(Adds Tegna Inc, Alrosa, Orsted, Philadelphia Energy Solutions, Banco de Sabadell,)
Jan 21 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Tuesday:
** Spain’s Banco de Sabadell said it had agreed to sell its asset management arm to Amundi Asset Management for 430 million euros ($476.83 million).
** The bankrupt Philadelphia Energy Solutions is expected to sell its fire-damaged refinery site to real estate developer Hilco Redevelopment Partners, three sources familiar with the situation said.
** Denmark’s Orsted, the world’s largest operator of offshore wind parks, plans to steer clear of super-sized takeovers, its chief executive said, preferring small deals to keep the group among the biggest renewable players.
** The government of Russia’s Yakutia region, a major shareholder in diamond producer Alrosa, has proposed that precious metals and gems repository Gokhran buy $0.5-$1 billion of the firm’s rough diamonds this year, Interfax news agency reported.
** Another large investor in Tegna Inc wants the U.S. regional TV station operator to pursue a merger or sale, arguing a tie-up could be very valuable at a time the industry is facing a wave of consolidation, two people familiar with the matter said.
** European competition authorities are expected to rule on the London Stock Exchange’s $27 billion takeover of data and analytics company Refinitiv “around the summer”, an LSE board member said.
** Proposals to invest in ailing Malaysia Airlines include one from Air France-KLM, which wants as much as 49%, while Japan Airlines is looking at a 25% stake, people with knowledge of the matter said.
** Uber has sold its loss-making online food-ordering business in India to local rival Zomato in exchange for a 9.99% stake in the startup backed by China’s Ant Financial.
** Investors Meridian Foundation and the Beisheim Group have raised their stake in German wholesaler Metro to about 23% and are open to buying more shares, they said, adding they believe the firm is undervalued.
** Japan’s most prominent activist investor launched an up to $235 million hostile bid for control of Toshiba Machine Co Ltd, ignoring a threat by the former Toshiba Corp unit to implement defence measures against a takeover.
** Deutsche Boerse’s Clearstream is buying a majority stake in UBS’s fund distribution company Fondcenter for around $400 million, the companies announced.
** Britain’s TalkTalk has agreed to sell its fibre-to-the-premises (FTPP) network, which has rolled out ultra-fast broadband connections in the northern city of York, to Goldman Sachs-backed CityFibre for 200 million pounds ($260 million).
** China’s troubled Baoshang Bank will be taken over by local governments and a group of state firms, a central bank official with direct knowledge of the matter said, as Beijing looks to shore up some of the country’s weakest lenders.
** Russian steel and coal producer Mechel said it did not take up an option to buy back a stake in its Elga coal mine by a deadline on Monday as it had received an alternative offer.
** VF Corp said it was starting a review for nine workwear brands that target businesses, including Red Kap and Bulwark, as the apparel maker looks to focus on its retail-oriented brands such as Vans.
** Dubai state controlled port operator DP World has taken a 44% stake in Swiss container terminal operator Swissterminal Holding AG, the Dubai government said.
Compiled by Nivedita Balu and Dania Nadeem in Bengaluru