Deals of the day-Mergers and acquisitions

Metro Bank Holdings

26/02/2025 10:50

Feb 26 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Wednesday:

** Switzerland-based pesticides maker Syngenta said that it has acquired a repository of natural compounds and genetic strains from drugmaker Novartis NOVN.S to further boost the development of biologic crop protection.

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** Italian lender UniCredit  has reported its planned acquisition of a 29.99% minority stake in Germany's Commerzbank  to the German Cartel Office for assessment, a spokesperson for the regulator said.

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** Copenhagen Infrastructure Partners has agreed to buy an offshore wind project in Britain from COBRA Group and Flotation Energy, the fund manager said.

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** State-owned China International Capital Corp (CICC) <3908.HK> is set to merge with its peer China Galaxy Securities <6881.HK>, said five sources, in a deal that would create the country's third-largest brokerage with $193 billion in assets.

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** British lender Metro Bank  said it has signed an agreement to sell a portfolio of about 584 million pounds ($738.88 million) of unsecured personal loans.

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** Japan Post Holdings 9070.T said that a subsidiary offered to acquire Japanese logistics company Tonami Holdings 9070.T for about 92.6 billion yen ($619 million).

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** Private equity firm Roark Capital has signed a deal to acquire Dave's Hot Chicken for roughly $1 billion, according to sources familiar with the matter, in a deal that will reinforce its foothold in the restaurant industry.

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** UAE telecoms group e& EAND.AD said that it had agreed to sell its 40% stake in Khazna Data Center Holdings for $2.2 billion, as part of a deal struck with artificial intelligence company G42.

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** Contract drug manufacturer Thermo Fisher Scientific TMO.N said on Tuesday it will buy Solventum's  purification and filtration business for about $4.1 billion, sending the latter's shares up around 9%.

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 (Compiled by Rajarshi Roy and Kamal Choudhury in Bengaluru)

 ((Rajarshi.Roy@thomsonreuters.com;))