Deals of the day -- mergers and acquisitions

May 30
8:52 AM 2012

The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 1030 GMT on Wednesday:

 ** Italian truckmaker Fiat Industrial plans to merge with its U.S. farm equipment unit CNH, building a global heavyweight industrial machinery group and shifting its focus towards North America.

** Japan's Olympus Corp, hit by a $1.7 billion fraud scandal, plans to shed 2,500 workers and sell an equity stake to either Sony Corp 6758.T or Panasonic Corp in a bid to bolster its finances, local media reported Wednesday.

** Spanish bank Santander has sold a 51 percent stake in its Banco Santander Colombia subsidiary for around 497 million euros ($623 million) to Chilean group Corpbanca .

** German retailer Metro said on Wednesday it would sell its Makro UK stores to Booker Group Plc in a deal valued at 139.7 million pounds ($219 million).

* India's Essar Ports said on Wednesday Belgium's Port of Antwerp has infused 1.75 billion rupees ($31.35 million) into the company, as it looks to expand in the country.

* Underwear maker Hanesbrands Inc said it would exit Europe by selling its Imagewear division, and discontinue private-label production in the United States.

This article is copyrighted by Reuters

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