Jan 11 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1100 GMT on Wednesday:
** HNA Group, one of China’s most acquisitive conglomerates, said it would extend its reach to New Zealand with the $460 million purchase of asset finance firm UDC, prompting an immediate credit rating downgrade for the nation’s biggest non-bank lender.
** American Apparel LLC’s made-in-the-U.S. heritage is uncertain after Canadian apparel maker Gildan Activewear Inc won a bankruptcy auction to acquire the edgy fashion retailer for about $88 million in cash.
** Real estate tycoon Sam Zell and investment firm Pátria Investimentos Ltda have combined two leading Brazilian self-storage firms in a joint venture that aims to more than double their capacity by 2020, the companies said.
** GTM Holdings SA, Latin America’s No. 1 independent distributor of chemical products, has agreed to pay 550 million reais ($172 million) for Brazilian peer quantiQ Distribuidora Ltda, in an effort to gain more foothold in the region’s biggest country.
** A U.S. judge said Alstom SA may ask an independent accounting firm to resolve a dispute over the French company’s $800 million purchase of General Electric Co’s train-signaling business, and rejected GE’s bid for arbitration.
** Oil and gas producer Parsley Energy Inc said on Tuesday it would buy acreage in the Permian Basin for about $607 million as the company increases its presence in the oil-rich region.
** Brookfield Asset Management Inc said it had submitted alternative proposals regarding its interest in buying bankrupt solar company SunEdison Inc’s “yieldco”, TerraForm Power Inc.
** Greece wants to keep a majority stake in its gas grid operator DESFA and sell only a small holding to investors after a previous plan to sell a 66 percent stake collapsed, a Greek newspaper reported.
** The French government’s talks with Chinese investors about taking a minority stake in nuclear fuel group Areva NewCo, which is being split off from Areva, are focusing on governance, French Industry Minister Christophe Sirugue told Reuters. (Compiled by Laharee Chatterjee in Bengaluru)