Deals of the day- Mergers and acquisitions

martes 12 de julio de 2016 16:30 GYT

(Adds ValueAct Capital, Brookfield Asset Management, AccorHotels, China Vanke Co Ltd)

July 12 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2030 GMT on Tuesday:

** A group that includes shareholders of Essar Global said it signed a letter of intent with a local unit of the United Steelworkers Union to negotiate a deal to buy Essar Steel Algoma Inc for about $900 million.

** AccorHotels, Europe's largest hotel group, announced a plan to turn its HotelInvest property business into a subsidiary prior to opening a majority of the unit's capital to institutional investors.

** Mexican financing company AlphaCredit has clinched a deal to acquire 95.6 percent of local consumer lender Grupo Finmart from EZCORP Inc and minority shareholders, the companies announced.