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Home STOCKS Offers of the day-Mergers and acquisitions By Reuters

Offers of the day-Mergers and acquisitions By Reuters

(Provides Navitas Petroleum, BNDES, Oi SA, VTB updates Intesa Sanpaolo )
July 28 (Reuters) – The following bids, mergers, acquisitions and disposals were being claimed by 2000 GMT on Tuesday:
** Israel’s Navitas Petroleum said the Blackstone (NYSE:) Group BX.N signed a preliminary offer to elevate its stake in a drilling task in the Gulf of Mexico to 47% from 16%. Brazilian growth bank BNDES has made the decision to market aspect of its stake in energy business AES Tiete SA to AES Corp AES.N , a filing confirmed. Brazilian telecommunications organization Oi SA confirmed that it acquired a new 16.5 billion reais ($3.2 billion) bid for its mobile assets from Telecoms Tim Participacoes , Telefonica (MC:) Brasil and The usa Movil’s Claro . Russian bank VTB has obtained the remaining 30% of grain trader Mirogroup to increase its holding to 100% as it carries on to expand its grain investing pursuits. Italy’s Intesa Sanpaolo scored a entire victory in its takeover fight for UBI Banca , securing the two-thirds the greater part it desires to absorb the lesser rival and enjoy the greatest advantages from the deal. IAG , the mum or dad of British Airways and Spain’s Iberia, is close to an arrangement to halve the price of its planned 1 billion euro ($1.17 billion) acquisition of Spanish rival Air Europa, newspaper Cinco Dias noted. Mukesh Ambani’s Reliance Industries Ltd will spend concerning 240 billion and 270 billion rupees ($3.2-$3.6 billion) to buy the Indian retail chains owned by Long run Group, Mint newspaper noted, citing two resources familiar with information of the offer. Telecoms Tim Participacoes , Telefonica Brasil and The united states Movil’s Claro on Monday night elevated their bid to buy Oi SA’s OIBR4.SA cellular assets out of personal bankruptcy for 16.5 billion reais ($3.21 billion).
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