Deals of the day-Mergers and acquisitions

Kolte-Patil Developers

13/03/2025 20:06

Adds: Reggeborgh, BP, Viridium; Updates: Mallinckrodt

March 13 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:

** Dutch investment fund Reggeborgh said it had taken a 3.04% stake in Dutch bank ABN Amro ABNd.AS, one of the three dominant lenders in the Netherlands, which just published better than expected quarterly results.

nL1N3PW0SJ

** BP BP.L is seeking to sell 50% of its solar unit Lightsource bp to a strategic partner for cash and a commitment of future investments, with bids due in June, the energy major said in a sales document seen by Reuters.

 nL6N3PW0K6

** An Allianz-led consortium is close to winning a bid for Germany's largest life insurance administrator Viridium, being sold by financial investor Cinven in a 3.5 billion euros ($3.80 billion) deal expected to be finalised next week, two industry sources said.

nL8N3PW1UJ

** Mallinckrodt MCKPF.PK and Endo NDOI.PK, drugmakers which recently emerged from bankruptcy after a wave of U.S. opioid lawsuits, announced plans Thursday to join forces in a deal valued at $6.7 billion.

nL4N3PW0S7

** U.S. investment firm Blackstone  will purchase a 40% stake in Indian real estate developer Kolte-Patil Developers  in a deal worth 11.67 billion rupees ($134 million), the latter said .

nL4N3PW0TX

** Spanish construction giant Ferrovial  agreed to buy a 5.06% stake in motorway 407 ETR in Canada for C$2.09 billion ($1.45 billion) from Canadian rival AtkinsRealis .

nL8N3PW0SE

** The pan-European exchange group Euronext  agreed to acquire Admincontrol from Norwegian IT consulting firm Visma for 4.65 billion Norwegian crowns ($436.03 million), the company said.

nL8N3PW0CC

** Spanish telecom company Telefonica  agreed to sell its stake in its Colombian unit to Millicom  for $400 million, as part of a strategy to gradually reduce its exposure to Latin America, it said on Wednesday.

nL8N3PW0BD

 (Compiled by Kritika Lamba, Rajarshi Roy and Neil J Kanatt in Bengaluru)

 ((Neil.JKanatt@thomsonreuters.com))