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Deals of the day-Mergers and acquisitions

Published 13/07/2017, 08:30 pm
© Reuters.  Deals of the day-Mergers and acquisitions

July 13 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Thursday:

** Some creditor banks of Dubai-based Oger Telecom are in talks to sell its 55 percent stake in Turkish fixed-line operator Turk Telekom TTKOM.IS , four sources familiar with the matter told Reuters. Bahrain-based asset manager Investcorp INVB.BH has agreed to sell Esmalglass, a supplier of intermediate products for the ceramic industry, to U.S. buyout firm Lone Star Fund X for an enterprise value of 605 million euros ($693 million). Britain's Sports Direct SPD.L , the retailer controlled by billionaire Mike Ashley, has bought a 25.8 percent stake in Game Digital GMDG.L , the computer gaming group said. Qatar Airways chief executive said on Thursday the airline still planned to buy a stake in American Airlines despite the U.S. carrier ending a code-share agreement between the two companies. A group of investors led by a former Chicago alderman on Wednesday purchased the Sun-Times, out-bidding the owners of the Chicago Tribune for its main rival and ending a federal antitrust investigation into the sale. Global Logistic Properties GLPL.SI has picked a Chinese private equity consortium over a Warburg Pincus-led group for final talks to acquire Asia's biggest warehouse operator, two sources familiar with the matter said. J&F Investimentos SA has agreed to sell a controlling stake in Havaianas flip-flop maker Alpargatas SA ALPA4.SA to the investment firms of Brazil's most prominent banking families for 3.5 billion reais ($1.1 billion), according to securities filings. Australia and New Zealand Banking Group ANZ.AX is near a deal to sell its Malaysian banking stake to a pension fund and exit the Southeast Asian nation, sources familiar with the matter said, in a transaction that could be worth around $900 million.

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