Deals of the day-Mergers and acquisitions

Veolia Environnement SA

07/05/2025 21:50

Adds: Millennium, KoBold Metals, Techem, Grab

May 7 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday:

** Hedge fund Millennium Management is in talks with Goldman Sachs' GS.N Petershill Partners to identify potential buyers for a minority stake in its management company, the Financial Times reported on Wednesday.

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** California-based metals exploration company KoBold Metals said on Wednesday that it had agreed on a framework to buy AVZ Minerals' AVZ.AX interests in the Manono lithium deposit in the Democratic Republic of Congo.

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** Techem's sale to U.S. financial investor TPG TPG.O and sovereign wealth fund GIC has fallen through as the potential buyers withdrew registration of the deal with EU antitrust authorities on Wednesday, according to the EU Commission's website.

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** U.S.-listed ride-hailing and food delivery company Grab GRAB.O is looking to strike a deal to take over smaller Indonesian rival GoTo GOTO.JK in the second quarter, two sources with knowledge of the matter said.

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** Japanese drugmaker Shionogi 4507.T said that it will acquire Torii Pharmaceutical 4551.T, a subsidiary of Japan Tobacco 2914.T, for more than 150 billion yen ($1.05 billion).

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** French group Veolia VIE.PA said it will buy the 30% of shares in Water Technologies and Solutions (WT&S) that it does not already own from Quebec Deposit and Investment Fund (CDPQ) for $1.75 billion.

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** Aster Chemicals and Energy will acquire Chevron Phillips Singapore Chemicals through its affiliate Chandra Asri Capital, the companies said.

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** Infrastructure investment firm I Squared, midstream company MPLX LP MPLX.N, and pipeline operator Enbridge Inc ENB.TO have entered an agreement to acquire up to 85% interest in the Matterhorn Express gas pipeline, the companies said on Tuesday.

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** Samsung Electronics 005930.KS said its unit Harman International signed a deal to acquire U.S. firm Masimo's audio business for $350 million.

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** Global alternative asset manager TPG TPG.O will partner with Corpay CPAY.N to buy payments solutions provider AvidXchange AVDX.O and take it private in an all-cash deal worth $2.2 billion, the companies said on Tuesday.

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 (Compiled by Rajarshi Roy, Neil J Kanatt and Jaiveer Shekhawat in Bengaluru)

 ((Jaiveersingh.shekhawat@thomsonreuters.com))