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Deals of the day-Mergers and acquisitions

ReutersAug 13, 2025 7:57 PM

- The following bids, mergers, acquisitions and disposals were reported by 1950 GMT on Wednesday:

** Indian IT services company Infosys INFY.NS said that it would take a 75% stake in Versent Group, a wholly owned unit of Australia's Telstra Group TLS.AX, for A$233.3 million ($153 million).

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** British Gas owner Centrica CNA.L and Energy Capital Partners are in talks to buy the Isle of Grain LNG terminal from National Grid NG.L in a deal valued at about 1.5 billion pounds ($2.03 billion), the Financial Times reported.

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** Canada's Bank of Montreal BMO.TO is exploring a sale of its transportation finance business for about $1 billion, Bloomberg News reported, citing people familiar with the matter.

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** U.S. insurance broker Highstreet subsidiary Brightstone Specialty Group has acquired hospitality industry-focused program administrator RMS Hospitality Group and its sister company, Fortis Risk Solutions.

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** MFE-MediaForEurope said it had secured a 40.38% stake in Prosiebensat.1 as of 1200 GMT under the Italian group's ongoing public takeover offer for the media company so far.

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** Gildan Activewear has agreed to buy U.S. undergarments maker Hanesbrands for $2.2 billion in cash and stock, the companies said, as the Canadian firm looks to expand its foothold in basic apparel.

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** Hudbay Minerals said Mitsubishi Corp <8058.T> will buy a 30% stake in its Copper World project in Arizona for $600 million, boosting financing and strategic backing for the U.S. copper mine.

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** Mercedes-Benz is in advanced talks with France's BNP Paribas about the sale of the German carmaker's leasing subsidiary Athlon, Bloomberg News reported.

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** Sapiens International Corporation, a provider of software solutions to the insurance industry, announced that it is being acquired by private equity investor Advent for $2.5 billion in an all-cash deal.

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** China-headquartered medical device maker Kangji Medical <9997.HK> said on Tuesday it had received a go-private proposal from a consortium backed by investment firm TPG , valuing the firm at HK$11.17 billion ($1.42 billion).

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** Cenovus Energy is in talks with Canadian Indigenous groups to jointly buy MEG Energy , Bloomberg News reported on Tuesday, citing people familiar with the discussions.

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** Perplexity AI made a $34.5 billion unsolicited all-cash offer for Alphabet's Chrome browser on Tuesday, a bid far above its own valuation as the startup reaches for the browser's billions of users pivotal to the AI search race.

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** Turkey's largest hospital operator Acibadem has agreed to buy an 80% stake in Bayindir Hospitals from Is Bankasi for $55 million, Acibadem's Chairman Mehmet Ali Aydinlar said on Tuesday.

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