Deals of the day- Mergers and acquisitions
Oct 25 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Friday:
** The trading arm of China's Guangzhou city government is to buy three quarters of Hong Kong's Chong Hing Bank Ltd for about HK$11.64 billion ($1.5 billion), underscoring the island's attraction for mainland and foreign lenders alike. Family-run Chong Hing is the second bank in Hong Kong, Asia's sixth-biggest loan market, to receive offers recently and takeover talk is also surrounding Wing Hang Bank Ltd.
** Telecom Italia is considering a capital increase and the scrapping of its dividend amongst the options for overhauling its heavily indebted balance sheet, two sources close to the matter said on Friday.
** Vivendi has reached a deal to buy out partner Lagardere's 20 percent stake in pay-television operator Canal+ France for an undisclosed amount, according to French magazine le Nouvel Observateur.