Deals of the day- Mergers and acquisitions
July 23 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Wednesday:
** Medium-sized lender Philippine Bank of Communications said on Wednesday that businessman-retailer Lucio Co would buy more than a third of the bank for nearly 6 billion pesos ($139 million), the latest in a wave of mergers and acquisitions in the local banking sector.
** Japan's Itochu Corp and Sumitomo Corp want to sell their stakes in two Australian coal mines and a coal terminal they co-own with Glencore Plc, two people familiar with the matter said on Wednesday.
** State-backed British lender Royal Bank of Scotland is considering selling its Irish unit Ulster Bank to a private equity firm, the Irish Examiner reported on Wednesday, citing unnamed sources.
** Polish cable operator Vectra said on Wednesday that it had increased its bid for a 33 percent stake in telecommunication company Netia to 5.41 zlotys ($1.76) per share. Continuación...