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Deals of the day-Mergers and acquisitions

ReutersDec 16, 2025 10:53 AM

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

Morocco's leading port operator, Marsa Maroc, said it signed a deal to acquire a 45% stake in Spain's Boluda Maritime Terminals (BMT), a branch of Spain's Boluda Corporacion Maritima, for 80 million euros ($94.01 million).

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Kering , the owner of luxury brand Gucci, said it had agreed to sell a 60% stake in a prime New York property to private equity firm Ardian, raising $690 million in cash.

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TotalEnergies has agreed to sell an indirect stake of almost 10% in a Malaysian offshore gas block to Thailand’s state-backed PTTEP for an undisclosed sum, the French oil major said.

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Abu Dhabi National Oil Company (ADNOC) has acquired a controlling 95% stake in Covestro, the German chemicals maker said on Monday in a regulatory filing.

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World Insurance Associates acquired Lakewood, New Jersey-based The Fidella Agency on September 1, the broker announced on Monday.

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Holcim has agreed to pay $550 million for a majority stake in Peruvian building materials maker Cementos Pacasmayo , it said, the Swiss company's biggest ever acquisition in Latin America.

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Activist investment firm Kimmeridge Energy Management has submitted a $6 billion offer to buy Ascent Resources, the Financial Times reported.

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Japan's JX Advanced Metals <5016.T> said its Pan Pacific Copper (PPC) unit sold its entire stake in the undeveloped Quechua copper project in Peru to Swiss trader and miner Glencore for an undisclosed sum.

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Wall Street giant Citigroup said on Monday it had completed the sale of a 25% stake in its Grupo Financiero Banamex to a company owned by Mexican billionaire Fernando Chico Pardo and his family.

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Services firm WSP Global said on Monday it will acquire U.S. power and energy firm TRC Companies in a $3.3 billion all-cash deal.

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