Deals of the day-Mergers and acquisitions

SUMITOMO CHEMICAL

09/10/2025 10:50

October 9 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Thursday:

** Lloyds Banking Group  said it would buy out Schroders'  49.9% stake in the wealth joint venture formed by the two firms in 2019.

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** SoftBank's <9984.T> payments app operator PayPay Corp has acquired a 40% equity stake in Binance Japan, the Japanese subsidiary of Binance said, without disclosing details of the transaction.

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** Saudi Aramco <2222.SE> said it had completed the acquisition of a 22.5% stake in its refining and petrochemicals joint venture Petro Rabigh <2380.SE> from Japan's Sumitomo Chemical <4005.T> for 2.63 billion riyals ($701.8 million), part of a turnaround plan for the loss-making venture.

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** Brown & Brown (Europe) has acquired the entire share capital of UK digital insurance broker All Medical Professionals Limited (AMP).

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 (Compiled by Sahil Pandey and  Rajarshi Roy in Bengaluru)

 ((Sahil.Pandey@thomsonreuters.com))