Deals of the day-Mergers and acquisitions

QXO

11/02/2026 14:39

Adds: BP, QXO; Updates: TIM SA, Netflix-Warner

Feb 11 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1430 GMT on Wednesday:

**  BP BP.L has sold a 10% stake in its Shafag solar project in Azerbaijan to Hungary's MVM Energetika Zrt, the oil major said. nL6N3Z70M2

** Brazilian telecoms operator TIM SA TIMS3.SA board approved a share purchase agreement with IHS Fiber Brasil to buy 51% of the total share capital of I-Systems for 950 million reais ($182.75 million), the company said. nL1N3Z70EJ

** Construction supplies distributor QXO QXO.N said it has agreed to buy Kodiak Building Partners from private equity firm Court Square Capital in a stock-and-cash deal valued at about $2.25 billion.nL4N3Z70US

** Dubai Electricity and Water Authority DEWA.DU said it has acquired Dubai Holding's entire 24% stake in Emirates Central Cooling Systems EMPOWER.DU for 5.18 billion dirhams ($1.41 billion), lifting its holding to 80%. nL6N3Z707A

** Picton Property Income PCTN.L said LondonMetric Property LMPL.L has expressed interest in the real estate investment trust, which is conducting a formal sale process as part of its ongoing strategic review. nL6N3Z70GC

** Activist investor Ancora Holdings has built a stake in Warner Bros Discovery WBD.O and plans to oppose the media company's deal with Netflix for its studios and streaming assets, in the latest twist to the heated Hollywood takeover battle. nL4N3Z70ZV

** Singapore-based consumer dental firm Zenyum and India's MakeO Toothsi said that they were planning to merge, aiming to create what they called Asia's leading consumer dental company spanning markets from the Middle East to Japan. nL1N3Z60CX

** Spanish telecoms giant Telefonica TEF.MC said on Tuesday it has sold its mobile unit in Chile to French holding company NJJ and Luxembourg-based Millicom, both owned by billionaire Xavier Niel, in line with Telefonica's strategy of divesting from Latin America to focus on its core markets. nL8N3Z61PY

 (Compiled by Rajarshi Roy and Megavarshini G. Somasundaram in Bengaluru)

 ((Rajarshi.Roy@thomsonreuters.com))