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Deals of the day-Mergers and acquisitions

ReutersMar 4, 2025 9:03 PM

- The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Tuesday:


Indian oil explorer Oil and Natural Gas Corp ONGC.NS said its unit acquired clean energy firm PTC Energy for 9.25 billion Indian rupees ($106.02 million) as the company looks to ramp up its green energy portfolio.

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Hong Kong's CK Hutchison Holdings 0001.HK said a consortium including BlackRock Inc BLK.N will buy an 80% stake in Hutchison Ports group for an equity value of $14.21 billion.

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Indian IT services provider Coforge COFO.NS said it had entered into a 13-year agreement valued at $1.56 billion with Sabre Corp SABR.O to strengthen the U.S.-listed travel booking provider's product roadmap.

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Honeywell International said it would buy pump-maker Sundyne from private-equity firm Warburg Pincus for $2.16 billion in cash, as the U.S. conglomerate strengthens its energy business ahead of a planned three-way split.

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Bridge Specialty Group, the wholesale broking division of Brown & Brown, has completed its previously announced acquisition of Columbus, Ohio-based NBS Insurance Agency from Nationwide.

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Spanish holding vehicle Criteria will buy a 5% stake in French waste and water management company Veolia Environnement and have a representative on its board, it said on Tuesday.

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Italy's Banco BPM aims to launch its offer to buy the fund manager Anima Holding > "from the second half of March," CEO Giuseppe Castagna told Il Sole 24 Ore daily in an interview published on Tuesday.

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Seven & i 3382.T plans to reject a takeover bid from Canada's Alimentation Couche-Tard ATD.TO as the retailer seeks to enhance its corporate value on its own, the Yomiuri newspaper reported.

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