Deals of the day-Mergers and acquisitions

Sembcorp Industries

11/12/2025 14:51

Adds: Sembcorp Industries, Anadolu Isuzu, Lukoil, Broadcom, Banco BPM; Updates: BlackRock

Dec 11 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1430 GMT on Thursday:

** Sembcorp Industries  said its unit will acquire Alinta Energy for A$6.5 billion ($4.32 billion), marking one of the largest overseas expansions for the Singaporean company.

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** Turkey's Anadolu Isuzu  has acquired a 75.2% stake in previously state-owned carmaker SamAuto for $80 million, Uzbek authorities said. nL1N3XH0EE

** BlackRock  has sold a 7.1% stake in Spanish gas utility Naturgy  for around 1.7 billion euros ($1.99 billion) through an accelerated bookbuild placement managed by JPMorgan, the firm said.nL1N3XH073

** UBS Fund Management  has acquired 10.3% of the voting rights in packaging company SIG Group , the Swiss stock exchange operator SIX said. nL8N3XH08B

** Russia's Lukoil favours U.S. bank Xtellus Partners' bid for its global assets over a dozen rival bids, as it takes the form of a cashless deal that would return U.S.-held securities to the Russian oil company, two sources familiar with the process said. nL1N3XG0OR

** EU antitrust regulators failed to analyse properly the risks of Broadcom's AVGO.O $69 billion acquisition of cloud computing firm VMware before clearing the deal, the Cloud Infrastructure Services Providers in Europe (CISPE) has told Europe's second-highest court. nL1N3XH0DL

** Banco BPM BAMI.MI Chief Executive Giuseppe Castagna said on Thursday his bank had not examined any deal with France's Credit Agricole CAGR.PA and had nothing on the table regarding Monte dei Paschi di Siena BMPS.MI, though any future opportunity would be assessed carefully. nS8N3W90I3

** British insurer Prudential  said it has sold a 4.5% stake in ICICI Prudential Asset Management  for 49 billion rupees (about $545 million) ahead of the Indian fund manager's $1.2 billion IPO that opens on Friday. nL4N3XH08D

** Trade finance company Raistone, a creditor of First Brands, is nearing a deal to sell itself to investment firm Marblegate Asset Management, the Financial Times reported on Wednesday, citing people familiar with the matter. nL4N3XH01K

** Rheinmetall AG  CEO Armin Papperger is making a fresh pitch to buy part of rival KNDS NV and create a European land defense company that would consolidate the continent's fragmented market, Bloomberg reported on Wednesday, citing sources with knowledge of the matter. nFWN3XG0DV

** Acrisure has agreed to acquire Vave, a technology-focused underwriting MGA, from specialty insurer Canopius Group, as the U.S. fintech giant expands its underwriting footprint, the company said on Wednesday. nL6N3XG0XP

 (Compiled by Rajarshi Roy and Koyena Das in Bengaluru)

 ((Rajarshi.Roy@thomsonreuters.com))