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Deals of the day-Mergers and acquisitions

Published 2017-12-27, 05:51 a/m
© Reuters.  Deals of the day-Mergers and acquisitions
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Dec 27 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1050 GMT on Wednesday:

** Japan's Mitsubishi UFJ Financial Group (MUFG) 8306.T said it was cautiously optimistic of winning approval to take control of PT Bank Danamon Indonesia BDMN.JK - in what could become the biggest acquisition of an Indonesian firm on record.

China's Geely Holding 0175.HK, which already owns the Volvo Car Group, is buying an 8.2 percent stake in Swedish truck maker AB Volvo VOLVb.ST from activist investor Cevian Capital for around $3.3 billion.

Debt-laden Indian company Reliance Communications Ltd RLCM.NS detailed a plan to cut debt through the sale of some assets. British serviced office provider IWG Plc IWG.L has received a bid approach from Canadian private equity firm Onex and Brookfield Asset Management BAMa.TO , it said.

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