March 29, 2019 / 9:57 AM / 3 months ago

Deals of the day-Mergers and acquisitions

(Adds Arkad Engineering, Saudi Aramco; updates Mondelez, Versum Materials)

March 29 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday:

** A consortium of Saudi Arabia’s Arkad Engineering and a Milan-based Arkad-ABB joint venture has filed the lowest bid to build a pipeline that will carry Russian natural gas across Bulgaria, state network operator Bulgartransgaz said.

** Oreo cookies maker Mondelez International Inc is in advanced talks to buy international brands being sold by U.S. food company Campbell Soup Co, Bloomberg reported late on Thursday.

** Saudi Basic Industries Corp’s (SABIC) investment plans will not be affected by oil giant Aramco’s purchase of a 70 percent stake in the company, its chief executive said, adding SABIC would look to integrate assets with Aramco to boost growth.

** Versum Materials Inc has opened its books to suitor Merck KGaA MRCG.DE, saying the German group’s unsolicited $5.9 billion offer might be sweetened and could edge out an agreed merger with Entegris.

** At least four parties are interested in a minority stake in German utility EWE, three people familiar with the matter said, adding that the asset’s value could be hit by falling network returns and growing retail competition.

** Some 43 percent of Germans are against a merger between Deutsche Bank and Commerzbank, a survey showed, while only 17 percent are in favour.

** Kirkbi, the family holding company behind toy maker Lego, said it had agreed to buy a majority stake in Enerparc Inc, a U.S. affiliate of German solar developer, Enerparc AG.

** Australia’s Wesfarmers Ltd remains keen on buyout talks with rare earths miner Lynas Corp Ltd, the retail-to-chemicals conglomerate said, despite its A$1.4 billion ($992 million) approach being rejected earlier this week.

** South Korean auto parts maker Myoungshin plans to buy General Motors’ car factory in the southwestern city of Gunsan for 113 billion won ($99.5 million), Myoungshin’s parent firm said in a regulatory filing. (Compiled by Sayanti Chakraborty in Bengaluru)

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