Deals of the day-Mergers and acquisitions

Subsea 7

25/09/2025 10:58

September 25 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Thursday:

** Italian energy group Eni  has completed the sale of a 30% stake in the Ivory Coast's Baleine offshore project to global commodity trader Vitol, it said in a statement.

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** HSBC <0005.HK> has agreed to sell its retail banking operations in Sri Lanka to local peer Nations Trust Bank, the lender said.

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** Citigroup  has agreed to sell a 25% stake in Grupo Financiero Banamex to a company owned by Mexican billionaire Fernando Chico Pardo and his family, marking a step toward Citi's plan to take the unit public.

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** Chongqing Qianli Technology <601777.SS> said its key shareholder has agreed to transfer a 3% company stake, valued at 1.34 billion yuan ($187.90 million), to Mercedes-Benz Group. .

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** Any final agreement between Italy's top insurer Generali GASI.MI and France's BPCE to combine their asset management businesses will be subject to prior approval by the insurer's board of directors, Generali said.

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** Shareholders in Italy's Saipem SPMI.MI approved on Thursday a planned merger with Norwegian rival Subsea7 SUBC.OL, paving the way to the creation of a leading global player in offshore energy services.

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 (Compiled by Rajarshi Roy and Parth Chandna in Bengaluru)

 ((Rajarshi.Roy@thomsonreuters.com and Parth.Chandna@thomsonreuters.com))