Deals of the day-Mergers and acquisitions

Veolia Environnement SA

07/05/2025 10:53

May 7 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Wednesday:

** 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 and Neil J Kanatt in Bengaluru)

 ((Neil.JKanatt@thomsonreuters.com))