Deals of the day- Mergers and acquisitions

Tue Feb 17, 2015 4:02pm EST
 
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(Adds China National Petroleum Corp, ING)

Feb 17 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Tuesday:

** Fairfax Financial Holdings Ltd, the Canadian property and casualty insurer run by contrarian investor Prem Watsa, said it would buy Brit Plc for about $1.88 billion to become one of the top five underwriters on the Lloyd's of London market.

** Dutch bank ING said on Tuesday it would sell a further 1 billion euro ($1.1 billion) tranche of shares in its former insurance arm, the now independently listed NN Group , as the one-time bancassurer reinvents itself as a pureplay bank.

** Japanese freight carrier Kintetsu World Express Inc is buying Singapore's APL Logistics for $1.2 billion, paying a higher-than-anticipated price for an overseas deal at a time of slow domestic growth.

  Continued...