Deals of the day- Mergers and acquisitions

martes 29 de diciembre de 2015 10:30 GYT
 

(Adds Buwog, China Vanke, Acciona and Tauron)

Dec 29 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1430 GMT on Tuesday:

** Deutsche Bank has agreed to sell its entire 20 percent stake in Beijing-based Hua Xia Bank to Chinese insurer PICC Property and Casualty Co, a deal worth up to $4 billion that will help lift its capital ratios.

** Pep Boys-Manny Moe & Jack said its board determined activist investor Carl Icahn's latest buyout offer was superior to the deal it accepted from Bridgestone Corp , and the U.S. auto parts retailer moved to terminate the Bridgestone agreement.

** Buwog expects to talk to the city of Innsbruck next month about a potential sale of 1,300 apartments the western province of Tyrol, but the Austrian property group is in no rush to sell.

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