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Deals of the day-Mergers and acquisitions
Mar 15, 2024 3:22 AM

March 15 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0930 GMT on Friday:

** U.S. Steel Corp, which has agreed to be bought by

Japan's Nippon Steel ( NISTF ) for $14.9 billion, must remain a

domestically owned American firm, President Joe Biden said on

Thursday - expressing explicit opposition to the deal for the

first time.

** Swisscom said it will buy Vodafone Italia for 8

billion euros ($8.70 billion) and merge the business with its

Italian subsidiary Fastweb.

** Polish refiner Orlen said it signed an agreement to sell

Gas Storage Poland, the country's gas storage operator, to the

state run gas-pipeline operator Gaz-System.

** British competition regulator said it is looking into

homebuilder Barratt's 2.52-billion-pound ($3.21

billion) all-stock deal to buy smaller rival Redrow ( RDWWF ).

** Euro zone's largest bank BNP Paribas is

considering a potential acquisition of Chinese conglomerate

Fosun International's ( FOSUF ) stake in Belgian insurer Ageas

, Bloomberg News reported on Thursday, citing people

with knowledge of the matter.

(Compiled by Rajarshi Roy and Pratik Jain in Bengaluru)

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