June 24 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0930 GMT on Tuesday:
** Italian utility ACEA has approved a binding offer
from Eni's retail and renewables business Plenitude to
acquire its energy retail arm ACEA Energia in a deal worth 588.5
million euros ($682 million), it said.
** South Korean game company Krafton Inc said it
had agreed to buy Japan's advertising and animation group ADK
for 75 billion yen ($516.21 million).
** Ohio Farmers Insurance Company, the parent company of
Westfield, has entered into a definitive agreement to sell
Westfield Bancorp to First Financial Bancorp in a cash-and-stock
transaction valued at $325 million.
** Volvo's Construction Equipment (CE) unit said it
will sell its 70% stake in China's Shandong Lingong Construction
Machinery Co to a fund primarily owned by minority owner Lingong
Group for 8 billion Swedish crowns ($837 million).
** The Spanish government is set to impose additional conditions
to approve BBVA's proposed 14 billion euro ($16
billion) hostile takeover of smaller rival Sabadell,
newspaper La Vanguardia said on Tuesday, citing unidentified
sources.
(Compiled by Rajarshi Roy and Apratim Sarkar in Bengaluru)