Deals of the day -- mergers and acquisitions
June 28 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday:
** China is the likely winner of ConocoPhillips' stake in Kashagan, the biggest oilfield discovered in nearly 50 years, three sources familiar with the talks said on Friday.
One of the sources said the Chinese side was likely to pay $5.3-$5.4 billion for the stake in the North Caspian Operating Company (NCOC), but the final price was not determined.
** Argentina's $5 billion informal compensation offer for seizing Repsol's stake in energy firm YPF sets a floor for talks, but the cash-strapped country may struggle to come up with a better offer.
** Britain kicked off the process of appointing advisors for a sale of its shares in Lloyds Banking Group and Royal Bank of Scotland, asking investment banks to submit proposals by July 8. Continued...