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Deals of the day-Mergers and acquisitions
Feb 26, 2025 3:12 AM

Feb 26 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 1030 GMT on

Wednesday:

** Switzerland-based pesticides maker Syngenta said that it has

acquired a repository of natural compounds and genetic strains

from drugmaker Novartis to further boost the

development of biologic crop protection.

** Italian lender UniCredit has reported its planned

acquisition of a 29.99% minority stake in Germany's Commerzbank

to the German Cartel Office for assessment, a

spokesperson for the regulator said.

** Copenhagen Infrastructure Partners has agreed to buy an

offshore wind project in Britain from COBRA Group and Flotation

Energy, the fund manager said.

** State-owned China International Capital Corp (CICC)

is set to merge with its peer China Galaxy Securities,

said five sources, in a deal that would create the country's

third-largest brokerage with $193 billion in assets.

** British lender Metro Bank ( MTRBF ) said it has signed an

agreement to sell a portfolio of about 584 million pounds

($738.88 million) of unsecured personal loans.

** Japan Post Holdings said that a subsidiary offered

to acquire Japanese logistics company Tonami Holdings

for about 92.6 billion yen ($619 million).

** Private equity firm Roark Capital has signed a deal to

acquire Dave's Hot Chicken for roughly $1 billion, according to

sources familiar with the matter, in a deal that will reinforce

its foothold in the restaurant industry.

** UAE telecoms group e& said that it had agreed to

sell its 40% stake in Khazna Data Center Holdings for $2.2

billion, as part of a deal struck with artificial intelligence

company G42.

** Contract drug manufacturer Thermo Fisher Scientific ( TMO )

said on Tuesday it will buy Solventum's ( SOLV ) purification

and filtration business for about $4.1 billion, sending the

latter's shares up around 9%.

(Compiled by Rajarshi Roy and Kamal Choudhury in Bengaluru)

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