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Deals of the day-Mergers and acquisitions

ReutersSep 30, 2025 1:33 PM
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- The following bids, mergers, acquisitions and disposals were reported by 1430 GMT on Tuesday:

Cerebras Systems, a Silicon Valley startup aiming to take on Nvidia <NVDA.O> by producing a dinner-plate-sized AI computing chip, on Tuesday said it raised $1.1 billion and added 1789 Capital, the venture firm where Donald Trump Jr. is a partner, as an investor.nL6N3VG135

The European Commission said it has given its green light to the acquisition of fashion group Versace by Italy's Prada <1913.F>.nL5N3VH0SM

Kuwait, a top oil producer, attracted substantial demand for its three-part bond offering on Tuesday, indicating strong investor appetite for the state's first sovereign U.S. dollar issue since 2017.nL2N3VH0BD

Italy's NewPrinces has completed the acquisition of a plant in northern Italy from the world's biggest spirits producer Diageo <DGE.L> for 100 million euros ($117 million), it reported.nL5N3VH0QU

ABO Energy <AB9.DE> has mandated private bank Metzler to advise it on a deal that could see the German renewables firm's founders cede control to an outside investor, a spokesperson for the company said on Tuesday.nL5N3VH05F

Britain's competition regulator said it has started a probe into the merger between Norway's Subsea 7 <SUBC.OL> and Italy's Saipem <SPMI.MI> for probable competition concerns in the energy services sector.nL3N3VH0WH

Britain's Serica Energy <SQZ.L> said it will buy Prax Upstream, the sole operator of Lancaster oilfield located in the UK's North Sea, for $25.6 million.nL6N3VH0IY

Japan's Nippon Steel 5401.T reported it had bought a 30% stake in Canada's Kami iron ore project, forming a joint venture with Australia's Champion Iron CIA.AX and Sojitz 2768.T to secure high-grade ore supplies for direct reduced iron.nL2N3VH09A

TKMS, the defence business that German conglomerate Thyssenkrupp aims to spin off this autumn, plans to raise its profit margin to more than 7% to close a gap with rivals, banking on soaring military demand amid fears of Russian aggression.nL5N3VH098

Australian natural gas producer Tamboran Resources TBN.AX has inked an agreement to acquire Irish oil and gas firm Falcon Oil & Gas FO.V in a cash-plus-stock deal valued at C$239 million ($171.81 million), the two companies reported.nL6N3VH0G0

Cosmetics maker Coty COTY.N has launched a strategic review of its consumer beauty business, it said, as it plans to focus on the more profitable fragrances unit.nL3N3VH0DI

Australia's Seven West Media SWM.AX said it would merge with Southern Cross Media SXL.AX to create a A$417 million ($273.97 million) metropolitan and regional media group to better compete with global streaming platforms.nL3N3VG1I6

Turkish Airlines THYAO.IS and Bahrain's flag-carrier Gulf Air have signed a memorandum of understanding to boost cooperation, Turkey's flag-carrier said, adding the accord aimed to drive mutual growth and business development.nL5N3VH0BD

Kuwait has started accepting bids for a three-part U.S. dollar-denominated bond offering with 3-year, 5-year and 10-year maturities, fixed income news service IFR reported.nL2N3VH05S

Vopak VOPA.AS has entered into an exclusive agreement with shipping firm Seapeak to provide a floating and regasification unit for its liquefied natural gas import terminal project in Australia, the Dutch tank storage firm reported.nL6N3VH06P

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