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.
** Saudi Arabia’s Savola Group has signed a non-binding agreement to sell its packaging business to Takween Advanced Industries, as it moves to focus on its core sectors of food and retailing, it said on Wednesday.
** JPMorgan Chase & Co is close to a deal to sell half its private equity business, One Equity Partners, the Wall Street Journal reported, citing people familiar with the matter.
** Spanish oil company Repsol SA is considering a bid for Canada-based Talisman Energy Inc , Bloomberg reported, citing people familiar with the matter.
** Canadian dairy cooperative Agropur said on Tuesday that it would acquire the dairy processing assets of Davisco Foods International Inc.
** Mexican billionaire Carlos Slim’s financial holding company Sociedad Inmobiliaria Carso will make an offer to buy the outstanding shares of real estate unit Inmuebles Carso . ($1 = 43.16 Philippine pesos) (Compiled by Ankit Ajmera in Bangalore)