Deals of the day-Mergers and acquisitions

St Barbara

10/12/2025 14:43

Adds: Mr Price, Mapletree Pan Asia Commercial Trust, WTW, International Finance Corporation Updates:

Dec 10 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1430 GMT on Wednesday:

** South African fashion retailer Mr Price MRPJ.J has agreed to buy NKD Group, a German-based discount retailer, for up to 487 million euros ($568 million), marking its entry into the European market.

nL1N3XG0BV

** Mapletree Pan Asia Commercial Trust  said it is offloading the office tower at Hong Kong's Festival Walk mall for HK$1.96 billion ($251.89 million), as part of its portfolio optimization amid a sluggish Greater China office market.

nL6N3XG0P0

** Insurance broker WTW  said it will acquire Newfront in a deal worth up to $1.3 billion, aiming to expand its reach in the U.S. middle-market through the brokerage.

nL4N3XG0PW

** The International Finance Corporation, a member of the World Bank Group, will acquire a circa 20% stake in the Ukrainian non-life insurance units of Vienna Insurance Group to support market growth and digitalisation, the insurer said .

nL6N3XG0GM

** France's Safran  said it had signed a definitive agreement to sell its in-flight entertainment unit Safran Passenger Innovations to U.S. investment firm Kingswood Capital Management.

nL6N3XG0GY

** Activist investor Elliott Investment Management has taken a 5.01% stake in Toyota Industries <6201.T>, a group firm that Toyota Motor <7203.T> is hoping to buy out, a regulatory filing showed.

nL6N3XG0DA

** Australia's St Barbara  said that Chinese gold producer Lingbao Gold Group <3330.HK> will buy a 50% stake in its subsidiary St Barbara Mining for A$370 million ($245.5 million) in cash.

nL6N3XG096

** Cash-strapped Hong Kong developer Lai Sun Development <0488.HK> has agreed to sell its 50% interest in an office tower in the city’s central financial district to e-commerce giant JD.com <9618.HK> for HK$3.5 billion ($450 million).

nL1N3XG028

 (Compiled by Rajarshi Roy and Koyena Das in Bengaluru)

 ((Rajarshi.Roy@thomsonreuters.com))