Deals of the day-Mergers and acquisitions

StoneCo

28/02/2025 14:39

Adds: Alat, MPLX Updates:

Feb 28 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1430 GMT on Friday:

** Saudi Arabia's new advanced industries firm Alat has bought a 15% stake in Germany's TK Elevator and unveiled a 160 million euros ($166.62 million) joint venture for elevators and escalator solutions, the companies said on Monday

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** Midstream company MPLX
MPLX.N
 said it would buy the remaining 55% interest in the BANGL natural gas pipeline from the affiliates of WhiteWater and Diamondback Energy
FANG.O
 for $715 million, as it looks to increase its Permian footprint

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** Credit Agricole  has acquired a 5.2% direct stake in Banco BPM  through Deutsche Bank, two sources with knowledge of a regulatory filing told Reuters

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** Brazilian software company Totvs  said on Thursday it has decided to withdraw from the competitive process to buy StoneCo's  unit Linx, according to a securities filing

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 (Compiled by Rajarshi Roy and Siddhi Mahatole in Bengaluru)

 ((siddhi.mahatole@thomsonreuters.com))