July 3 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0930 GMT on
Thursday:
** Life and pensions company Chesnara ( CSNRF ) has agreed to buy
HSBC's ( HSBC ) UK life insurance business for 260 million
pounds ($355 million) in cash, Chesnara ( CSNRF ) said.
** Luxembourg-based investment vehicle Reinet Investments
said it was in advanced talks with Athora Holding to
sell its nearly 50% stake in UK insurer Pension Insurance
Corporation.
** Activist investor Starboard Value has built an over 9% stake
in online travel firm Tripadvisor ( TRIP ), a person familiar
with the matter said on Wednesday.
** Santander's plan to buy TSB for 2.65 billion
pounds ($3.61 billion) and boost its position in the UK came
together only a few weeks ago, after the Spanish bank had been
considering a possible exit from Britain, three sources close to
the process said.
** The Ardonagh Group has continued the build-out of its
operations in Asia with the acquisition of a majority stake in
Apex Insurance (Holdings) Limited in Hong Kong.
** Global agribusiness Bunge Global ( BG ) said it officially
closed a long-delayed deal to merge with Glencore ( GLCNF )-backed
Viterra on Wednesday, two years after announcing the
$34 billion mega-deal.
** A U.S. court officer overseeing the auction for PDV Holdings,
the parent of Venezuela-owned U.S. refiner Citgo Petroleum, has
recommended a $7.38 billion bid from Dalinar Energy, a unit of
Gold Reserve ( GDRZF ), according to a court filing and a company
statement.
** Property developer China Vanke's biggest
shareholder, state-owned Shenzhen Metro, will provide a loan of
up to 6.2 billion yuan ($865.78 million) and has agreed to
extend existing loans totalling 890 million yuan, it said on
Thursday.
(Compiled by Rajarshi Roy and Siddhi Mahatole in Bengaluru)