Deals of the day-Mergers and acquisitions

Reuters
2024-10-25

Oct 25 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Friday:

** Air France-KLM wants to take part in the privatisation of Portugal's carrier TAP and is open to various options the government may offer, including purchasing a minority stake, a source familiar with the matter told Reuters.

** Abu Dhabi's ADNOC said that the acceptance period for its voluntary public takeover offer for German chemicals maker Covestro has started, with an end date of Nov. 27.

** UK's Castle Water is looking to acquire a controlling stake in Thames Water, the Financial Times reported, citing people familiar with the matter.

** Building materials provider Quikrete has approached rival Summit Materials , which has a market value of more than $7 billion, with an acquisition offer, people familiar with the matter said on Thursday.

** A U.S. judge blocked the pending $8.5 billion merger of U.S. handbag and accessories maker Tapestry and Capri

on Thursday, a victory for the Federal Trade Commission that is a likely death blow for the deal.

** Avangrid , part of the Iberdrola Group, has completed the sale of its Kitty Hawk North offshore wind lease to Dominion Energy at $160 million, the company said on Thursday.

** British oil giant BP said on Thursday it has taken full ownership of Lightsource BP, after closing the previously announced buyout of the remaining equity in the solar developer.

** Brazilian meatpacker JBS and Mexico's Sigma Alimentos are among those competing to acquire Oscar Mayer, the hot dogs and cold cuts business of packaged food giant Kraft Heinz , according to people familiar with the matter.

** Asset manager HMC Capital will acquire Global Switch Australia in A$1.94 billion ($1.29 billion) deal, the Australian firm said on Thursday, as the company looks to tap into the booming data centre sector.

(Compiled by Rajarshi Roy and Rishi Kant in Bengaluru)

((Rajarshi.Roy@thomsonreuters.com;))

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