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Deals of the day-Mergers and acquisitions
Mar 17, 2026 3:06 AM

March 17 (Reuters) - The following bids, mergers, acquisitions and disposals were

reported by 0930 GMT on Tuesday:

** Woolworths said it has agreed to acquire privately held in2food Holdings for an

undisclosed amount as the food and clothing retailer aims to better control the quality and

supply of its premium convenience food products.

** Societe Generale said it had signed a preliminary agreement with regional French

bank Credit Mutuel Arkea to sell part of its securities services business serving retail banking

clients, in the latest step by CEO Slawomir Krupa to streamline the lender's portfolio.

** Finnish lift maker Kone Oyj ( KNYJF ) is in talks to buy TK Elevator, which has been

preparing for an initial public offering, Bloomberg News reported on Monday, citing people

familiar with the matter.

** Ant Group is set to close its HK$2.81 billion ($358.88 million) acquisition of a controlling

stake in Bright Smart Securities & Commodities by the end of the month following the

satisfaction of all conditions, the companies said on Monday.

** Brazilian state-run firm Petrobras said on Monday it had decided to exercise its

right to purchase Malaysian company Petronas' 50% stake in two offshore fields in Brazil for

$450 million, according to a securities filing.

** Australia's Pepper Money said it has received a lower revised takeover proposal from

investment manager Challenger valuing it at A$1.01 billion ($713.67 million), down from

its earlier valuation of A$1.16 billion.

** Drone maker AeroVironment ( AVAV ) said on Monday it has acquired Empirical Systems

Aerospace, a producer of unmanned aircraft systems and advanced air mobility platforms, in a

cash-and-stock deal valued at about $200 million.

(Compiled by Rajarshi Roy and Varun Sahay in Bengaluru)

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