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Deals of the day-Mergers and acquisitions

Oct 15 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Wednesday:

** Spain's Santander  is merging its digital lender Openbank with its consumer finance business in Europe as part of a drive to simplify its structure and reduce costs, the bank said.

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** Bouygues Telecom , Free-iliad Group and Orange  said on Tuesday they had submitted a non-binding offer to acquire a large part of Altice's activities in France for a total enterprise value of 17 billion euros.

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** Spanish gas grid operator Enagas  is in talks to acquire Singaporean sovereign wealth fund GIC's 32% stake in Terega, France's second-largest gas transmission operator, according to two people familiar with the situation.

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 (Compiled by Rajarshi Roy and Dharna Bafna in Bengaluru)

 ((Rajarshi.Roy@thomsonreuters.com))

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