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Deals of the Day-Mergers and acquisitions

Published 2017-01-19, 09:12 a/m
Updated 2017-01-19, 09:20 a/m
© Reuters.  Deals of the Day-Mergers and acquisitions

© Reuters. Deals of the Day-Mergers and acquisitions

(Adds Eneco, International Data Group, Anthem Inc, Starwood Capital Group)

Jan 19 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1400 GMT on Thursday:

** French aero engine maker Safran SAF.PA launched a $9 billion agreed bid for seats manufacturer Zodiac Aerospace ZODC.PA to create the world's third-largest aerospace supplier as the industry bulks up to tackle record high output plans. U.S. buyout firm Bain Capital has joined Key Safety Systems (KSS) in the U.S. auto parts supplier's bid to rescue Takata Corp 7312.T , a source said, as the Japanese firm struggles for survival after a massive recall linked to its faulty air bags. Mediaset MS.MI is open to an accord with Vivendi VIV.PA that supports growth for the Italian broadcaster, its chief executive was quoted as saying, but there is no interest in a possible deal involving Telecom Italia TLIT.MI . Lotte Chemical Corp 011170.KS is looking into acquiring troubled Singapore petrochemical company Jurong Aromatics Corp, as the South Korean company continues to push for growth. Croatia has stepped up plans to take full control of oil group INA INA.ZA by setting up a special group to prepare a proposal for a buyout of Hungarian energy company MOL's

MOLB.BU 49 percent stake. Dutch brewer Heineken NV HEIN.AS is in advanced talks to buy the Brazilian unit of Japanese rival Kirin Holdings Co Ltd 2503.T , financial newspaper Valor Economico said. British engineering firm Smiths Group SMIN.L secured EU regulatory approval on Thursday for its planned acquisition of Morpho Detection from France's Safran SAF.PA . Swedish engineering firm Sandvik SAND.ST said it had failed to close a deal to sell the loss-making Mining Systems unit to CoBe Capital. It said the process to exit the business would now continue with different interested buyers. PGE PGE.WA , PGNiG PGN.WA , Enea ENAE.WA and Energa ENGP.WA - have signed an agreement to buy new shares issued by troubled construction firm Polimex-Mostostal PXMP.WA , they said in separate statements on Wednesday evening. British insurer Aviva AV.L is merging its UK life and general insurance businesses as it focuses on offering a range of products online, it said on Thursday, in an organisational shake-up that includes the departure of its Europe head. Mining gear and compressor maker Atlas Copco ATCOa.ST will sell its road construction equipment business to French industrial and construction company Fayat Group, it said on Thursday, booking a loss of about 2 billion Swedish crowns ($225 million). Bega Cheese BGA.AX will be the new owner of the popular Australian Vegemite brand following its deal to buy most of Mondelez International's MDLZ.O grocery brands in Australia and New Zealand for A$460 million ($345 million). Malaysian offshore drilling services company UMW Oil & Gas Corp Bhd (UMW-OG) UMOG.KL said it would buy Icon Offshore Berhad ICON.KL in a deal that values the offshore support vessel provider at 588.6 million ringgit ($132 million). Dutch energy group Eneco ENECO.UL has agreed to buy half of Lichtblick, Germany's largest independent supplier of renewable energy, to jointly expand in Germany, the Netherlands and other European markets, both companies said in a joint statement. International Data Group, the owner of PCWorld magazine and market researcher IDC, said it was being acquired by China Oceanwide Holdings Group and IDG Capital, the investment management firm run by IDG China executive Hugo Shong. Anthem Inc ANTM.N said it extended the deadline for its acquisition of Cigna Corp (NYSE:CI) CI.N by three months as it awaits a federal court ruling on the U.S. government's lawsuit to block the deal. A unit of private investment firm Starwood Capital Group said it would buy Canada's Milestone Apartments Real Estate Investment Trust MST_u.TO in a deal valued at about $2.85 billion.

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