News: NAB Deals of the day-Mergers and acquisitions

Aug 9 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1010 GMT on Monday:

** Spanish renewable power firm Opdenergy has sold a portfolio of 20 solar projects to Bruc Energy, an investment firm owned by British and Canadian pension funds and a high-profile Spanish businessman, for an unspecified amount.

** National Australia Bank (NAB) will buy Citigroup's C.N local consumer unit for about $882.24 million, the companies said, as the American bank exits the region while buy-now, pay-later rivals challenge the old credit card business model.

** Telecom Italia (TIM) TLIT.MI has signed an agreement with Iliad ILD.PA for the French telecoms group to co-invest in TIM's last-mile grid business FiberCop to speed the rollout of fibre broadband connections in Italy.

** Westpac Banking Corp (WBC) became the latest Australian firm to retreat from the life insurance sector, as it agreed to an A$900 million ($660 million) sale of its domestic unit to Japan's Dai-ichi Life Holdings 8750.T .

** Brookfield Asset Management Inc's BAMa.TO reinsurance unit has agreed to buy U.S. insurer American National Group Inc ANAT.O for about $5 billion, the Wall Street Journal reported, citing people familiar with the matter.

** Macquarie Group's (MQG) asset management arm agreed to buy a majority stake in Southern Water for more than 1 billion pounds ($1.39 billion), pledging to transform the British utility that has faced criticism and fines for polluting local rivers.