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Deals of the day- Mergers and acquisitions

Published 13-10-2016, 06:35 pm
© Reuters.  Deals of the day- Mergers and acquisitions
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Oct 13 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1300 GMT on Thursday:

** Kellogg Co K.N said it would buy a controlling stake in privately held Brazilian food group Parati for about 1.38 billion reais ($428 million) in cash to expand in emerging markets. Russian oil major NK Rosneft' PAO ROSN.MM , along with European trader Trafigura and Russian fund UCP, will acquire 98 percent in India's Essar Oil ESRO.CL for about $12-$13 billion. Poland has attracted a major investment in its automotive industry from the United States and it is also in talks with Toyota Motor Corp 7203.T on a potential new project in Poland, Deputy Prime Minister Mateusz Morawiecki said. Anglo American Plc AAL.L is expected to finalize a $1 billion-plus sale of its Australian coal assets to a group headed by private equity group Apollo Global Management LLC APO.N in the coming weeks, three sources with knowledge of the deal said. South Korea's Hanjin Shipping Co Ltd 117930.KS is selling major businesses, including its Asia to U.S. route network, and will receive letters of intent by Oct. 28. Poland will offer France alternative investment projects after cancelling a multibillion-dollar military helicopter deal with Airbus Group SE AIR.PA , PAP news agency quoted Polish Prime Minister as saying late on Wednesday. Japanese refiner Idemitsu Kosan Co Ltd 5019.T has put on hold its plan for a full takeover of smaller rival Showa Shell Sekiyu KK 5002.T indefinitely after running into fierce opposition from the Idemitsu founding family. Royal Dutch Shell Plc RDSa.L said it remained fully committed to selling the majority of its stake in Japanese venture Showa Shell Sekiyu KK 5002.T to refiner Idemitsu Kosan Co Ltd 5019.T after the two Japanese entities announced a delay of a planned merger. Taiwan's Ennoconn Corp 6414.TW , part of the world's largest contract electronics manufacturer Foxconn Technology Co Ltd 2354.TW , has bought new shares in Austrian IT group S&T AG SANT1.DE from a 10 percent capital increase and will further raise its holding to 29.4 percent, S&T said. Sweden and Norway said they had sold 23 million shares in SAS AB SAS.ST in a first step toward the governments exiting their long-standing holdings in the Scandinavian airline. Swedish media company Modern Times Group (MTG) AB MTGb.ST it has entered the online gaming market by taking a 35 percent stake in InnoGames and expects to do more such acquisitions. Orange Egypt EMOB.CA has submitted a request for a license to operate fourth-generation mobile phone services in the country, the telecom regulator said, the latest twist in a standoff between operators and the regulator over the terms. SolGold Plc SOLG.L approved a financing proposal by Australia's Newcrest Mining Ltd NCM.AX to help it develop a giant copper mine in Ecuador, after the board rejected an alternative package offered by BHP Billiton Ltd BHP.AX , BLT.L . Slovenia issued a tender for the sale of ladies' tights and stockings maker Polzela, part of the government's privatisation programme. Israel and Turkey agreed to deepen cooperation in the energy sector, taking a further step towards normalising their relations during the first Israeli ministerial visit to Turkey since ties were ruptured six years ago.

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