Deals of the day-Mergers and acquisitions

RBL Bank

20/10/2025 14:49

Oct 20 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Monday:

** Holcim  said it will buy German walling systems maker Xella for 1.85 billion euros ($2.16 billion), a move aimed at tapping the growing European building refurbishment market.nL5N3W103B

** Gucci owner Kering  said on Sunday it has agreed to sell its beauty business to L'Oreal  for 4 billion euros ($4.66 billion), in a major shift in strategy by new CEO Luca de Meo as he moves to tackle the luxury group's high debt and refocus on its core fashion business. nL2N3W004J

** Activist investor Jana Partners has built a stake in medical device maker Cooper Companies  and plans to push for strategic alternatives, two sources familiar with the matter said on Sunday. nL3N3W100I

** Australia's Larvotto Resources  said it had received a non-binding indicative offer from United States Antimony Corporation (USAC), valuing the miner at about A$722.9 million ($469.88 million). nL6N3W006S

** Middle Eastern bank Emirates NBD  will buy a 60% stake in Indian private lender RBL Bank  for $3 billion, in the largest cross-border acquisition in India's financial sector. nL1N3VZ03G

(Compiled by Sahil Pandey and Rajarshi Roy in Bengaluru)

((Sahil.Pandey@thomsonreuters.com))