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Deals of the day- Mergers and acquisitions

Published 23/12/2015, 08:05 am
© Reuters.  Deals of the day- Mergers and acquisitions
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(Adds Baxalta International, Gray Television, Dominion Diamond Corp , Sequa Petroleum, Syngenta , Noble Group; updates Tata Steel , LKQ Corp)

Dec 22 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Tuesday:

** Qatar National Bank QNBK.QA , the Gulf Arab region's largest bank, has agreed to buy Turkey's Finansbank FINBN.IS from National Bank of Greece for 2.7 billion euros ($2.95 billion). urn:newsml:reuters.com:*:nL8N14B0H6

** Drug maker Shire Plc SHP.L has made a new acquisition offer for peer Baxalta International Inc BXLT.N that is roughly in line with the latter's valuation expectations, making a deal in the coming weeks likely, people familiar with the matter said. urn:newsml:reuters.com:*:nL1N14B1ER

** Allianz ALVG.DE has agreed to acquire a majority of the Philippine life insurer PNB Life Insurance Inc, the companies said in a joint statement. urn:newsml:reuters.com:*:nL8N14B1CL

** Hyundai Motor 005380.KS and Kia Motors 000270.KS will buy a 23.3 percent stake in auto financing affiliate Hyundai Capital from General Electric (N:GE) GE.N for 703 billion won ($600.8 million), the automakers said. urn:newsml:reuters.com:*:nL3N14A23Y

** U.S. oil and natural gas producer ConocoPhillips (N:COP) COP.N has sold its 50 percent stake in a joint venture with Russian state oil company Rosneft ROSN.MM , a ConocoPhillips spokesman said. urn:newsml:reuters.com:*:nL3N14B3RD

** Atlanta-based Gray Television Inc GTN.N has won U.S. antitrust approval to buy Schurz Communications Inc on condition that it sells two television stations, the Justice Department said. urn:newsml:reuters.com:*:nL1N14B1I0

** Dominion Diamond Corp DDC.TO has been working with its long-time banker Rothschild & Co to find ways to boost shareholder value including a potential sale, according to a source familiar with the matter. urn:newsml:reuters.com:*:nL1N14B0SR

** Sequa Petroleum MLSEQ.PA has called off a planned $602 million purchase of Norwegian offshore field interests from Wintershall, the oil and gas subsidiary of BASF BASFn.DE , citing a poor market environment. urn:newsml:reuters.com:*:nL8N14B355

** Swiss agrichemicals group Syngenta SYNN.VX is in talks with Monsanto (N:MON) MON.N , ChemChina CNNCC.UL and other rivals but has not received a concrete takeover offer and is keeping all options open, Chairman Michel Demare told a Swiss newspaper. urn:newsml:reuters.com:*:nL8N14B365

** Noble Group Ltd NOBG.SI said it has agreed to sell its remaining 49 percent stake in its agribusiness to China's state-owned COFCO International Ltd, exiting agricultural markets as the Asian commodity merchant seeks to slash debt and shore up cash. urn:newsml:reuters.com:*:nL1N14B1H3

** Britain's troubled steel sector received a boost on with news that Tata Steel TISC.NS is in talks to sell its struggling British-based unit to investment firm Greybull Capital, according to statements from the two firms. urn:newsml:reuters.com:*:nL3N14B37T

** Finnish facility manager Caverion CAV1V.HE is among bidders for the industrial services business of German engineering group Voith, a deal worth potentially 300 million euros ($328 million), two people familiar with the matter said. urn:newsml:reuters.com:*:nL8N14B2EQ

** Greece's third-largest lender Eurobank EURBr.AT has agreed to sell an 80 percent stake in its Eurolife ERB insurance arm to Canada's Fairfax Financial Holdings FFH.TO for 316 million euros ($345 million), deepening their existing relationship. urn:newsml:reuters.com:*:nL8N14B10E

** European investment fund Marguerite is close to buying a 47.2 percent stake in utility Latvijas Gaze GZE1R.RI from Germany's E.ON EONGn.DE , Latvia's economy minister said on Tuesday. urn:newsml:reuters.com:*:nL8N14B1MZ

