Deals of the day-Mergers and acquisitions

United Spirits

20/06/2025 14:47

Adds Strathcona Resources, ArcelorMittal, Metro Bank and Banco BPM; updates Couchbase and Athora Holding

June 20 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday:

** The executive chair of Canadian oil and gas producer Strathcona Resources SCR.TO said the company will not consider upping its offer for MEG Energy MEG.TO unless the oil sands firm engages to explain why it is worth a higher valuation. nL6N3SN0JP

** ArcelorMittal MT.LU, the world's second-largest steelmaker, said it signed a deal to sell its operations in Bosnia and Herzegovina, comprising a steel mill and an iron ore mine, to the Bosnia-based Pavgord Group. nL1N3SN0EE

** Colombian billionaire Jaime Gilinski Bacal is open to selling his majority stake in British lender Metro Bank and has received interest from investors, two people with knowledge of the matter said. nL8N3SL1DT

** UniCredit CEO Andrea Orcel CRDI.MI told an Italian daily on Friday the bank was likely to withdraw its offer for smaller peer Banco BPM BAMI.MI, a day after receiving European antitrust approval for the $16.4 billion deal. nL8N3SN02U

** Haveli Investments will acquire Couchbase BASE.O for about $1.5 billion, the companies said, as the private equity firm looks to capitalize on the artificial intelligence-focused database company's platform. nL4N3SN0SX

** Athora Holding is in talks to buy Pension Insurance Corporation in a deal that could value the UK-based specialist insurer at up to 5 billion pounds ($6.75 billion), Sky News reported. nL4N3SN0TV

** China's Geely <0175.HK> said it and its parent Geely Holding  would take a combined 26.4% stake in a joint venture controlled by its French partner Renault  as the two seek to produce and sell cars jointly in Brazil. nL4N3SN0JU

** Marco Capital Holdings has acquired R&Q Gamma for undisclosed terms, the legacy specialist is expected to announce later today. nL6N3SN08V

** Billionaire Brad Jacobs' new building-products distributor QXO  made an offer to acquire GMS  for about $5 billion in cash and said it will proceed with a hostile takeover if the company's management rejects the proposal. nL4N3SL1LN

** Renewable energy firm Emeren Group  said it will go private in a $102.6-million deal with a company backed by its chairman, Himanshu Shah. nL1N3SM0I7

** India's United Spirits  said it is buying the maker of popular craft gins 'Greater Than' and 'Hapusa' in a deal valued at 1.3 billion rupees ($15.2 million), including debt, in a bid to boost its premium portfolio. nL4N3SM0W0

** Fox Corp  has acquired sports-focused streaming platform and television channel Caliente TV to expand its sports broadcasting presence in Mexico. nL4N3SM0VA

** Germany's Allianz  said it had agreed to buy French direct insurer Eurofil, a move that would make its subsidiary Allianz Direct the third-largest direct insurer in France. nL8N3SM0HD

** Japan's TDK <6762.T> said it has acquired U.S.-based SoftEye, which makes software and hardware for smart glasses, as the smartphone battery maker looks for growth drivers linked to artificial intelligence. nL1N3SM06P

** Billionaire Mike Ashley's Frasers Group  said it will not make an offer for struggling British cosmetics group Revolution Beauty . nL6N3SM09V

 (Compiled by Rajarshi Roy,  Christy Santhosh and Aatreyee Dasgupta in Bengaluru)

 ((Christy.Santhosh@thomsonreuters.com))