March 19 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0930 GMT on

Thursday:

** BP said on Thursday it would sell its German oil

refinery site in Gelsenkirchen to investment firm Klesch Group

for an undisclosed sum and raised its cost reduction target, in

the latest move to simplify its portfolio and shore up its

balance sheet.

** British defense contractor BAE Systems will sell

its remaining stake in Kazakhstan's Air Astana, the

Kazakh company said on Thursday.

(Compiled by Rajarshi Roy and Varun Sahay in Bengaluru)