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Deals of the day- Mergers and acquisitions

Published 2017-06-02, 06:07 a/m
© Reuters.  Deals of the day- Mergers and acquisitions

June 2 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Friday:

** Italy's Enel ENEI.MI has mandated Sberbank SBER.MM to arrange the sale of its Reftinskaya coal power plant in Russia and hopes to do the deal in 2017, Enel Chief Executive Francesco Starace told Reuters. Swedish engineering group Sandvik SAND.ST said it was selling its process systems business to FAM AB for 5 billion Swedish crowns ($576 million), sending shares higher. Barclays BARC.L announced the sale of its Zimbabwe bank to Malawi-listed First Merchant Bank FMB.MV as the British lender continues its exit from Africa. Metro Bank Plc MTRO.L said it bought a mortgage portfolio from a company owned by U.S. private equity firm Cerberus Capital Management LP CBS.UL for 596.7 million pounds ($768.2 million), augmenting its loan book with primarily buy-to-let mortgages. French crystal maker Baccarat CDBP.PA said that Chinese investment group Fortune Fountain Capital has signed a commitment to acquire an 88.8 percent stake in the company from U.S investment firms Starwood Capital Group and L Catterton. Brazil's state-run utility Companhia Energética de Minas Gerais is trying to sell assets worth 6.5 billion reais ($2 billion), the company said in a securities filing on Thursday. U.S. oil and gas producer Apache Corp (NYSE:APA) APA.N is selling Canadian light oil assets to Canada's Cardinal Energy Ltd CJ.TO to focus on high-growth areas like the Permian basin shale play, an Apache spokesman said on Thursday.

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