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Deals of the day-Mergers and acquisitions

ReutersMar 26, 2025 2:11 PM

- The following bids, mergers, acquisitions and disposals were reported by 1351 GMT on Wednesday:

China-based Ninestar Corp 002180.SZ plans to sell printer and printing software maker Lexmark International II to Xerox XRX.O in a deal estimated at up to $150 million, a fraction of the price Xerox disclosed in December.

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Chinese billionaire Wang Yusuo's ENN Group is aiming to buy the rest of clean energy company ENN Energy 2688.HK , valuing the firm at HK$90.50 billion ($11.64 billion), with the aim of streamlining operations in its natural gas business

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Siemens Energy ENR1n.DE will sell 90% of its wind turbine business in India and Sri Lanka to an investor group led by the climate investment arm of buyout group TPG TPG.O , in the latest move aimed at fixing its struggling renewables division.

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DBS Group DBSM.SI, Southeast Asia's top bank by assets, is the frontrunner to buy a controlling stake in Indonesia's Panin Bank PNBN.JK, three people with knowledge of the matter said.

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