August 29 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 1930 GMT on Friday:

** Kraft Heinz ( KHC ) is closing in on a plan to break

itself up, the Wall Street Journal reported, citing people

familiar with the matter.

** Spain's BBVA said on Friday it had adjusted its

takeover offer for Sabadell to maintain its value

after the latter's interim dividend payment, as it awaits the

supervisor's approval for its now over 15 billion euro ($17.56

billion) hostile bid.

** Brazil's state-run oil firm Petrobras has been receptive

to a proposal by IG4 Capital to take over engineering group

Novonor's controlling stake in Latin America's largest

petrochemical company, Braskem ( BAK ), four people familiar

with the talks told Reuters.

** Global investment firm Rhône Group has signed a deal to

buy U.S. restaurant chain Freddy's Frozen Custard & Steakburgers

for around $700 million, including debt, according to two people

familiar with the matter.

** Ethanol producer Inpasa and Brazilian grain processor and

exporter Amaggi have agreed to form a joint venture to build at

least three corn-based ethanol plants in Mato Grosso, Brazil's

top grain producing state, the firms said.

** Britain's Wood Group has agreed to a

216-million-pound ($292 million) conditional takeover bid from

Dubai-based Sidara, the companies said, ending a pursuit that

spanned more than a year and involved multiple offers and

rejections.

** PepsiCo ( PEP ) has raised its stake in Celsius Holdings ( CELH )

through a $585 million deal, as the global soda and

snacks maker strengthens its energy drink business amid shifting

consumer preferences.

** DuPont ( DD ) will sell its heat-resistant fiber business

Aramids, home to brands such as body armor maker Kevlar, to peer

Arclin for $1.8 billion as the chemicals company undergoes a

broader reorganization.

** British private equity firm Permira said it has

approached the board of JTC for a takeover proposal,

sending the shares of the London-listed financial services firm

soaring over 17%.

** Czech-based firearms maker Colt CZ Group SE has

agreed to buy a majority stake and potentially all of the shares

in Synthesia Nitrocellulose, in a deal valuing the Czech

gunpowder ingredient maker at 22 billion crowns ($1.05 billion).

** Canadian oil and gas producer Strathcona Resources ( STHRF )

said on Thursday it intends to buy an additional 5%

stake in rival MEG Energy ( MEGEF ) and vote against the

acquisition of MEG by another rival, Cenovus Energy ( CVE ).

(Compiled by Rajarshi Roy and Pooja Menon in Bengaluru)