W90PR

** French media group Banijay  will buy a majority stake in betting firm Tipico from private equity group CVC , it said, in a move that will create one of Europe's biggest online gaming operators.

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** Searchlight Cyber has acquired cyber risk management company Intangic, in a deal that the UK-based dark web intelligence company said will deepen its cyber risk quantification expertise.

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** GreenTriangle, a Swiss startup providing technology for crop insurance, including parametric covers, has been acquired by French claims specialist Groupe Saretec.

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** Private equity firm Boyu Capital has emerged as the frontrunner to buy a controlling stake in Starbucks'  China business in a deal that could value the unit at more than $4 billion, Bloomberg News reported.

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** Skyworks Solutions  will buy smaller rival Qorvo , they said, forming a $22 billion combined company that supplies radio-frequency chips to Apple  and other smartphone makers.

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** Privately held Cygnet Energy will acquire Kiwetinohk Energy  in an all-cash deal valued at C$1.4 billion ($998.29 million), including debt, the companies said, creating a larger Montney and Duvernay operator

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** Ryan Specialty RYAN.N has acquired Canadian managing general underwriter Stewart Specialty Risk Underwriters (SSRU) in a deal that will see London-listed venture capitalist BP Marsh BPM.L receive C$51.9 million ($37.1 million) for its 28.2% shareholding in the firm.

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** U.S. investment firm Long Path agreed to take British software provider Idox  private in a 339.5 million pound ($438 million) deal, offering shareholders 71.5 pence per share in cash.

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** Barclays will buy U.S. personal loan originator Best Egg for $800 million, the British bank said, as it tries to add scale in its personal banking business in the United States.

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** Skyworks Solutions , which supplies radio frequency chips to Apple  and other smartphone makers, held talks in recent months to buy rival Qorvo , The Information reported, citing people familiar with the matter.

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** FirstSun Capital Bancorp  will buy First Foundation  in an all-stock deal valued at $785 million, the companies said on Monday, as mergers and acquisitions within regional banks accelerate amid credit concerns in the sector and macroeconomic uncertainties.

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** SAP , Europe's largest software provider, offered to buy accounting software firm BlackLine  for nearly $4.5 billion in June but was rebuffed and is now considering whether to pursue the company again, according to a copy of the offer letter reviewed by Reuters and a person familiar with the matter.

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 (Compiled by Rajarshi Roy and Anhata Rooprai and Dharna Bafna in Bengaluru)

 ((Anhata.Rooprai@thomsonreuters.com))