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Deals of the day-Mergers and acquisitions

ReutersFeb 13, 2025 11:04 AM

- The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Thursday:

** AsiaPak Investments, a private investment firm with operational assets in Pakistan and Hong Kong, and Middle Eastern oil and gas company Motange Oil have submitted a bid to acquire a 75.01% stake in Lotte Chemical Pakistan Ltd (LOTT.PSX), according to a notice filed by Arif Habib Ltd (ARIF.PSX), the manager to the offer, with the Pakistan Stock Exchange.

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** Polish state-owned fund PFR has dropped its plan to bid for Spanish train manufacturer Talgo after the Spanish government opposed the move, Expansion newspaper reported, citing unnamed market sources.

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** Privately owned U.S. oil and gas producer Validus Energy has struck a deal to buy rival 89 Energy III for about $850 million, including debt, sources familiar with the matter told Reuters.

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** Buyout firm Warburg Pincus has clinched a deal to acquire Vermont Information Processing, which makes software for beverage distributors, for about $1 billion including debt, according to people familiar with the matter.

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