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Deals of the day-Mergers and acquisitions



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Adds: Eneva, Ithaca Energy, Korean Air

April 24 (Reuters) -The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Wednesday:


** Brazilian oil and gas companies Eneva ENEV3.SA and PetroReconcavo RECV3.SA are discussing a potential merger, local newspaper Valor Economico reported, citing sources familiar with the matter.

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** Ithaca Energy ITH.L has agreed to buy nearly all Eni's ENI.MI UK oil and gas producing assets for about 754 million pounds ($938.3 million) in stock, as it looks to become one of the biggest independent energy companies in the North Sea.

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** Korean Air 003490.KS is in talks over the purchase of at least 10 Boeing BA.N 777X jetliners in a potential tilt back towards its traditional U.S. supplier after placing a major order with European rival Airbus AIR.PA, two industry sources said.

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** Link Administration's LNK.AX investors approved Mitsubishi UFJ Financial Group's 8306.T A$1.2 billion ($781.68 million) buyout bid at a shareholder meeting .

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** Abu Dhabi state-controlled fund ADQ is acquiring a 49% stake in Australian infrastructure investor Plenary Group, the two companies announced in a deal Australian media reported was worth around A$1 billion dollars ($651 million).

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** China's Zhaojin Mining Industry 1818.HK said that its A$733 million ($477.8 million) offer to buy Australia's Tietto Minerals TIE.AX has become unconditional.

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** South Korean petrochemical company LG Chem 051910.KS denied a media report saying it is considering merging its naphtha cracker business with rival Lotte Chemical 011170.KS.

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** Australia's Cleanaway Waste Management CWY.AX said it was not in discussions with industrial conglomerate Seven Group Holdings SVW.AX over a potential takeover of the waste disposal firm amid media reports over a deal.

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(Compiled by Rajarshi Roy and Anuja Bharat Mistry in Bengaluru)

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