Dec 6 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 1030 GMT on Friday:

** Hong Kong-listed JD Logistics ( JDLGF ) will acquire the

36.43% stake it does not already own in Kuayue-Express Group for

not more than 6.48 billion yuan ($892 million), the company

said.

** Britain's Guardian Media Group (GMG) and its owner the

Scott Trust have agreed to sell The Observer, the world's oldest

Sunday newspaper, to startup Tortoise Media, the two groups said

on.

** British insurer Aviva has agreed to buy smaller

rival Direct Line in a sweetened 3.61 billion pound

($4.60 billion) cash-and-stock deal that will create the UK's

largest home and motor insurer.

** British sportswear and fashion group Frasers ( SDIPF )

launched a bid to takeover Norwegian sporting goods retailer XXL

ASA, saying it did not agree with the Oslo-listed

company's plan to issue more shares.

** Singapore's Aelios, owned by billionaire couple Gordon

and Celine Tang, on Thursday launched a mandatory general offer

to buy shares in Suntec Real Estate Investment Trust SUNT.SI

that valued the REIT at S$3.39 billion ($2.53 billion).

(Compiled by Rajarshi Roy and Aamir Sohail in Bengaluru)