(Adds: Saudi Aramco and Chemaf SA)
June 27 (Reuters) - The following bids, mergers, acquisitions and disposals were reported 2000 GMT on Thursday:
** Saudi Aramco 2223.SE is set to take a 10% stake in a thermal engine joint venture between Renault RENA.PA and China's Geely 0175.HK called Horse Powertrain, said two sources familiar with the matter, beefing up a business supplying legacy automakers as electric-vehicle sales slow.
** Cobalt miner Chemaf SA has agreed to sell assets in the Democratic Republic of Congo to Chinese miner Norin Mining to settle debtslargely funded by its long-time partner, commodities trader Trafigura, it said.
** Brazilian retailer GPA PCAR3.SA has agreed to sell its network of gas stations in Sao Paulo state to conglomerateUltrapar UGPA3.SA , it said late on Wednesday, part of a broader push to divest from assets in the fuel industry.
** Italian cablemaker Prysmian PRY.MI will target acquisitions of around 500 million euros ($535 million) and refrain from large M&A deals in the next 2-1/2 years to focus on reducing its 5 billion euros of debt, its chief executive said.
** UltraTech Cement ULTC.NS said it is buying a stake worth up to $228 million in rival India Cements ICMN.NS , intensifying a battle with the Adani group which is challenging its position as the South Asian nation's top cement maker.
** France's Saint-Gobain SGOB.PA has entered into an agreement to buy Dubai-based construction chemicals company FOSROC for around 960 million euros ($1.03 billion) to drive its international expansion, it said.
** Nokia NOKIA.HE said it had agreed to sell its submarine networks business ASN to the French state for 350 million euros ($374 million), but that the deal would not impact its financial outlook.
** Fairfax India Holdings Corp FIHu.TO said its wholly-owned subsidiary, FIH Mauritius Investments, sold a 9.7% stake in Indian private lender CSB Bank CSBB.NS to comply with regulatory norms.
** SK Bioscience 302440.KS will acquire a 60% stake in German pharmaceutical contract manufacturing firm IDT Biologika GmbH from Klocke Gruppe in a deal worth 339 billion won ($243.75 million), the South Korean vaccine maker said.
** German sandal maker Birkenstock BIRK.N said on Wednesday it has priced a $756 million secondary offering by an entity affiliated with L Catterton at $54 apiece.
** Brazilian pulpmaker Suzano SUZB3.SA said on Wednesday it has terminated talks to buy International Paper IP.N , adding the U.S.-based firm did not engage with the highest price it was willing to pay.
** Contract manufacturer Future Pak said on Wednesday it has withdrawn its offer to acquire Vanda Pharmaceuticals VNDA.O , citing non-engagement from the U.S. drugmaker.
** Haleon HLN.L will sell its nicotine replacement therapy business outside the U.S. to a unit of India's Dr. Reddy's REDY.NS for 500 million pounds ($632.55 million), the British consumer healthcare company said on Wednesday.
** Qatar Airways is in talks to buy up to a 20% stake in Bain Capital-owned Virgin Australia, the Australian Financial Review (AFR) reported on Wednesday, as carriers fight for more market share in the country against dominant airline Qantas (QAN) .
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Price($) | Vol. | No. |
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