January 4, 2011 / 2:39 PM / 7 years ago

UPDATE 3-Deals of the day -- mergers and acquisitions

** The UK Takeover Panel ruled on Tuesday that food tycoon Ranjit Boparan must announce a firm intention to make an offer for British group Northern Foods NFDS.L by Jan. 21 or walk away. [ID:nLDE703167]

** Brazil state-run oil giant Petrobras (PETR4.SA)(PBR.N) said on Tuesday it was considering buying the stake of Italy’s ENI SpA (ENI.MI) in Portuguese rival Galp (GALP.LS). [ID:nN04212559]

    ** Istanbul’s ferry operator, the world’s largest carrying more than 100 million people a year, is being sold off in a block tender with bids being collected by March 31, the Istanbul municipality said on Tuesday. [ID:nLDE7031G2]

    ** Shareholders in Hyundai Engineering & Construction (000720.KS) plan to sign a deal by next week to sell South Korea’s top builder to Hyundai Motor Group (005380.KS) after a court cleared the way on Tuesday. [ID:nTOE70306C]

    ** Hungary is in talks about the sale of loss-making airline Malev [MALV.UL], the development ministry said on Tuesday after a report that German low-cost carrier Air Berlin’s (AB1.DE) biggest shareholder was in talks. [ID:nLDE7030Q3] (Compiled by Tina Kwan in Singapore, Shravya Jain and Swati Chitnis in Bangalore)

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