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Deals of the day-Mergers and acquisitions

ReutersFeb 28, 2025 2:39 PM

Adds: Alat, MPLX Updates:

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

** Saudi Arabia's new advanced industries firm Alat has bought a 15% stake in Germany's TK Elevator and unveiled a 160 million euros ($166.62 million) joint venture for elevators and escalator solutions, the companies said on Monday

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** Midstream company MPLX MPLX.N said it would buy the remaining 55% interest in the BANGL natural gas pipeline from the affiliates of WhiteWater and Diamondback Energy FANG.O for $715 million, as it looks to increase its Permian footprint

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** Credit Agricole has acquired a 5.2% direct stake in Banco BPM through Deutsche Bank, two sources with knowledge of a regulatory filing told Reuters

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** Brazilian software company Totvs said on Thursday it has decided to withdraw from the competitive process to buy StoneCo's unit Linx, according to a securities filing

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