Deals of the day-Mergers and acquisitions
Deals of the day-Mergers and acquisitions July 21 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Tuesday:
** German carmaker Volkswagen AG <VOWG_p.DE> is in advanced talks to sell a stake in its India business to the JSW industrial conglomerate, in order to infuse fresh capital and bolster the unit, Bloomberg News reported on Tuesday, citing sources.
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** Hungary's OTP Bank <OTPB.BU>, central Europe's largest independent lender, said it has agreed to buy Luminor Bank, the third-largest bank in the Baltics region.
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** Norway's Vaar Energi said on Tuesday it will buy smaller Oslo-listed rival BlueNord to form Europe's largest independent oil and gas producer in a deal worth around $1.33 billion that sent shares in both companies up more than 5%.
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** British outsourcer OCS Group International will buy listed rival Mitie <MTO.L> for £3.1 billion ($4.17 billion), the companies said on Tuesday, forming a facilities management firm positioned to tap booming demand for AI-driven infrastructure services.
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** David Martinez, one of Banco Sabadell's <SABE.MC> largest shareholders who stepped down from the Spanish lender's board last year, has sold a stake of nearly 1.6% in the bank, according to stock market supervisor data reviewed by Reuters on Tuesday.
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** Carl Icahn's Icahn Enterprises <IEP.O> has struck a deal to sell auto-service chain Pep Boys to Mavis Tire Express Services for $700 million in cash, the Wall Street Journal reported on Monday, citing people familiar with the matter.
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** Brazilian digital lender Nubank <NU.N>, formally known as Nu Holdings, said on Monday it has agreed to buy Banco Porto Real, adding a banking license to its financial conglomerate in Brazil, according to a securities filing.
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** Cardinal Health <CAH.N> said on Monday it has agreed to buy AdaptHealth's <AHCO.O> diabetes health business and medical supply provider Strive Medical in separate deals for about $360 million in total, expanding its home care business.
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(Compiled by Rajarshi Roy and Shania S Thomas in Bengaluru)