Deals of the day -- mergers and acquisitions
The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 1030 GMT on Monday:
** A court upheld a decision by Poland's competition watchdog to block the 7.5-billion zloty ($2.3 billion) purchase of utility Energa by its larger state-controlled sibling PGE , a presiding judge said.
** Oil company Genel Energy is to acquire a 23 per cent stake in the Bina Bawi exploration licence in Kurdistan for $175 million to build on its existing presence in the region.
** Russia-focused private equity firm Baring Vostok will invest $50 million into Tinkoff Credit Systems (TCS), a fast-growing local mid-sized lender, TCS said at the weekend.
** Arabtec Holding, UAE's largest builder by market capitalisation, said Aabar Investments owns 20.8 percent in the company, clarifying reports that the Abu Dhabi fund had taken a majority stake in the Dubai firm.
** Private equity firm Triton said it had struck a deal to sell Scandinavian installation services provider Bravida to investment group Bain Capital for an undisclosed sum, the latest deal in the Nordic region's buzzing private equity sector.
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