Deals of the day-Mergers and acquisitions

Nov 17 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Monday:

** HICL Infrastructure <HICL.L> and The Renewables Infrastructure Group Ltd <TRIG.L> will merge to form the UK's largest listed infrastructure investment company worth about 3.98 billion pounds ($5.2 billion), the companies said.

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** Swedish utility Vattenfall said it had agreed to sell its electricity distribution business in Britain, Vattenfall Networks, to Eclipse Power.

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** British utility Castle Water has returned with an improved bid for struggling firm Thames Water, offering a cash injection of at least 1 billion pounds ($1.32 billion) above current proposals, The Times reported.

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** MS&AD subsidiary Mitsui Sumitomo Insurance will acquire an 18% equity stake in U.S.-based asset manager Barings for about $1.44 billion, the company said .

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** Bezeq Israel Telecom <BEZQ.TA> said its mobile unit Pelephone signed a preliminary deal to buy all of rival HOT Mobile for 2.1 billion shekels ($652 million) in cash from Patrick Drahi's Altice International.

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** French oil major TotalEnergies said it has agreed to acquire 50% of Energetický a průmyslový holding’s (EPH) flexible power generation platform in Western Europe in a 5.1-billion-euro ($5.9 billion) all-stock transaction.

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** Spanish construction company ACS <ACS.MC> has agreed to sell the transportation business of its Australian subsidiary UGL to Japan's Sojitz Corporation for over 560 million euros ($650 million), Spanish newspaper El Economista reported, citing sources familiar with the talks.

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** Cosmetics giant L'Oreal <OREP.PA> said it has taken a minority stake in mass-market Chinese skincare brand Lan, marking its second investment in recent months in China, where local brands have grown rapidly.

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** Tokyo Gas <9531.T>, Japan's largest city gas supplier, said it sold its U.S.-based subsidiary, TVL LLC, involved in gas development and production to Grayrock Energy for $255 million.

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(Compiled by Rajarshi Roy and Arnav Mishra in Bengaluru)

((Rajarshi.Roy@thomsonreuters.com))