Deals of the day-Mergers and acquisitions

Reckitt Benckiser

24/07/2026 14:35

Adds: BP, updates: Commerzbank
The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Friday:
     
** BP <BP.L> is in advanced talks to sell its solar business, Lightsource, to a consortium backed by Kuwait's sovereign wealth fund, the Financial Times reported on Friday, citing people familiar with the matter.
nL4N43Q12W
     
** Commerzbank CBKG.DE Chairman Jens Weidmann on Friday invited UniCredit CRDI.MI to open talks over the terms of a merger, as the German lender dropped any remaining resistance to the unwanted Italian takeover and focused on extracting concessions.. 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))