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Deals of the day-Mergers and acquisitions

ReutersJan 24, 2025 2:38 PM

Adds: HongShan Capital Group Updates: Monte dei Paschi

- The following bids, mergers, acquisitions and disposals were reported by 1430 GMT on Friday:

** State-backed Monte dei Paschi di Siena BMPS.MI joined in the consolidation wave sweeping Italian banking with a surprise 13.3 billion euro ($14 billion) all-share offer to buy merchant bank Mediobanca MDBI.MI. nL3N3OK0KD

** HongShan Capital Group said it has struck a deal to acquire a majority stake in Marshall Group in a deal valuing the audio equipment maker at 1.1 billion euros ($1.15 billion). nL5N3OK106

** The unit of Blackstone BX.N dedicated to investments in the energy industry has agreed to acquire Potomac Energy Center, the asset manager told Reuters on Thursday, in a deal symbolizing the allure to investors of power plants sited near data centers. nL6N3OK02A

** Tata Electronics said it has bought a 60% stake in Taiwanese contract manufacturer Pegatron's India unit that operates an iPhone plant, beefing up the Tata group firm's position as an Apple supplier in a fast growing market. nL3N3OK0OP

** Spanish defence and technology company Indra IDR.MC was set to buy satellite operator Hispasat from Redeia REDE.MC for 650 million euros ($679 million) to expand in the space industry, daily newspaper El Pais reported , citing unnamed sources with knowledge of the situation. nL5N3OK0CJ

** Commonwealth Bank of Australia CBA.AX said it will sell its remaining 5.45% stake in Bank of Hangzhou 600926.SS to New China Life Insurance 601336.SS for gross proceeds of about A$940 million ($593.4 million). nL3N3OK0Q5

** Norwegian branded consumer goods group Orkla ORK.OL said it had agreed to sell its hydro power portfolio in two separate transactions for 6.1 billion crowns ($543.78 million) in total. nL5N3OK09E

** Brazilian state-run oil company Petrobras PETR4.SA said on Thursday that it had started the binding phase of the process to sell its 25% stake in the offshore Tartaruga oil field, according to a securities filing. nS0N3NV00A

** Unity Partners-backed P&C insurance brokerage Tropolis has acquired BDMH Enterprises, Follmer Insurance Services, Madigan Pingatore Insurance Agency and R&A Insurance. nL6N3OJ0L3

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