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Deals of the day-Mergers and acquisitions

ReutersMar 19, 2026 1:38 PM

- The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Thursday:

Philip Morris International <PM.N> has sold its stake in Swedish Match do Brasil, which controls the Brazilian Fiat Lux brand, Folha de S.Paulo reported without disclosing financial details.

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3M <MMM.N> will spin off its Scott Safety business and team up with Bain Capital to buy Madison Fire & Rescue for $1.95 billion, combining the two to create a fire and safety joint venture that will expand the industrial giant's safety portfolio.

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Container shipping giant Mediterranean Shipping Company is to buy 50% stake in South Korean shipping firm Sinokor, according to a public filing in Cyprus.

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BP BP.L said it would sell its German oil refinery site in Gelsenkirchen to investment firm Klesch Group for an undisclosed sum and raised its cost reduction target, in the latest move to simplify its portfolio and shore up its balance sheet.

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British defense contractor BAE Systems BAES.L will sell its remaining stake in Kazakhstan's Air Astana AIRA.KZ, the Kazakh company said.

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