Jan 26 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 20:45 GMT on Monday:
Power management company Eaton Corp (ETN.N) said it plans to spin off its underperforming automotive businesses to focus on more profitable AI-driven power systems, aerospace and defense businesses.
The Platform Group SE &amp; Co. KGaA (TPG0n.DE) said it intends to acquire AEP Pharma Group with the newly established Pharma Group expected to generate revenues exceeding 1.1 billion euros ($1.31 billion).
The potential sale of Brazilian aluminium producer Companhia Brasileira de Aluminio (CBAV3.SA) is moving forward, although discussions with Emirates Global Aluminium have slowed, according to two people familiar with the matter.
Century Aluminum (CENX.O) will take a 40% stake in Emirates Global Aluminium’s project to build the first primary aluminium smelter in the U.S. in almost 50 years, the companies said. Quantum computing firm IonQ (IONQ.N) said it would buy chipmaker SkyWater Technology (SKYT.O) for about $1.8 billion, in a deal that would bring semiconductor manufacturing in-house and boost the development of its next-generation quantum processors. Abu Dhabi state energy company XRG said it is buying an additional 7.6% stake in two liquefied natural gas trains at the Rio Grande LNG project in Texas, deepening its investment in one of the world’s largest export facilities. Hungary’s MOL (MOLB.BU) agreed to pay up to 1 billion euros ($1.19 billion) to buy a majority stake in Serbia’s oil firm NIS (NIIS.BEL) from its Russian owners, Serbian President Aleksandar Vucic said . Zijin Gold (2259.HK) will buy Canada’s Allied Gold (AAUC.TO) for about C$5.5 billion ($4.02 billion) in cash, the companies said, as the Chinese miner ramps up its global expansion against the backdrop of record high prices of the yellow metal. Leidos Holdings (LDOS.N) said it would buy power design firm ENTRUST Solutions Group from private equity firm Kohlberg for about $2.4 billion, as it looks to expand engineering offerings for utility customers. Private equity firm CVC (CVC.AS) has agreed to buy U.S.-based credit manager Marathon for up to $1.2 billion, it said, in the latest deal in the fast-consolidating private credit market. Shares of Spire Healthcare (SPI.L) surged as much as 20% after the British private hospital group confirmed over the weekend it was in preliminary talks with multiple buyout firms including Bridgepoint and Triton to “explore strategic options”.
Swiss private bank EFG International (EFGN.S) said it would acquire Quilvest Switzerland Ltd, a Swiss private bank with longstanding ties to Latin America.
Czech investor Daniel Kretinsky’s EP Group said it planned to launch a voluntary offer to take control of Fnac Darty (FNAC.PA) , valuing it at 1.1 billion euros ($1.3 billion), sending shares of the French retailer 18% higher . Merck (MRK.N) is no longer in discussions to buy cancer drug developer Revolution Medicines (RVMD.O) , the Wall Street Journal reported on Sunday.

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On January 26, various mergers and acquisitions were reported, including Eaton Corp's spin-off of its automotive businesses, The Platform Group's acquisition of AEP Pharma Group, and Century Aluminum's stake in Emirates Global Aluminium. IonQ plans to buy SkyWater Technology for $1.8 billion, while XRG is increasing its stake in Rio Grande LNG. MOL is acquiring a majority stake in Serbia's NIS for up to $1.19 billion. Zijin Gold will buy Allied Gold for C$5.5 billion, and Leidos Holdings is acquiring ENTRUST Solutions for $2.4 billion. CVC is buying Marathon for up to $1.2 billion, and Spire Healthcare shares surged amid buyout talks. EFG International will acquire Quilvest Switzerland, and EP Group plans to take control of Fnac Darty, boosting its shares by 18%. Merck is no longer pursuing Revolution Medicines.

Deals of the day-Mergers and acquisitions