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Deals of the day-Mergers and acquisitions
Sep 2, 2024 2:20 AM

Aug 30 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0930 GMT on Friday:

** Singapore Airlines (SIA) said it has received

approval from the Indian government for foreign direct

investment, as part of a merger in which Vistara, its 49%-owned

joint venture with Tata, will be absorbed into Air India.

** Hungarian consortium Ganz-Mavag said it was withdrawing

the tender offer for all the shares of Spanish train

manufacturer Talgo after the government vetoed the

transaction earlier this week.

** Unieuro's board of directors failed to agree

on the priceof a takeover bid from Fnac Darty and Ruby

Equity Investment, the Italian consumer electronics retailer

said.

** PPG Industries ( PPG ) will sell its silica products

business to Polish chemical company QEMETICA for $310 million,

the paints and coatings maker said.

(Compiled by Rajarshi Roy and Harshita Mary Varghese in

Bengaluru)

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