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Deals of the day-Mergers and acquisitions

Published 22-02-2018, 04:35 pm
© Reuters.  Deals of the day-Mergers and acquisitions
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Feb 22 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1100 GMT on Thursday:

** Sinclair Broadcast Group Inc SBGI.O has agreed to sell TV stations in Chicago and New York owned by Tribune Media Co TRCO.N as part of its bid to win approval to acquire Tribune, according to a filing with the U.S. Federal Communications Commission. ProSiebenSat.1 Media SE PSMGn.DE has agreed to sell a stake in its e-commerce business to U.S. investment firm General Atlantic as it seeks to finance a shift away from its legacy free-to-air TV business and expand its eclectic digital portfolio. Spain's Repsol REP.MC has agreed to sell its 20 percent stake in Gas Natural to CVC Capital Partners for 3.82 billion euros($4.69 billion), a move that could allow the oil major to restart investment after years of debt reduction. Fosun 0656.HK is taking control of Lanvin, France's oldest surviving couture label, in the Chinese conglomerate's most prominent fashion investment yet. Offshore rig firm Borr Drilling BDRILL.OL , controlled by Norwegian investor Tor Olav Troeim, is proposing to buy its rival Paragon Offshore for $232.5 million in a push to consolidate the fragmented rig market, it said. Malaysia's Sime Darby Plantation SIPL.KL , the world's largest oil palm planter by land holdings, said it has submitted an expression of interest for leading Indian edible oil importer Ruchi Soya RCSY.NS .

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