Deals of the day- Mergers and acquisitions

Fri Dec 12, 2014 4:00pm EST
 
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(Adds Hearst Corp, Bain, Gazprom, Repsol, revel Casino)

Dec 12 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Friday:

** Hearst Corp said it will raise its stake in global credit rating agency Fitch Group to 80 percent from 50 percent in a deal valued at about $2 billion as the media giant diversifies away from its newspaper foundations.

** China Communications Construction Co Ltd (CCCC) has agreed to buy a building unit of Leighton Holdings Ltd for A$1.15 billion ($951 million), gaining a foothold in Australia ahead of an anticipated construction flurry.

** Photoshop maker Adobe Systems Inc said it would buy stock photography company Fotolia for $800 million.

** U.S.-based private equity group Bain is hoping to win the bidding for German elevator components maker Wittur in a potential deal worth more than 600 million euros ($750 million), several people familiar with the transaction said.   Continued...