(Adds SOCAR Energoresurs; Updates Mitsubishi Heavy Industries)
June 5 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 13:00 GMT on Wednesday:
** British subprime lender Non-Standard Finance PLC is dropping its hostile 1.3 billion pound ($1.65 billion) bid for rival Provident Financial PLC, NSF said.
** Real estate developer Group Mach Inc said it offered to acquire Canadian tour operator Transat AT Inc for C$527.6 million ($392.9 million), topping an earlier offer from Air Canada.
** Brazil’s power sector regulator ANEEL rejected the proposed transfer of wind power complex Alto Sertao III from Renova Energia SA to AES Tietê, a 1.34-billion real ($346.73 million) deal closed in April.
** Mexico’s biggest retailer, Wal-Mart de Mexico , said that the nation’s Federal Competition Commission opposes its parent company Walmart Inc’s acquisition of grocery delivery platform Cornershop.
** Shares in Australian telecoms firm Vocus Group Ltd dropped more than 15%, the most in over two years, after Swedish private equity firm EQT Infrastructure withdrew its A$3.3 billion ($2.31 billion) buyout offer.
** Fiat Chrysler has resolved key differences with France over its proposed merger with Renault, three sources told Reuters, as talks on the $35 billion tie-up plan progressed towards a possible agreement.
** Spain’s Cellnex said it had agreed to acquire the marketing and operating rights of 220 BT high towers in Britain for a period of 20 years, the latest step in its plan to expand in the sector.
** Telecom Italia (TIM) has sold its majority-owned broadcasting unit, Persidera, in a 240 million euros ($270 million) deal, fulfilling a part of the heavily indebted phone company’s latest turnaround plan.
** German property group DIC Asset has agreed to buy German Estate Group (GEG) for 225 million euros ($253 million) in cash from real estate investor TTL and private equity firm KKR, the companies said.
** Japan’s Mitsubishi Heavy Industries Ltd said it is holding talks to buy Bombardier Inc’s CRJ program, in a deal that would shake up the market for regional jets with fewer than 100 seats.
** Private equity fund Advent has entered exclusive talks to buy Italian chemicals firm Industria Chimica Emiliana (ICE), two sources familiar with the matter told Reuters.
** SOCAR Energoresurs, a joint venture between Russia’s largest lender Sberbank and a group of investors, has acquired an 80% stake in Russia’s Antipinsky oil refinery, Sberbank said. (Compiled by Akanksha Rana in Bengaluru)
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