Deals of the day -- mergers and acquisitions

April 21 Thu Apr 21, 2011 5:25am EDT

April 21 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 0900 GMT on Wednesday.

** Oil giant Sinopec on Thursday signed China's second-largest gas purchase agreement, worth around $85 billion over 20 years by one estimate, in a deal that also gives it 15 percent of an Australian gas-export project. [ID:nL3E7FL03N]

** China's Yanzhou Coal Mining Co is on a shortlist of bidders for Whitehaven Coal , the Australian company said on Thursday, responding to media reports that Yanzhou had pulled out of bidding for the $3.6 billion company. [ID:nL3E7FL07B]

** Italian automaker Fiat SpA has agreed to pay $1.27 billion euros for another 16 percent stake in U.S. peer Chrysler this quarter, the Italian automaker said on Thursday, in a deal that was faster and cheaper than expected. [ID:nLDE73K0BT]

** Novolipetsk Steel (NLMKq.L), Russia's fourth-largest steelmaker, said it will take full control of its joint venture with Swiss-based Duferco for about $600 million to expand its global rolled steel capacity. [ID:nLDE73K05Y]

** India's Tata Steel said on Thursday it has agreed to sell 51 percent stake in unit Tata Refractories to Krosaki Harima Corp , valuing the Indian company at 11.30 billion rupees ($255 million). [ID:nWNAS1854]

** Chinese regulators have approved Nokia Siemens Networks' (NSN) acquisition of Motorola Solutions' telecom network gear business, clearing the last major hurdle for the deal to go through. [ID:nLDE73K0CQ]

** Generali would like to own 50 percent of China's Guotai Asset Management as it bets on Asia to boost its asset management business, the Italian insurer's top executive was quoted as saying on Thursday.[ID:nLDE73K087] (Compiled by Mayuresh Tungare in Bangalore)

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