Deals of the day-Mergers and acquisitions

Reliance Infrastructure

05/09/2025 14:38

Adds: Reliance Infrastructure; Updates: BBVA

Sept 5 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Friday:

** Spain's BBVA  said that its 14.9 billion euro ($17.44 billion) mostly share-based hostile bid for smaller rival Sabadell  is scheduled to begin on Monday, following approval from Spain's market regulator.

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** Reliance Infrastructure  said its unit would sell a 2% stake in its Indian joint venture to its partner, Dassault Aviation , making the French fighter plane maker a majority owner of the firm with a 51% stake. nL4N3US0N2

** Activist investor Starboard Value owns an 8% stake in BILL Holdings  and may run a boardroom challenge to push for changes at the financial automation software company that serves small and midsize businesses around the world, two sources familiar with the matter told Reuters. nL1N3UR0RT

**  E.ON  will sell its Czech subsidiary Gas Distribution s.r.o to GasNet, a subsidiary of Czech electricity company CEZ Group , the German utility said.  nFWN3UR1EP

** Mexican lender Banorte  will sell its digital bank unit Bineo to financial technology firm Klar, it said in a filing on Thursday, giving the young startup access to its much-coveted banking license. nL1N3UR140

** Cadence Design  said on Thursday it will buy the design and engineering business of Stockholm-based Hexagon AB  for 2.7 billion euros ($3.16 billion), to expand its customer base and scale up its product portfolio. nL4N3UR1E4

 (Compiled by Rajarshi Roy and Ateev Bhandari in Bengaluru)

 ((Ateev.Bhandari@thomsonreuters.com))