Deals of the day-Mergers and acquisitions
Deals of the day-Mergers and acquisitions Adds: Shell, Updates: BASF
Oct 9 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Friday:
** Shell's SHEL.L Canada unit agreed to acquire a 30% non-operated interest in the Bay du Nord project, located offshore Newfoundland and Labrador, from Norway's Equinor EQNR.OL.
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** BASF BASFn.DE, under pressure from Chinese rivals, could raise its offer for Evonik EVKn.DE if there are talks with the specialty chemicals maker, two people close to BASF told Reuters.
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** Energy distributor DCC Energy DCC.L said it would sell its technology division, Nexora, to private equity firm One Equity Partners for a total enterprise value of $725 million, on a cash- and debt-free basis.
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** Scotchstone Capital LLP said it is weighing a possible offer for Irish bank Permanent TSB PTSB.I.
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** Asia-focused investment firm PAG is in exclusive talks to acquire a majority stake in the property services unit of debt-laden developer China Evergrande Group, said two people close to the transaction.
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** Coca-Cola KO.N is seeking to unwind its $5 billion acquisition of British coffeehouse Costa Coffee after a sales process failed earlier this year, Semafor reported on Thursday, citing people familiar with the matter.
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(Compiled by Rajarshi Roy in Bengaluru)