** Carrefour CARR.PA has agreed to buy supermarket company Billa Romania from Germany's Rewe group REGRP.UL , the French retailer said on Tuesday. urn:newsml:reuters.com:*:nASB0AN5V

** Indian telecommunications carriers Reliance Communications RLCM.NS and Aircel have begun talks to combine their wireless operations to create the country's second-biggest mobile phone operator by customer numbers. urn:newsml:reuters.com:*:nL3N14B2SK

** U.S.-based LKQ Corp LKQ.O said it would buy Italy's Rhiag-Inter Auto Parts Italia SpA, owned by private equity firm Apax Partners LLP, to expand in the European auto spares market. urn:newsml:reuters.com:*:nL3N14B3KN

** French cooperative group Axereal has agreed to buy regional grain handler Agri-Negoce from Swiss trading house Ameropa to increase its reach in its home market, Axereal said on Tuesday. urn:newsml:reuters.com:*:nL8N14B230

** Japanese employment agency Recruit 6098.T has agreed to acquire Dutch staffing firm USG People USGP.AS for 1.4 billion euros ($1.53 billion), a premium of 31 percent to its closing price on Monday, the companies said on Tuesday. urn:newsml:reuters.com:*:nL8N14B0IG

** Anbang Insurance Group has raised its stake in China Vanke 000002.SZ 2202.HK , the country's largest developer, to 7.01 percent by acquiring shares worth 2.84 billion yuan ($438.42 million) as Chinese insurers beef up their property portfolios. urn:newsml:reuters.com:*:nL3N14B3YM

** Australia's Macquarie MQG.AX has hired Bank of America Merrill Lynch (N:BAC) BAC.N to run the sale of German gas grid Thyssengas, two people familiar with the matter said, in a deal that could value the asset at up to 600 million euros ($656 million). urn:newsml:reuters.com:*:nF9N13Y005

** The board of Kuwait's Viva VIVA.KW is advising shareholders that the pricing of a takeover offer from Saudi Telecom Co 7010.SE is not fair, but it is up to shareholders to decide whether to sell their shares, Viva said on Tuesday. urn:newsml:reuters.com:*:nL8N14B0A0

** MBK Partners and a private equity arm of Standard Chartered STAN.L were among three parties that submitted a binding bid for Doosan Infracore Co Ltd's 042670.KS machine tools business, all bidding around 1 trillion won ($849 million), a South Korean newspaper reported on Tuesday. urn:newsml:reuters.com:*:nL3N1490CO

** Colombia increased the minimum price it would sell its controlling stake in state electricity generator Isagen, the finance ministry said in a statement on Monday. The government raised the price by 21.5 percent to 4,130 pesos a share, or a total of 6.48 trillion pesos ($1.94 billion), for its 57.61 percent share of the company. urn:newsml:reuters.com:*:nL1N14B01X

** The company which runs Australia's offshore immigration detention camps advised shareholders that a A$692 million ($500 million) takeover bid from Spain's Ferrovial SA FER.MC undervalues it, a sign it will reject the unsolicited offer. urn:newsml:reuters.com:*:nL3N14B06Y

** Western Refining Inc WNR.N said it had reached an agreement to buy the shares of Northern Tier Energy LP NTI.N it did not already own, in a deal that values the refiner at $2.43 billion. urn:newsml:reuters.com:*:nL3N14A5H4

** Australia's antitrust regulator said it will consider a watered down version of Canadian infrastructure giant Brookfield Asset Management Inc's BAMa.TO $6.5 billion bid for freight firm Asciano Ltd AIO.AX , reviving the prospect of a deal. urn:newsml:reuters.com:*:nL3N14A5FS

** Empreendimentos Pague Menos SA, Brazil's No. 3 drugstore chain, agreed to sell a 17 percent stake to U.S. private-equity firm General Atlantic LLC for 600 million reais ($150 million), the latest deal involving an industry yet to feel the pinch of Brazil's steepest recession in a quarter century. urn:newsml:reuters.com:*:nL1N14A24E

** Data storage equipment maker NetApp Inc NTAP.O said it would buy SolidFire, a flash-storage systems maker, for $870 million in cash. urn:newsml:reuters.com:*:nL3N14A53D ($1 = 0.9140 euros)

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