QAN 1.17% $6.92 qantas airways limited

(Adds: Saudi Aramco and Chemaf SA) June 27 (Reuters) - The...

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    (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 conglomerate 
    

    Ultrapar 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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$6.92
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