Deals of the day-Mergers and acquisitions

Fri Jun 17, 2016 9:30am EDT
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(Adds Chemetall, KazMunayGaz, Extrafarma, Quadra, Italian cos)

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

** Germany's BASF SE, the world's largest chemical producer, is buying Albemarle Corp's surface-treatment unit Chemetall for $3.2 billion in cash, bolstering its automotive coatings business, the companies said on Friday.

** Mosaic Co, the world's top producer of concentrated phosphate, has entered talks to buy Vale SA's fertilizer unit, in a renewed push to grow in South America and Africa, three sources with direct knowledge of the matter said. The value of Vale's fertilizer assets could reach $3 billion.

** Private equity firm Apax Partners LLP is exploring a sale of Trader Corp which could value the Canadian provider of advertising for automotive dealers at more than $1.5 billion, including debt, according to people familiar with the matter.

** KazMunayGaz offered to buy out minority shareholders of Kazmunaigas Exploration and Production (KMG EP) for $1.2 billion but independent directors of the subsidiary said the offer "significantly undervalues" it.

** Germany's Siemens and Spain's Gamesa announced plans to create the world's biggest builder of windfarms on Friday, seeking to combine their respective strengths in offshore wind power and developing markets.

** The new chief executive of Petroleo Brasileiro SA said on Thursday that the state-run oil company has received offers to buy a stake in its fuels-retailing unit BR Distribuidora SA in recent days, boosting plans to raise cash and cut debt.

** Kroton Educacional SA, Brazil's largest for-profit education firm, sees a need to improve terms of a takeover bid for Estácio Participações SA due to the recent surge in Estácio's share price, a source with direct knowledge of the matter said on Thursday.   Continued...