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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions

Adds: Updates: Alimentation Couche-Tard

- The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Friday:

** Canadian retailer Alimentation Couche-Tard <ATD.TO> said it plans to buy Poland's Zabka <ZAB.WA> for about $8.7 billion, marking its largest acquisition and expanding its presence in Central and Eastern Europe after abandoning a $46 billion bid for Japan's Seven & I <3382.T> last year.

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** Spain's Santander <SAN.MC> has offered to acquire the remaining around 10% stake it does not already own in its Brazilian unit <SANB11.SA> through a share swap for around €1.9 billion ($2.19 billion), it said on Thursday.

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** French state investment bank Bpifrance sold a 2.5% stake in telecoms group Orange <ORAN.PA> for 1.1 billion euros ($1.3 billion), while retaining its position alongside the French state as the telecoms operator's largest shareholder.

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** Shell <SHEL.L> said it had agreed to sell its BG Cyprus unit to Hungarian oil and gas firm MOL Group <MOLB.BU> for up to $720 million, as the British oil major sharpens its focus on LNG operations.

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** British supermarket chain Sainsbury's <SBRY.L> said it agreed to sell its Argos general merchandise retailer for at least £120 million ($161 million), exiting a business it bought for 1.1 billion pounds 10 years ago.

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** HSBC <HSBA.L>, <0005.HK> said it will sell its A$36 billion ($25.30 billion) Australian home and personal loan portfolio to investment giant Blackstone <BX.N>, marking its exit from retail banking in Australia.

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(Compiled by Rajarshi Roy and Pragyan Kalita in Bengaluru)

((Rajarshi.Roy@thomsonreuters.com))

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