Deals of the day- Mergers and acquisitions

miércoles 9 de julio de 2014 06:01 GYT

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.   Continuación...