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Oil and Gas

Deals of the day-Mergers and acquisitions

(Adds Saudi Aramco, Autodesk)

April 14 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday:

** Saudi Aramco, the world’s largest oil producer, is in early talks with banks for a loan of about $10 billion to help finance its acquisition of a 70% stake in Saudi Basic Industries Corp (SABIC), according to three banking sources.

** Autodesk Inc said it would take a minority stake in a Texas company that makes software for planning and building infrastructure projects such as roads and bridges.

** Brazilian education company Yduqs said that local antitrust watchdog Cade has approved the acquisition of Adtalem Global Education Inc’s assets in Brazil for 1.92 billion reais ($372.38 million) with no restrictions.

** French automaker Renault SA is ditching its main passenger car business in China following poor sales at the loss-making venture with Dongfeng Motor Group.

** GCL Oil & Natural Gas Co Ltd has signed a framework agreement with Royal Dutch Shell to explore setting up a joint venture based in eastern China to market and trade liquefied natural gas (LNG), the privately owned Chinese company said.

** Finnish flag carrier Finnair said it has signed a letter of intent with Shanghai-based Juneyao Air  to establish a joint venture, which will enable wider code-sharing on the two airlines’ routes.

** Spain’s Cellnex said it had agreed to acquire Portuguese mobile operator NOS’s telecom-tower business for an initial sum of 375 million euros ($409.69 million). (Compiled by Mrinalika Roy and Sanjana Shivdas in Bengaluru)

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