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Deals of the day-Mergers and acquisitions
Aug 4, 2025 3:11 AM

August 4 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0930 GMT on Monday:

** Singapore's sovereign wealth fund GIC will acquire a 25%

stake in a fibre optic broadband venture between MasOrange,

partly owned by France's Orange, and Vodafone Spain,

which is owned by Britain's Zegona Communications ( ZEGLF ), the

three companies said.

** Bahrain's sovereign wealth fund, Mumtalakat, has acquired a

stake in BlueFive Capital, the Abu Dhabi-based private equity

firm said.

** Mitsubishi ( MSBHF ) has made an offer to increase its

stake in Thai Union Group Public Company Limited, a

major canned tuna producer, to 20% from 6.19%, both companies

said on Monday, as the Japanese trading house expands further

into the food business.

** Australia's BlueScope Steel ( BLSFF ) said on Monday it

has assembled a heavyweight consortium of global steelmakers to

bid for Sanjeev Gupta's troubled Whyalla Steelworks, over a

month after the local government formally opened a sale process.

** China Mobile, the world's biggest wireless

carrier by users, said it had bought a 14.4% stake in Hong

Kong-based broadband service provider HKBN ( HKBNF ) for HK$1.08

billion ($137.58 million).

** Australia's Medallion Metals said it has negotiated

the terms for the acquisition of Forrestania nickel operation in

Western Australia from IGO in exchange for a royalty.

** Amphenol ( APH ) is nearing a deal to buy communication

network infrastructure provider CommScope Holding's ( COMM )

connectivity and cable unit, in a deal valued at roughly $10

billion including debt, the Wall Street Journal reported on

Sunday, citing people familiar with the matter.

(Compiled by Rajarshi Roy and Anshi Sancheti in Bengaluru)

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