July 9 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Wednesday:
** Romanian investment fund Fondul Proprietatea said it raised 212.7 million lei ($66 million) for its 13.5 percent stake in state-owned power grid operator Transelectrica through an accelerated bookbuilding process.
** Billionaire Carlos Slim’s America Movil said on Tuesday it is ready to divest assets in an unprecedented step to cut its market share in Mexican telecoms below 50 percent and escape the burden of tougher regulations.
** Chinese steel giant Baosteel Resources and Australian rail operator Aurizon Holdings Ltd said they will make a compulsory acquisition of Aquila Resources Ltd after raising their joint stake to over 90 percent.
** Empire Co Ltd, the operator of Canadian grocery chain Sobeys Inc, said it will sell its dairy manufacturing plants in Western Canada to Agropur Cooperative for $356 million.
** The International Finance Corp (IFC), the World Bank’s private investment arm, is seeking an independent analysis of Brazilian bank Itaú Unibanco Holding SA’s planned takeover of Chile’s CorpBanca, in which the IFC holds a 5 percent stake.
** U.S. drugmaker AbbVie Inc has been forced to retract comments by its chief executive about shareholder support for its bid for Shire Plc after being caught out by British takeover rules.
Under UK Takeover Panel rules a company attempting to acquire a rival is not allowed to claim support for its bid unless it has this in writing from shareholders. (Compiled by Rohit T.K. in Bangalore)