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Deals of the day-Mergers and acquisitions

Published 30/01/2017, 10:25 pm
Updated 30/01/2017, 10:30 pm
© Reuters.  Deals of the day-Mergers and acquisitions

Jan 30 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1115 GMT on Monday:

** Britain's Vodafone Group VOD.L confirmed it was in talks to merge its Indian subsidiary with local rival Idea Cellular IDEA.NS in an all-share deal. Canadian dairy company Saputo Inc SAP.TO said it would make an all-cash takeover offer for the 12 percent of Australia's Warrnambool Cheese and Butter WCB.AX it does not already own, valuing the company at A$682 million ($515 million). Chinese battery maker Contemporary Amperex Technology Limited (CATL) has bought a 22 percent stake in Finnish auto supplier Valmet Automotive to expand in the European electric car market. The German cartel office approved plans by Deutsche Lufthansa AG LHAG.DE to lease 38 crewed planes from smaller rival Air Berlin AB1.DE , a deal which had drawn criticism from rival Ryanair RYA.I . London-based private equity firm HgCapital Trust Plc HGT.L has agreed to sell Zenith, a British vehicle leasing business, to peer Bridgepoint in a deal valued at 750 million pounds ($942.08 million), its manager HgCapital said. German insurer Allianz ALVG.DE has made an informal approach to Australian peer QBE Insurance QBE.AX to canvass its interest in a takeover deal, according to a source familiar with the situation. Mediawan MDWP_p.PA , a media acquisition vehicle founded by well-known personalities, including telecoms billionaire Xavier Niel and Lazard banker Matthieu Pigasse, is in talks to buy Groupe AB to expand in the television sector. Kazakhstan's Halyk Bank HSBKq.L HSBK.KZ , which is in talks to take over rival Kazkommertsbank (KKB) KKGB.KZ , wants the latter to get rid of bad assets before a deal is finalized. WS Atkins Plc ATKW.L , a British engineering and design consultancy, has been approached by U.S. company CH2M for a possible $4 billion merger, the Times reported. Japan Post Holdings Co Ltd 6178.T is not planning to sell more shares in its two financial subsidiaries when the government again sells a stake in the company, Chief Executive Masatsugu Nagato said.

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