Deals of the day- Mergers and acquisitions
Oct 17 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Friday:
** Financial services group Old Mutual Plc's wealth arm will acquire investment management firm Quilter Cheviot for 585 million pounds ($941 million) from European private equity house Bridgepoint.
** Spanish builder ACS Actividades de Construccion y Servicios SA said its unit Iridium had agreed to sell 80 percent of its holdings in various concessions including a Madrid hospital and a Barcelona metro line for 175.2 million euros ($224 million).
** Norwegian recycling firm Tomra Systems ASA will start a process to sell Orwak Group, part of its compaction division, the company said in its quarterly report.
** Cash-rich Singapore Airlines Ltd is injecting up to $110 million to take control of loss-making affiliate Tiger Airways Ltd, shoring up the budget carrier while scrapping its regional ambitions as competition rages.