#M&A

Chinese state-owned miner Jiangxi Copper is set to acquire London-listed SolGold for $1.2 billion, gaining control of the massive Cascabel copper project in Ecuador amid a global resource scramble.

BP is selling a 65% stake in its iconic Castrol lubricant brand to private equity firm Stonepeak for $6 billion, Reuters reports. The move signals an acceleration of BP's shift towards low-carbon energy.

Crypto M&A activity hit a record $8.6 billion in 2025, driven by the Trump administration's friendly regulatory stance. Major deals from Coinbase, Kraken, and Ripple signal industry consolidation.

Japanese brewer Sapporo Holdings is selling its real estate business, including the prime Ebisu Garden Place, to a KKR and PAG-led group for $2.6 billion to focus on its core alcohol business.

Enterprise software giant ServiceNow is acquiring cybersecurity startup Armis for $7.75 billion in cash, a move that shelves Armis's IPO plans and signals ServiceNow's aggressive platform strategy.

Japan's Sumitomo Mitsui Trust Group announces a deal to acquire full ownership of Malaysia's AHAM Asset Management for up to $575 million, signaling a major strategic expansion into Southeast Asia.

Arif Habib Consortium has won the bid to acquire 75% of Pakistan International Airlines for $482 million. The sale is a key part of the IMF's conditions for a $7 billion loan program and serves as a major test for Pakistan's wider privatization drive.

ServiceNow announces a $7.75 billion cash deal to acquire cybersecurity startup Armis, aiming to build an AI-powered security platform and capitalize on the growing need to protect enterprises from sophisticated AI threats.

Japanese AC giant Daikin Industries acquires two US tech companies in 2025, entering the competitive AI data center cooling market to address growing power and water constraints.

Pakistan stockbroker Arif Habib Consortium has won the bid to acquire a 75% stake in Pakistan International Airlines for $412 million. The sale is a key part of the country's $7 billion IMF loan program and a litmus test for further privatizations.

Japan's SMFG is partnering with Bain Capital and Muzinich & Co. on a $3.5 billion fund to finance European M&A deals, capitalizing on financial leeway from higher domestic interest rates.

Samsung's Harman is acquiring ZF's ADAS division for an estimated $1.76 billion, a strategic move to combine digital cockpit tech with advanced driver-assistance systems and become a key player in the future of automotive technology.