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Deals of the day-Mergers and acquisitions

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June 24 (Reuters) -The following bids, mergers, acquisitions and disposals were reported by 0945 GMT on Monday:

** Italian energy group Eni ENI.MI expects to complete the sale of a minority stake in its biofuel unit Enilive by the end of 2024, Chief Executive Claudio De Scalzi said on Monday. nR1N3F102K

** Covestro's 1COV.DE said on Monday it would negotiate with suitor Abu Dhabi National Oil Co (ADNOC) based on a takeover offer of 63 euros ($67.57) per share by the Emirates' energy company. nFWN3IK085

** Allianz Global Investors (AGI), one of the investment arms of German insurer Allianz, has become the first foreign company to own a stake in China's pension insurance giant Guomin Pension. nL1N3IM0AD

** German property lender Aareal Bank will book a gain of around 2 billion euros ($2.14 billion) after it sells its tech unit Aareon to private equity firm TPG and investor CDPQ, it said in announcing the deal. nL8N3IM0AF

** Carlsberg CARLb.CO said that PepsiCo PEP.O has agreed to waive a clause in its bottling deal with Britvic BVIC.L, making the British firm a more attractive acquisition after a $3.9 billion bid by the Danish brewer was rejected. nL4N3IM0GC

** Australian miner Paladin Energy PDN.AX said it had entered into an agreement to buy Canada's Fission Uranium Corp FCU.TO for an implied equity value of C$1.14 billion ($833.03 million). nL4N3IM0FA

** Safran SAF.PA has entered exclusive talks to buy Preligens, a specialist in artificial intelligence solutions in aerospace and defence, at an enterprise value of 220 million euros ($235.4 million), the French jet engine maker said. nFWN3IM045

** British e-commerce firm THG THG.L has agreed to sell its portfolio of luxury goods websites to Mike Ashley's Frasers Group FRAS.L for an undisclosed sum, it said. nL4N3IM0DS

** Australia's Premier Investments PMV.AX said department store chain Myer Holdings MYR.AX had offered to buy its apparel brands business in an all-scrip deal, sending its shares more than 7% higher in early trade. nL4N3IL08F

** United Parcel Service UPS.N, the world's biggest package delivery firm, will sell its Coyote Logistics business unit to RXO RXO.N for $1.025 billion, the companies said on Sunday. nL1N3IL063

(Compiled by Rajarshi Roy and Abhinav Parmar in Bengaluru)


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