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Deals of the day-Mergers and acquisitions
Nov 13, 2025 3:15 AM

Nov 13 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 1030 GMT on

Thursday:

** Spain's ACS is close to striking a 23 billion euro

($26.8 billion) partnership with BlackRock's ( BLK ) Global

Infrastructure Partners to develop data centres, newspaper

Expansion reported, citing unnamed market sources.

** India's Mahindra & Mahindra will form a life

insurance joint venture with Canada's Manulife,

expanding an existing 5-year old partnership, with both

companies committing up to $400 million over the next decade.

** BP is in active negotiations with investment firm

Stonepeak over the sale of its Castrol lubricants unit,

according to two people with knowledge of the situation, in what

would be a major step in meeting the energy company's $20

billion divestment goal.

** South Korea's Lotte Chemical said it has sold

about 75% stake in its Pakistani subsidiary to Dubai-based PTA

Global Holding for 98 billion won ($68.94 million).

** Edgewell Personal Care ( EPC ) has agreed to sell its North

American feminine care business, which includes the likes of

Stayfree sanitary napkins, to Swedish health and hygiene firm

Essity for $340 million, the U.S. consumer products

firm said on Wednesday.

(Compiled by Rajarshi Roy and Jaspreet Singh in Bengaluru)

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