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Deals of the day-Mergers and acquisitions

Published 2017-10-17, 06:03 a/m
© Reuters.  Deals of the day-Mergers and acquisitions
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Oct 17 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Tuesday:

** Airbus SE's AIR.PA deal for a majority stake in Bombardier Inc 's BBDb.TO CSeries jet program is expected to jumpstart sales of the Canadian aircraft in Asia, analysts said. China is offering to buy up to 5 percent of Saudi Aramco directly, sources said, a move that could give Saudi Arabia the flexibility to consider various options for its plan to float the world's biggest oil producer on the stock market. Facebook Inc FB.O has acquired tbh, an app popular among teens, as the world's largest social network looks to attract more users. Australia and New Zealand Banking Group Ltd ANZ.AX said on Tuesday it is selling its pensions and investments business to IOOF Holdings IFL.AX in a A$975 million ($765 million) deal. China Foods Ltd 0506.HK said it would sell its wine and other non-beverage businesses to a unit of its state-owned parent COFCO Corp in a deal valued at HK$5.07 billion ($649 million) as it aims to focus on its beverage business.

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