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Deals of the day-Mergers and acquisitions

Published 11/05/2017, 08:00 pm
Updated 11/05/2017, 08:10 pm
© Reuters.  Deals of the day-Mergers and acquisitions

May 11 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Thursday:

** Exxon Mobil Corp (NYSE:XOM) XOM.N said it has reached an agreement to buy a refining and petrochemical plant owned by Jurong Aromatics (JAC) in Singapore that will boost its output and meet demand in Asia. The Australian state of New South Wales said it has sold power grid Endeavour Energy to a consortium led by Macquarie Group Ltd MQG.AX for A$7.62 billion ($5.61 billion), relegating foreign bidders to a minority stake. French engineering services group Assystem ASY.PA has made an offer for a 5 percent stake in the new Areva NP reactor unit being formed from the broader restructuring of Areva AREVA.PA . Generali GASI.MI is looking to buy portfolio management teams to expand its asset management operations and its fee-based business after reporting a 9 percent fall in first-quarter profit. Engie ENGIE.PA is in advanced talks with Neptune Oil & Gas about the sale of its oil and gas exploration and production unit and a deal is imminent, a source familiar with the situation told Reuters. TPI Triunfo Participações & Investimentos SA TPIS3.SA and creditors are discussing terms of a restructuring plan allowing the debt-laden Brazilian infrastructure firm to retain cash from potential asset sales while it downsizes further, three people familiar with the situation said. Fireproof industrial materials maker RHI RHIV.VI , which is taking over Brazilian rival Magnesita MAGG3.SA , said it plans to keep the dividend payout at around $33 million in 2017 and 2018, cutting the amount per share for the enlarged group. Britain's planned departure from the European Union opens the door for a UK-Swiss deal covering financial services, the head of one of Switzerland's biggest private banks said. Liberty Global's LBTYA.O John Malone says he is open to doing separate deals with Vodafone VOD.L and British broadcaster ITV ITV.L , but has yet to make the valuations work. Founders of Indian online marketplace Snapdeal and one of its early investors, Nexus, have reached an agreement with SoftBank Group 9984.T that would allow the Japanese firm to move ahead with its plan to sell Snapdeal to bigger rival Flipkart, ET Now reported, citing sources.

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