Deals of the day-Mergers and acquisitions

Sapphire Foods India

02/01/2026 16:20

Adds: Ergo International

Jan 2 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1615 GMT on Friday:

** Munich Re subsidiary Ergo International has completed the acquisition of ADB Gjensidige, including its branches in Estonia and Latvia, the company said. nL6N3Y30C4

** India's KFC, Pizza Hut operator Devyani International DEVY.NS jumped as much as 8.3% after announcing the long-anticipated $934 million merger with smaller peer Sapphire Foods SAPI.NS, creating a fast-food major poised to challenge market leader Jubilant Foodworks. nL4N3Y3046

** Bain Capital is buying a 43.66% stake in South Korea's Echo Marketing 230360.KQ, which owns local activewear brand Andar, from its founder and another shareholder for 216.6 billion won ($150.14 million), Echo said in a regulatory filing.    nL1N3Y3029

** Australia's Nickel Industries  said that South Korea's Sphere Corp <347700.KQ> would buy a 10% stake in the Excelsior Nickel Cobalt high-pressure acid leach project in Indonesia at a $2.4 billion valuation.

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 (Compiled by Rajarshi Roy and Parth Chandna in Bengaluru)

 ((Rajarshi.Roy@thomsonreuters.com))