Deals of the day-Mergers and acquisitions
Feb 3 (Reuters) -The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Friday:
** Japan's Idemitsu Kosan Co 5019.T has agreed to sell its 85% stake in the Ensham coal mine in Australia to a Thungela Resources TGAJ.J subsidiary, Sungela Pty, for an upfront payment of A$340 million ($240 million), it said. nL1N34J0F0
** Zur Rose ROSEG.S unexpectedly agreed to sell its Swiss business to Migros subsidiary Medbase in order to focus on expanding in Germany, the Swiss online drug retailer said , sending its shares soaring on their best day ever. nL8N34J0X4
** The board of Icelandic lender Kvika banki KVIKA.IC has written to its larger rival Islandsbanki ISB.IC proposing a merger. Islandsbanki said it will respond in the coming days. nL1N34J0E2
** Russia's government commission on foreign investment has approved the sale of telecoms company VimpelCom on condition that at least 90% of bonds in Dutch parent VEON are bought back from Russian investors, state-owned news agency RIA reported. nL1N34J0D5
** Malaysia's Petronas [RIC:RIC:PETR.UL] is finalising its first acquisition of an Australian renewable energy business, set to pick up German firm Wirsol's solar farms and a large development pipeline, two people involved in the transaction said. nL1N34J09C
** Australia's Nitro Software NTO.AX said an A$526.9 million ($371.78 million) takeover offer by KKR Inc KKR.N - backed Alludo did not get the requisite 75% vote from its shareholders, after which Alludo made an off-market offer. nL4N34J0TS
** Utility provider FirstEnergy Corp FE.N said on Thursday it would sell a 30% ownership interest in its unit FirstEnergy Transmission LLC (FET) to Brookfield Super-Core Infrastructure Partners in an all-cash deal of $3.5 billion. nL4N34I4KL
** Telecom Italia (TIM) TLIT.MI has received a non-binding bid for a controlling stake in its fixed-line network from U.S. fund KKR KKR.N, and Italy's biggest phone group said its board would meet again later this month to assess the proposal. nL8N34I1NU
(Compiled by Rajarshi Roy in Bengaluru)
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