Deals of the day-Mergers and acquisitions

SUMITOMO CHEMICAL

09/10/2025 14:41

Adds:  Equal Parts, Novo Nordisk  Updates:

October 9 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Thursday:

** Artificial intelligence-focused broker consolidator Equal Parts announced that it has acquired Albuquerque-based Strategic Insurance.

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** Novo Nordisk NVOb.CO  said on Thursday it would buy U.S.-based Akero Therapeutics AKRO.O for up to $5.2 billion to gain access to a promising liver disease drug candidate, in the first major deal by the Danish drugmaker's new CEO to boost growth.

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** Lloyds Banking Group LLOY.L said it would buy out Schroders' SDR.L 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))