Deals of the day-Mergers and acquisitions

SIG AG

11/12/2025 10:49

Dec 11 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Thursday:

** 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.

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

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** 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.

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** 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.

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** Rheinmetall AG  Chief Executive Officer 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.

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** 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.

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 (Compiled by Rajarshi Roy and Koyena Das in Bengaluru)

 ((Rajarshi.Roy@thomsonreuters.com))