(Adds Blackstone, Acciona, Kuwait Finance House; Updates Cellnex, Fortum)
Oct 8 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Tuesday:
** Buyout group Blackstone and Danish family investor Kirkbi are launching the sale of German insulation foam maker Armacell in a potential 1.3-1.5 billion euro ($1.43-$1.65 billion) deal, people close to the matter said.
** Spanish renewable energy producer Acciona has increased its bet on the wind turbine industry, launching a bid for Nordex that values the German turbine maker at more than 1 billion euros ($1.2 billion).
** Kuwait Finance House (KFH) CEO Mazin al-Nahedh said he expected to get central bank and regulatory approval within one month for KFH’s merger with Bahrain’s Ahli United Bank.
** Australian travel and tourist firm SeaLink Travel Group said it will acquire bus operator Transit Systems Group for an enterprise value of A$635 million ($427.48 million), in a move to help the firm tap international markets.
** Brazilian education provider Kroton SA is creating a new holding entity that will oversee four different companies focused on higher education as well as primary and secondary schooling, as part of a broad organizational reshuffle.
** Hong Kong’s bourse scrapped its unsolicited $39 billion approach for London Stock Exchange Group (LSE) after failing to convince LSE management to back a move that could have transformed both global financial services giants.
** Martin Sorrell’s advertising vehicle S4 Capital said its digital content unit, MediaMonks, would merge with U.S.-based marketing agency Firewood as the company pushes further into a lucrative digital space.
** German wind turbine maker Nordex said it had launched a 10% cash capital increase through a private placement to its anchor shareholder Acciona, which was followed by Acciona launching a takeover offer.
** Cellnex has agreed to buy the telecoms division of Britain’s Arqiva for 2 billion pounds ($2.5 billion), expanding the Spanish company’s phone tower network to more than 50,000 sites across Europe.
** The privatization of France’s national lottery company Francaise des Jeux (FDJ) is expected in a “few weeks” and could raise 1 billion euros ($1.1 billion), FDJ head Stephane Pallez told BFM Business TV.
** Finnish utility Fortum is set to gain control of Germany’s Uniper by acquiring the stakes of activist funds Elliott and Knight Vinke, potentially ending a long-running deadlock over ownership of the group.
** The German government has started preparations to sell state financier Depfa as it seeks to draw a line under the country’s largest bailout of the financial crisis a decade ago, people close to the matter said.
** Martin Sorrell’s S4 Capital has bought Silicon Valley’s biggest independent agency, Firewood, for $150 million in its latest deal to form a purely digital global advertising firm. (Compiled by Trisha Roy in Bengaluru)
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