Deals of the day-Mergers and acquisitions

SUMITOMO

26/08/2026 10:59

August 26 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Wednesday:
     
** France's BNP Paribas BNPP.PA and South Korea's KB Kookmin Bank are in separate talks to acquire at least a 15% stake in Vietnam's Techcombank TCB.HM as strategic investors, in a deal that could be worth $2 billion, two sources said.
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** Property developer Ingenia Communities INA.AX  offered to buy Peet PPC.AX in a deal valuing the residential property developer at A$992.5 million ($710.93 million), to expand its presence in the Australian housing market.
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** FleetPartners FPR.AX said it had received an A$813.1 million ($582.3 million) offer from a consortium led by Japan's Sumitomo Corp 8053.T, making it the fourth bidder for the Australian vehicle leasing firm in less than a month.
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** India's Tilaknagar Industries TILK.NS is open to another large deal after its nearly $500 million purchase of the Imperial Blue whisky brand from Pernod Ricard PERP.PA, a top executive said, as consolidation gathers pace in India's liquor market.
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(Compiled by Rajarshi Roy and Pragyan Kalita in Bengaluru)
((Rajarshi.Roy@thomsonreuters.com))