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Deals of the day-Mergers and acquisitions
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Deals of the day-Mergers and acquisitions
May 26, 2025 10:41 AM

May 20 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0930 GMT on Tuesday:

** Britain's Centrica ( CPYYF ) said that Spirit Energy, its joint

venture with German utility Stadtwerke München GmbH (SWM), will

sell a 46.25% stake in the Cygnus gas field to Ithaca Energy

for about 116 million pounds ($155.05 million).

** Japan's Seven & i Holdings ( SVNDF ) plans to sell a partial

stake in Seven Bank ( SEBNF ) to trading house Itochu ( ITOCF ),

with an announcement expected as early as May 30, the Nikkei

business reported.

(Compiled by Rajarshi Roy and Priyanka.G in Bengaluru)

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