Deals of the day - Mergers and acquisitions

Reuters04-29

Deals of the day - Mergers and acquisitions

April 29 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Tuesday:

** Chinese offshore oil and gas major CNOOC Ltd 600938.SS may get opportunities to acquire cash-strapped companies if global oil prices keep sliding as the White House's policy agenda pressures oil markets, Yan Hongtao, CNOOC Ltd's president, told an earnings briefing. nP8N3QV09U

** UK fresh food provider Bakkavor Group BAKK.L said it will sell its China operations for a cash consideration of about 50 million pounds ($67 million), a move that comes amidst talks for a takeover by rival Greencore GNC.L. nL4N3R70FN

** Spain's BBVA BBVA.MC said its first-quarter net profit rose 23% and beat forecasts thanks to a solid performance in Spain, where it aims to buy smaller rival Sabadell SABE.MC, to reduce its reliance on Mexico, its main market. nL8N3R70CP

(Compiled by Anuja Bharat Mistry in Bengaluru)

((AnujaBharat.Mistry@thomsonreuters.com))

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