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Deals of the day-Mergers and acquisitions

Published 28/02/2020, 10:38 pm
Deals of the day-Mergers and acquisitions

Feb 28 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1130 GMT on Friday:

** World No. 1 oil producer Saudi Aramco 2222.SE has gained unconditional EU antitrust approval for its $69 billion bid for a 70% stake in petrochemicals group Saudi Basic Industries Corp (SABIC) 2010.SE , according to an EU filing. The Uzbek government may sell stakes of 10% each in two large mining and metals companies - Navoi and Almalyk - as well as a 49% stake in the Central Asian nation's flagship airline, it said. U.S.-based Public Storage (NYSE:PSA) PSA.N emerged as the likely buyer of Australia's largest self-storage operator National Storage REIT NSR.AX with its current A$1.89 billion ($1.25 billion) offer, after two rivals dropped out of the race. Drugmaker Gilead Sciences Inc GILD.O has approached cancer therapy company Forty Seven Inc FTSV.O with a takeover offer, Bloomberg News reported on Thursday, citing people familiar with the matter.

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