(Adds FedEx, PSG Group, Nexi, Novo Banco; Updates Novavax)
May 27 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday:
** Portuguese lender Novo Banco is looking to sell its loss-making retail network in Spain as it faces pressure to prop up its balance sheet and prevent further losses, two sources told Reuters.
** The top investor in Nexi has sold 8.8% of the Italian payments group, cutting its holding in a move seen by investors as easing the way for a long-awaited potential merger with rival SIA.
** Investment holding company PSG Group Ltd said on Wednesday it would offload 28.11% of its stake in Capitec Bank to its shareholders.
** U.S. logistics company FedEx Corp is close to taking a stake in German parcel delivery firm Hermes, the Handelsblatt newspaper reported.
** Novavax Inc is buying a manufacturing plant from privately held Serum Institute of India, the world’s largest maker of vaccines by volume, as the U.S. company aims to produce 1 billion doses of its COVID-19 vaccine candidate next year.
** Renault, Nissan Motor Co and Mitsubishi Motors Corp ruled out a merger and doubled down on a plan to cooperate more closely on car production to save costs and salvage their troubled alliance.
** Capricorn Investment Group, which manages the investment portfolio of former eBay executive Jeffrey Skoll, has taken a 13.06% stake in UK-based sustainable investing firm Osmosis Investment Management for an undisclosed sum.
** Saint-Gobain has sold its stake in Swiss construction chemicals maker Sika, the French company said, netting it 1.54 billion euros ($1.69 billion) and formally ending one of Europe’s most bitter takeover battles.
** A unit of SoftBank Group-backed Indian ride-hailing company Ola will buy Amsterdam-based electric scooter company Etergo as part of its plan to locally build electric vehicles (EVs), the company said.
** France is looking for a buyer to rescue clothing and fashion company Camaieu, one of many in the sector facing financial difficulties due to the hit to business from the coronavirus, said Finance Minister Bruno Le Maire.
** Volkswagen AG is in final talks to seal its largest investment deals with Chinese electric vehicle (EV) firms, two sources said, as the German automaker accelerates its push into the world’s largest market for environmentally friendlier cars.
** Sanofi will raise over $11 billion from the sale of 21.6 million shares in its U.S. partner Regeneron , the French drugmaker said, adding it would use the proceeds for innovation and general growth.
** Barry Callebaut has signed a deal to buy Australian chocolate, coatings and fillings maker GKC Foods, the Swiss company said.
** Amazon.com Inc is in advanced talks to buy self-driving startup Zoox Inc, in a move that would expand the e-commerce giant’s reach in autonomous-vehicle technology, the Wall Street Journal reported on Tuesday.
** German property groups LEG Immobilien and TAG Immobilien have terminated their merger discussions over disagreement on valuation, LEG said in a statement late on Tuesday. (Compiled by Ayanti Bera and C Nivedita in Bengaluru)
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