Deals of the day-mergers and acquisitions

Thu Jul 11, 2013 4:12pm EDT
 
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July 11 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:

** German bathroom fixtures maker Grohe AG has attracted bidding interest from several rivals, which have been asked to submit tentative offers by the end of next week, three people familiar with the process told Reuters.

The potential sale to rivals, which could value Grohe at up to 4 billion euros ($5 billion), could become the largest European deal involving private equity investors this year.

** World No. 1 copper producer Codelco is mulling selling some nonessential assets to finance its investment plan after the Chilean government allocated the state-owned miner less money than it wanted, a local newspaper reported on Thursday.

Codelco intends to spend about $27 billion to boost annual output from roughly 1.7 million tonnes to more than 2 million tonnes in coming years.

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