Deals of the day-Mergers and acquisitions

Teleflex Incorporated

27/02/2025 21:11

Adds: Arthur J Gallagher, NFP, Prada, Greek Alpha Bank and Monte dei Paschi

Feb 27 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Thursday:

** Italian tycoon Francesco Gaetano Caltagirone has increased his stake in Banca Monte dei Paschi (MPS) BMPS.MI to 8%, Italian daily La Stampa reported on its website.

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** Greek Alpha Bank Services and Holdings ACBr.AT said it has reached a binding agreement to buy small Cypriot bank AstroBank for about 200 million euros.

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** Numerous fashion companies are potentially interested in buying Versace, Miuccia Prada, owner of the Italian luxury group Prada 1913.F, said.

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** Aon-owned NFP has acquired Lyons Insurance Agency, a multidisciplinary insurance broker located in Wilmington, Delaware.

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** Arthur J Gallagher has acquired São Paulo, Brazil-based Case Group, an employee and health benefits brokerage and consulting firm.

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** Medical device maker Teleflex TFX.N said it would buy Germany-based Biotronik's blood vessel device unit for about 760 million euros ($796.3 million) in cash.

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** Australia approved Qatar Airways buying a 25% stake in Virgin Australia IPO-VIR.AX from U.S. private equity firm Bain Capital, posing a challenge for national flag carrier Qantas  that has long dominated Australian air routes.

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 (Compiled by Rajarshi Roy, Kamal Choudhury and Anuja Bharat Mistry in Bengaluru)

 ((AnujaBharat.Mistry@thomsonreuters.com))