Deals of the day- Mergers and acquisitions

Fri Mar 18, 2016 4:14pm EDT
 
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(Adds KKR, Royal Dutch Shell, Petróleo Brasileiro, Thermo Fisher, CRH, Steinhoff, Sainsbury, Zegona; Updates Starwood Hotels, Banca Popolare)

March 18 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1950 GMT on Friday:

** Private equity firm KKR has agreed to buy Airbus Group's defence electronics business for 1.1 billion euros ($1.2 billion), the European aerospace group said.

** Saudi Arabia's national oil company wants to buy more U.S. refining and chemical plants to expand its footprint in the world's largest energy market once the break-up of its joint venture with Royal Dutch Shell Plc is complete, sources said.

** Banca Popolare di Milano (BPM) and Banco Popolare will decide by March 22 whether to accept tough conditions set by European Central Bank to approve their merger plan to create Italy's third-largest bank.

  Continued...