Deals of the day-Mergers and acquisitions

Reuters SG
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(Adds Bertelsmann, Inditex; Updates Fuji Soft)

Nov 8 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday:

** Bertelsmann on Wednesday completed the sale of its 39.5% stake in staff outsourcing company Majorel to another personnel firm Teleperformance, the German media, services and education conglomerate said.

** Inditex founder Amancio Ortega's investment firm Pontegadea is pushing further into renewable energy, closing in on a deal with Repsol to buy a 49% stake in a portfolio of wind farms and photovoltaic power plants in Spain, two sources familiar with the deal told Reuters.

** Software developer Fuji Soft said on Wednesday it will launch a tender offer to take private four listed subsidiaries in Japan for a total price of about 41 billion yen ($271.78 million).

** U.S.-based private equity firm Warburg Pincus intends to launch a tender offer to acquire control of Brazilian insurance group Alper at a 19.2% premium over its Tuesday closing price, the Brazilian company said on Wednesday.

** Recco Control Technology Pte. Ltd. and Dazheng Group Investment Holdings Company Limited offered to pay $1.64 billion to acquire Hollysys Automation Technologies, increasing its bid by 6% from what if offered to pay in August, the group told Reuters.

** Chinese private equity firm Wise Road Capital is in advanced talks to buy Singapore's Innovalues Holdings from Northstar Group, two sources with knowledge of the matter said.

** China's ByteDance, the parent of short video app TikTok, is offering to buy back shares from its employees outside the United States for $160 apiece, a source familiar with the matter said, a plan that the company confirmed.

** Chinese authorities have asked Ping An Insurance Group to take a controlling stake in embattled Country Garden, the nation's biggest private property developer, four people familiar with the plan said.

** Japan's Sumitomo Life Insurance has increased its investment in Singapore Life (Singlife) via a capital injection of S$179.99 million ($133 million), the Singaporean financial services firm said.

** France's Renault has cut its stake in Nissan 7201.T to 15% from about 43% by placing 28.4% of the Japanese automaker in a French trust, the alliance partners said in a statement, putting them on equal footing of cross-ownership.

** Ahold Delhaize USA said that it had agreed to sell its U.S.-based FreshDirect business to Turkish grocery delivery firm Getir. (Compiled by Rajarshi Roy, Puyaan Singh and Aishwarya Jain in Bengaluru)