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Deals of the day-Mergers and acquisitions

ReutersOct 1, 2025 8:03 PM

- The following bids, mergers, acquisitions and disposals were reported by 20:00 GMT on Wednesday:

*KKR KKR.N is exploring a potential sale of its 40% stake in Pembina Gas Infrastructure, with its holding in the Canadian midstream operator expected to be valued at around $7 billion, four people familiar with the matter said. nL6N3VI0VE

BlackRock-owned BLK.N Global Infrastructure Partners is in advanced talks to buy utility group AES AES.N, people familiar with the matter said, in a deal that could exceed $38 billion including debt. nL3N3VI02F

New BP BP.L Chair Albert Manifold told employees on Tuesday that the group's portfolio was "overly complex" and it needed to execute its strategy of shifting focus back to oil and gas faster, according to an internal memo seen by Reuters. nL2N3VI0PR

Russian copper producer UMMC is in talks with the government to acquire a majority stake in the gold mining company UGC which was seized by the state in July, two industry sources told Reuters. nL5N3VI1C1

*Corteva CTVA.N said it would separate its seed and pesticide businesses into separate listed companies, as the agrichemicals firm seeks to sharpen its strategic focus. nL3N3VI0RF

Halozyme Therapeutics HALO.O said it has agreed to acquire privately held Elektrofi in a deal worth up to $900 million to expand its drug delivery portfolio, sending its shares up 3% in morning trading. nL3N3VI0SA

Generali Real Estate and Gruppo Percassi have jointly acquired Oriocenter, Italy's largest shopping mall, from Commerz Real for around 470 million euros ($552 million), the companies said. nL6N3VI0NJ

Canada's MEG Energy MEG.TO said proxy advisory firm Glass Lewis has recommended shareholders vote for Cenovus' CVE.TO buyout offer. nL3N3VI0VH

Saipem SPMI.MI does not see regulatory risks for its planned merger with Norwegian rival Subsea7 SUBC.OL, the CEO of the Italian energy contractor said, shrugging off concerns about potential hurdles in the Brazilian market. nS8N3TX09H

Zeiss Vision Care is acquiring a 10% stake in Ocumeda AG from German eyewear maker Fielmann Group FIEG.DE for 10 million euros ($11.74 million), the companies said. nL5N3VI0MY

Ingka Group, the biggest global IKEA retailer, has acquired a Manhattan property where it plans to open a new store as part of the furniture group's expansion in the United States, it reported. nL5N3VI0IE

Indonesia expects to sign a deal with Freeport-McMoRan FCX.N soon regarding a plan for the firm to sell a 12% stake in its Indonesian unit PT Freeport Indonesia to a local partner, the investment minister said. nL3N3VI0KS

Vancouver-based Lithium Americas LAC.TO reported that the U.S. Department of Energy (DOE) has taken a 5% stake in the company, along with a separate 5% stake in its Thacker Pass lithium project joint venture with General Motors GM.N.nL2N3VH16Q

Monte dei Paschi di Siena BMPS.MI is expected to name JPMorgan banker Vittorio Grilli as the new Mediobanca chair, two people close to the matter have said, as it finalises its picks for the top jobs at the merchant bank it acquired in September.nL2N3VI08B

Global investment firm KKR KKR.N has acquired a minority stake in the entity that leases Abu Dhabi National Oil Company's gas pipeline assets, it said, without disclosing financial details. nL2N3VI07E

South Korea's LG Chem 051910.KS said it plans to sell 2 trillion Korean won ($1.43 billion) worth of shares in its battery unit LG Energy Solution 373220.KS to help improve finances and boost its corporate value. nL2N3VI07V

TotalEnergies TTEF.PA said it agreed to sell its interests in several mature oil fields off Norway, the latest step in a broader divestment strategy aimed at cutting debt.nL2N3VI05J

Mutares's MUXG.DE subsidiary Magirus will acquire Achleitner Fahrzeugbau, an Austrian company that produces vehicles for military and police operations, the German holding firm said in a statement. nTUC9HZH3V

Alphabet's GOOGL.O YouTube TV and Comcast-owned CMCSA.O NBCUniversal agreed to a short-term contract extension, averting a blackout and ensuring YouTube TV subscribers retain access to NBCUniversal programming while negotiations continue.nL3N3VI07O

Japan's Mitsubishi UFJ Financial Group 8306.T is in advanced talks to buy a 20% stake in Indian non-banking finance company Shriram Finance SHMF.NS for 232 billion rupees ($2.61 billion), the Economic Times reported, citing people familiar with the matter. nL3N3VI01N

BHP BHP.AX said it would invest more than A$840 million ($555.16 million) in its Olympic Dam copper operations in South Australia as the miner prepares to make an investment decision by mid-2027 to double output from the state.nL3N3VI02J

Vancouver-based Lithium Americas LAC.TO said that the U.S. Department of Energy (DOE) has taken a 5% stake in the company, which will help it access the first $435 million from a previously announced $2.26 billion loan for the Thacker Pass lithium project. nL3N3VI073

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