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Deals of the day-Mergers and acquisitions

Published 2019-06-27, 09:32 a/m
© Reuters.  Deals of the day-Mergers and acquisitions
SHEL
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ENEI
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NG
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BNS
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AC
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PEA
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ELPL3
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SYNCS
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(Adds Enel , Transat; updates Migros)

June 27 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Thursday:

** Italian utility Enel SPA ENEI.MI launched a tender offer to purchase a 4.1% stake in its Brazilian power distribution company Eletropaulo Metropolitana ELPL3.SA that was still in the market, according to a securities filing. Air Canada AC.TO said that Canadian tour operator Transat AT Inc TRZ.TO had accepted an all-cash offer of C$520 million ($396 million), over a higher bid by real estate developer Group Mach Inc. Bank of Nova Scotia BNS.TO , Canada's third biggest lender, said it would sell its operations in Puerto Rico and the U.S. Virgin Islands to Oriental Bank for $560 million in cash. Canada's Pieridae Energy PEA.V will buy gas assets in Alberta from Royal Dutch Shell RDSa.L for C$190 million ($144.8 million), Pieridae said, securing supply for its planned liquefied natural gas plant in eastern Canada. South Korea's Woongjin Group said it would sell a 25.1% stake in water purifier rental firm Woongjin Coway 021240.KS , just three months after the group regained control of the unit for 1.89 billion won ($1.6 million). The owner of Westfield-branded shopping malls in Australia, Scentre Group SCG.AX , announced the sale of three city-centre towers in Sydney for A$1.52 billion ($1.06 billion) and an A$800 million share buyback. Italian healthcare group Bracco will enhance its imaging unit's portfolio by buying Blue Earth Diagnostics from London-listed rival Syncona SYNCS.L for an equity value of $450 million, Bracco said. Migros, Switzerland's second-biggest retailer, wants to sell off its Globus department stores and Depot and Interio home furnishings businesses to focus more on core operations and online commerce, the cooperative company said. Private bank and asset manager LGT, owned by Liechtenstein's princely family, has agreed to buy a majority stake in Validus Wealth to gain a foothold in India's growing market for high-networth private clients, LGT said.

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