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Deals of the day-Mergers and acquisitions
Sep 30, 2025 3:09 AM

Sept 30 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0930 GMT on Tuesday:

** Japan's Nippon Steel ( NISTF ) reported it had bought a

30% stake in Canada's Kami iron ore project, forming a joint

venture with Australia's Champion Iron ( CIAFF ) and Sojitz ( SZHFF )

to secure high-grade ore supplies for direct reduced

iron.

** TKMS, the defence business that German conglomerate

Thyssenkrupp aims to spin off this autumn, plans to raise its

profit margin to more than 7% to close a gap with rivals,

banking on soaring military demand amid fears of Russian

aggression.

** Australian natural gas producer Tamboran Resources ( TBN )

has inked an agreement to acquire Irish oil and gas

firm Falcon Oil & Gas ( FOLGF ) in a cash-plus-stock deal valued at

C$239 million ($171.81 million), the two companies

reported.

** Cosmetics maker Coty ( COTY ) has launched a strategic

review of its consumer beauty business, it said, as it plans to

focus on the more profitable fragrances unit.

** Australia's Seven West Media said it would merge

with Southern Cross Media to create a A$417 million

($273.97 million) metropolitan and regional media group to

better compete with global streaming platforms.

** Turkish Airlines and Bahrain's flag-carrier

Gulf Air have signed a memorandum of understanding to boost

cooperation, Turkey's flag-carrier said, adding the accord aimed

to drive mutual growth and business development.

** Kuwait has started accepting bids for a three-part U.S.

dollar-denominated bond offering with 3-year, 5-year and 10-year

maturities, fixed income news service IFR reported.

** Vopak has entered into an exclusive agreement

with shipping firm Seapeak to provide a floating and

regasification unit for its liquefied natural gas import

terminal project in Australia, the Dutch tank storage firm

reported.

(Compiled by Dharna Bafna in Bengaluru)

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