Deals of the day-Mergers and acquisitions

Reckitt Benckiser

24/07/2026 11:21

The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Friday:

** Commerzbank said it would enter talks with UniCredit to buy the German bank, ending months of resistance to the unwanted Italian takeover offer. nL8N43Q0L4

** Dutch engineering consultancy group Arcadis <ARDS.AS> said on Friday it had received a second unsolicited takeover bid from Canadian peer WSP Global <WSP.TO>, confirming a Reuters report from Thursday. nL8N43Q0DO

** Allianz said on Friday it had agreed to acquire HSBC's life insurance business in Singapore for S$2.7 billion ($2.1 billion), further expanding the German insurance group’s operations in Asia nL6N43Q0HU

** Reckitt Benckiser <RKT.L> on Friday agreed to sell its Russian hygiene business to local consumer goods manufacturer Arnest Management, as the British company continues to reduce its presence in Russia. nL4N43Q0DZ

** HSBC <0005.HK> <HSBA.L> has agreed to sell its life and health insurance business in Singapore to Allianz <ALVG.DE> for S$2.7 billion ($2.1 billion), as it trims non-core operations and focuses on its Asian wealth and wholesale banking operations. nL4N43P2PN

** Safety Insurance Group <SAFT.O> said on Thursday that an affiliate of Spanish insurer Mapfre will buy the company in an all-cash deal valued at about $1.54 billion, sending its shares up 36.4% at $99.52 after the bell. nL4N43P2N8

** Boston-based Safety Insurance Group has agreed to be acquired by an affiliate of Mapfre in an all-cash transaction valued at approximately $1.54 billion. nL6N43P1G1

 (Compiled by Rajarshi Roy and Neil J Kanatt in Bengaluru)
 ((Neil.JKanatt@thomsonreuters.com))