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Deals of the day-Mergers and acquisitions
May 29, 2025 3:07 AM

May 29 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0940 GMT on

Thursday:

** Private equity investor Advent has entered exclusive

negotiations to acquire Paris-based broker Kereis from current

owner Bridgepoint.

** French oil major TotalEnergies said it agreed to

sell its 12.5% stake in the Bonga oilfield offshore Nigeria to

Shell, the field's operator, for $510 million.

** Britain's Argentex ( AGXTF ) said on Thursday former CEO Harry

Adams and Irish entrepreneur Terry Clune would not make a

takeover offer for the currency risk management company.

** The U.S. Federal Trade Commission said on Wednesday it

will require two software companies - Synopsys ( SNPS ) and

Ansys ( ANSS ) - to divest certain assets to resolve antitrust

concerns surrounding their $35 billion merger.

** BP's Castrol lubricants business is attracting

interest from companies such as India's Reliance Industries

, Bloomberg News reported on Wednesday, citing people

familiar with the matter.

** Japan's Nippon Telegraph and Telephone ( NPPXF ) will invest

about 110 billion yen ($755.49 million) in SBI Holdings ( SBHGF )

to acquire an 8.91% stake, as the two companies aim to integrate

their digital technology and financial services.

** Belgian oil tanker group CMB Tech is set to acquire

shipping firm Golden Ocean Group ( GOGL ) in a stock-for-stock

deal valued at $1.5 billion, the companies said on Wednesday.

** Model Hailey Bieber's makeup and skincare brand, Rhode, is

being snapped up by Elf Beauty ( ELF ) for about $1 billion,

giving the budget cosmetic retailer access to a

celebrity-endorsed product line that has become hugely popular

among Gen Z and millennials.

(Compiled by Rajarshi Roy and Prakhar Srivastava in Bengaluru)

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