Deals of the day-Mergers and acquisitions

Novartis AG

27/03/2026 09:35

March 27 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Friday:

** Angola's Etu Energias has signed a deal with BP  and Eni's  Azule Energy to buy stakes in two offshore projects, the companies said in separate statements.

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** Russia's federal property management agency Rosimushchestvo said it may put a state's stake in gold producer Uzhuralzoloto (UGC)  up for auction in April.

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** Swiss drugmaker Novartis  said it will buy California-based biotech company Excellergy in a deal worth up to $2 billion, the second sizeable acquisition it has announced in as many weeks.

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 (Compiled by Rajarshi Roy and Kamal Choudhury in Bengaluru)

 ((Rajarshi.Roy@thomsonreuters.com))