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Deals of the day-Mergers and acquisitions

Adds Erste Group Bank AG

Dec 17 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2115 GMT on Wednesday:

** The Polish financial regulator (KNF) has given a green light to Erste Group Bank AG's ERST.VI purchase of a controlling stake in Santander Bank Polska SPL1.WA, it said in a statement on Wednesday.

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** Mortgage lender UWM Holdings  said it will buy Two Harbors Investment  in an all-stock deal valued at $1.3 billion.

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** Spain's Criteria has bought a 2% stake in energy firm Naturgy  for around 485 million euros ($568 million), lifting its holding to 25.986%, a spokesperson for Criteria said following a filing to market supervisor CNMV.

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**  Warner Bros Discovery's  board rejected Paramount Skydance's  $108.4 billion hostile bid , saying it failed to provide adequate financing assurances.

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** Online education platform Coursera  said it would buy rival Udemy  in an all-stock deal, valuing the combined company at $2.5 billion, as the industry consolidates after a post-pandemic slowdown and heightened investor scrutiny.

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** China International Capital Corp <601995.SS> unveiled plans to buy two smaller rivals in a share-swap deal worth about $16 billion, as Beijing strives to build globally competitive investment banks via industry consolidation.

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** Diageo , the world's largest spirits group, has agreed to sell its 65% stake in East African Breweries  to Japan's Asahi Holdings <2502.T> for $2.3 billion, divesting its last direct African beer holding.

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** New Zealand will sell securities worth NZ$1.16 billion ($670.83 million) in telecoms infrastructure provider Chorus , as the government looks for ways to raise equity for other infrastructure projects.

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** Japan's Mizuho Securities said it will buy a majority stake in Indian investment bank Avendus from U.S. investment firm KKR  for up to 81 billion yen ($523 million).

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** U.S. broadcaster E.W. Scripps'  board on Tuesday unanimously rejected Sinclair's  $622 million acquisition proposal, saying it was not in the best interests of the company and its shareholders.

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** Italian water heating firm Ariston  said on Tuesday it will acquire industrial company Riello Group for 289 million euros ($339.58 million).

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 (Compiled by Rajarshi Roy and Katha Kalia in Bengaluru)

 ((Rajarshi.Roy@thomsonreuters.com))

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