April 12 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0930 GMT on Friday:
** Japan's Mitsubishi UFJ Financial Group ( MUFG ) is
buying a 20% stake in HDFC Bank's non-banking unit HDB
Financial Services, valuing the IPO-bound subsidiary between $9
billion and $10 billion, the Economic Times reported.
** The United Arab Emirates' state-owned oil company
recently considered buying Britain's BP but the
deliberations did not progress beyond preliminary discussions,
people familiar with the matter told Reuters.
** Societe Generale said it had agreed the sale to
Moroccan conglomerate Saham Group of Société Générale Marocaine
de Banques and La Marocaine Vie for 745 million euros ($797.45
million), as part of a wider divestment strategy, lifting its
shares by more than 2%.
** Australia's Boral ( BOALF ) recommended that investors
accept an up to A$1.5 billion ($980.70 million) takeover offer
from its largest shareholder Seven Group Holdings,
after negotiating an increase in the cash component of the deal.
** Brookfield Asset Management ( BAM ) is in advanced talks
to acquire a majority stake in private credit manager Castlelake
with an investment of more than $1.5 billion, the Financial
Times reported on Thursday.
** Four board members at Paramount Global ( PARAA ) will step
down amid reports that the entertainment giant controlled by
Shari Redstone was discussing a merger with Skydance Media, the
company disclosed in its proxy filing on Thursday.
(Compiled by Rajarshi Roy and Anuja Bharat Mistry in Bengaluru)