Deals of the day-Mergers and acquisitions

Reuters12-19
Deals of the day-Mergers and acquisitions

Dec 19 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Friday:

** Coty <COTY.N> has sold its remaining 25.8% stake in hair care brand Wella to KKR <KKR.N> for $750 million, while retaining rights to a share of any future sale or initial public offering proceeds, the U.S. cosmetics maker said.

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** Japan's MUFG <8306.T> will acquire a 20% stake in Shriram Finance Ltd $(SFL)$ <SHMF.NS> for $4.4 billion, the Indian non-bank lender said, marking the largest cross-border investment in India's financial sector.

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** Portuguese conglomerate Semapa <SEM.LS> has agreed to sell its cement maker Secil to Spain's Cementos Molins <CMTM.SCT> for an enterprise value of 1.4 billion euros ($1.64 billion), it said.

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** Clariant <CLN.S> has sold its business in Venezuela to CMV Quimica for around 1.4 million Swiss francs ($1.76 million), part of an ongoing restructuring push, the specialty chemicals maker said in a statement.

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** Canadian mining company Lundin Mining <LUN.TO> said on Thursday that it plans to sell its Eagle nickel-copper mine and Humboldt Mill to Talon Metals <TLO.TO> in exchange for shares, creating a pure-play American nickel-copper company.

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(Compiled by Rajarshi Roy and Katha Kalia in Bengaluru)

((Rajarshi.Roy@thomsonreuters.com))

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