Sept 30 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0930 GMT on Tuesday:
** Japan's Nippon Steel ( NISTF ) reported it had bought a
30% stake in Canada's Kami iron ore project, forming a joint
venture with Australia's Champion Iron ( CIAFF ) and Sojitz ( SZHFF )
to secure high-grade ore supplies for direct reduced
iron.
** TKMS, the defence business that German conglomerate
Thyssenkrupp aims to spin off this autumn, plans to raise its
profit margin to more than 7% to close a gap with rivals,
banking on soaring military demand amid fears of Russian
aggression.
** Australian natural gas producer Tamboran Resources ( TBN )
has inked an agreement to acquire Irish oil and gas
firm Falcon Oil & Gas ( FOLGF ) in a cash-plus-stock deal valued at
C$239 million ($171.81 million), the two companies
reported.
** Cosmetics maker Coty ( COTY ) has launched a strategic
review of its consumer beauty business, it said, as it plans to
focus on the more profitable fragrances unit.
** Australia's Seven West Media said it would merge
with Southern Cross Media to create a A$417 million
($273.97 million) metropolitan and regional media group to
better compete with global streaming platforms.
** Turkish Airlines and Bahrain's flag-carrier
Gulf Air have signed a memorandum of understanding to boost
cooperation, Turkey's flag-carrier said, adding the accord aimed
to drive mutual growth and business development.
** Kuwait has started accepting bids for a three-part U.S.
dollar-denominated bond offering with 3-year, 5-year and 10-year
maturities, fixed income news service IFR reported.
** Vopak has entered into an exclusive agreement
with shipping firm Seapeak to provide a floating and
regasification unit for its liquefied natural gas import
terminal project in Australia, the Dutch tank storage firm
reported.
(Compiled by Dharna Bafna in Bengaluru)