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Deals of the Day-Mergers and acquisitions
Sep 11, 2025 3:22 AM

Sept 11 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0930 GMT on

Thursday:

** Convenience store operator RaceTrac agreed to buy sandwich

chain Potbelly Corp ( PBPB ) for approximately $566 million on

Wednesday, in a rare move for a convenience store operator to

buy out a restaurant brand.

** Barrick Mining ( B ) said on Wednesday it agreed to sell

its Hemlo gold mine in Canada to Carcetti Capital for up to

$1.09 billion.

** Australia's second-largest gas producer Santos said

on Thursday it has signed an agreement with explosives

manufacturer Orica ( OCLDF ) to negotiate a potential domestic

gas supply deal from its Narrabri Gas Project in New South

Wales.

** Private equity firm GTCR has struck a 4.1 billion euro ($4.8

billion) deal to buy Czech generic drugmaker Zentiva

from Advent International, the Financial Times

reported on Wednesday, citing unidentified sources.

** French energy infrastructure company Technip Energies

said on Thursday it had agreed to buy U.S.-based

chemicals group Ecovyst's ( ECVT ) Advanced Materials &

Catalysts business for $556 million.

** Spanish power utility Iberdrola has bought a 30.29%

stake in its Brazilian business Neoenergia from

Brazil's Previ pension fund for 11.95 billion reais ($2.21

billion), it said.

** Global investment firms Carlyle Group and EQT, alongside

regional players HongShan Capital Group and Boyu Capital, are

preparing final offers for a controlling stake in Starbucks'

China operations, said five people with knowledge of the matter.

** Lufthansa is working with Italy's economy ministry

to increase its stake in state airline ITA Airways to 90% by

June 2026, the Corriere della Sera newspaper reported, citing

two sources familiar with the discussions.

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