Deals of the day-Mergers and acquisitions

Sojitz

30/09/2025 10:45

Sept 30 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Tuesday:

** Japan's Nippon Steel 5401.T reported it had bought a 30% stake in Canada's Kami iron ore project, forming a joint venture with Australia's Champion Iron CIA.AX and Sojitz 2768.T to secure high-grade ore supplies for direct reduced iron.nL2N3VH09A

** TKMS, the defence business that German conglomerate Thyssenkrupp aims to spin off this autumn, plans to raise its profit margin to more than 7% to close a gap with rivals, banking on soaring military demand amid fears of Russian aggression.nL5N3VH098

** Australian natural gas producer Tamboran Resources TBN.AX has inked an agreement to acquire Irish oil and gas firm Falcon Oil & Gas FO.V in a cash-plus-stock deal valued at C$239 million ($171.81 million), the two companies reported.nL6N3VH0G0

** Cosmetics maker Coty COTY.N has launched a strategic review of its consumer beauty business, it said, as it plans to focus on the more profitable fragrances unit.nL3N3VH0DI

** Australia's Seven West Media SWM.AX said it would merge with Southern Cross Media SXL.AX to create a A$417 million ($273.97 million) metropolitan and regional media group to better compete with global streaming platforms.nL3N3VG1I6

** Turkish Airlines THYAO.IS and Bahrain's flag-carrier Gulf Air have signed a memorandum of understanding to boost cooperation, Turkey's flag-carrier said, adding the accord aimed to drive mutual growth and business development.nL5N3VH0BD

** Kuwait has started accepting bids for a three-part U.S. dollar-denominated bond offering with 3-year, 5-year and 10-year maturities, fixed income news service IFR reported.nL2N3VH05S

** Vopak VOPA.AS has entered into an exclusive agreement with shipping firm Seapeak to provide a floating and regasification unit for its liquefied natural gas import terminal project in Australia, the Dutch tank storage firm reported.nL6N3VH06P

 (Compiled by Dharna Bafna in Bengaluru)

 ((Dharna.Bafna@thomsonreuters.com;))