News: GNX Deals of the day-Mergers and acquisitions

March 4 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Monday:

** British insurer Aviva AV.L said it will re-enter the historic Lloyd's insurance market with a 242 million pound ($307 million) acquisition of insurance platform Probitas.

** The sale of a 27% stake in Piraeus Bank by the country's HFSF bank bailout bank has already been oversubscribed, two sources close to the process told Reuters.

** Vivendi's VIV.PA French media company Canal+ will publish a firm intention to buy shares of South African pay-TV company MultiChoice MCGJ.J that it does not already own by no later than April 8, it said.

** German chemicals group Evonik Industries EVKn.DE said it is selling its superabsorbents business to the International Chemical Investors Group (ICIG) for a price in the low triple-digit million-euro range.

** Bayer BAYGn.DE said it acquired the exclusive marketing rights for Europe for a new drug that is under regulatory review to treat a rare, potentially fatal heart disease for up to $310 million upfront.

** The founding shareholders of SoftwareOne SWON.S have scrapped their agreement with U.S. investor Bain Capital to buy the Swiss IT services company, they said.

** Japan's Electric Power Development (J-Power) 9513.T lodged a A$380.9 million ($248.7 million) bid for Australian renewable energy firm Genex Power (GNX) , as Japan's appetite for overseas acquisitions rapidly grows.

** Arkhouse Management, a real-estate-focused investing firm said on Sunday it and Brigade Capital Management have raised their offer for Macy's M.N after the department store chain rebuffed their prior proposal as too low.

** Greece's bank bailout fund will launch an offering for the sale of a stake of up to 22% in Piraeus Bank, but could be increased if the fund so decides, it said on Sunday.