June 2 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday:
** Shares in Innogy, once Germany’s No.1 energy group by market cap, are expected to be delisted this week, as rival E.ON said it completed a buyout of minority shareholders as part of a broader deal to break up the firm.
** South Africa’s largest insurer Sanlam said it bought the remaining 65% stake in Nigerian insurance business FBN Insurance it did not already own from First Bank, deepening its presence in the West African country.
** EU antitrust regulators will decide by July 6 whether to clear Austrian sensor maker AMS’s 4.6 billion euro ($5.14 billion) bid for German lighting group Osram after a preliminary review, a European Commission filing showed on Monday.
** PKN Orlen has agreed to buy a 65% stake in troubled newspaper distributor Ruch as part of a plan to expand in the retail segment, Poland’s biggest oil refiner said.
** French state-controlled power group EDF said it had agreed to a joint venture partnership with China Energy Investment Corporation (CEI) to develop offshore wind farms in China.
** Australian buy-now-pay-later (BNPL) company Zip Co Ltd said it will buy New York rival QuadPay Inc in an all-share deal that values the target at $269 million, joining a rush of Australian companies to tap the world’s largest consumer market.
** French retailer Carrefour said it had agreed to buy food retailer Wellcome Taiwan from Asia’s Dairy Farm , making it the number two player in Taiwan’s convenience stores market.
** Virgin Australia Holdings Ltd’s administrator said it had selected Bain Capital and Cyrus Capital Partners as the final bidders for the country’s second-biggest airline.
** Hong Kong-based Bank of East Asia Ltd (BEA), which is conducting a review of its portfolios and assets, said it has had no “external discussions” to sell its Hong Kong or China banking business.
** Shinsei Bank Ltd said it will buy New Zealand’s top non-bank finance provider, UDC Finance Ltd, for $480 million in its biggest overseas acquisition to date and marking the latest asset purchase by a Japanese company eager to move beyond a low-growth home market. (Compiled by Mrinalika Roy and Shradha Singh in Bengaluru)
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