(Adds Takeda Pharmaceutical, Irving Oil, Saudi Aramco, CK Hutchison, Selecta, Atlantia, Albemarle Corp, Volkswagen AG; Updates Jio)
May 28 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:
** Paddy Power and Betfair’s parent Flutter Entertainment announced a share placement that will see U.S. media group Fox Corp increase its investment in the group.
** German automaker Volkswagen AG has become the biggest shareholder of China’s electric vehicle battery maker Guoxuan High-Tech Co Ltd with a 26.5% stake, Guoxuan said in stock exchange filings.
** Albemarle Corp said it wants to take control of Australia’s Greenbushes, the world’s largest lithium mine, signaling it intends to block any rival from buying Tianqi Lithium Corp’s controlling stake.
** Italy’s Benetton family is open to cutting its stake in infrastructure group Atlantia as a way to loosen its grip on motorway unit Autostrade, the head of the Benettons’ holding company Edizione said.
** U.S. buyout group KKR is preparing to inject funds into Swiss vending machine company Selecta, which is saddled with debts and faces a loss of business due to the coronavirus crisis, four sources close to the matter said.
** CK Hutchison Holdings Ltd has won a victory against an EU antitrust decision blocking its 10.3 billion pound ($12.6 billion) bid to buy O2 UK from Spain’s Telefonica in 2016.
** Morgan Stanley has not been given an advisory role on the potential sale of a stake in Saudi Aramco’s pipeline business, a deal worth over $10 billion, two sources told Reuters.
** Canada-based oil refinery operator Irving Oil said it has agreed to buy North Atlantic Refining Corp, the owner of the Come-by-Chance refinery in Newfoundland.
** Japan’s Takeda Pharmaceutical Co Ltd will be allowed to keep a drug used to treat bowel disease because changes in the market have removed the need to sell it to allay EU antitrust concerns over last year’s acquisition of Shire plc.
** Alphabet Inc’s Google is exploring an investment in Vodafone Group Plc’s struggling India business, the Financial Times reported, citing people familiar with the matter.
** Abu Dhabi state fund Mubadala is in talks with Reliance Industries about investing around $1 billion in the Indian conglomerate’s Jio platforms, three sources told Reuters.
** British online fashion retailer Boohoo has acquired the remaining 34% of shares in the prettylittlething (PLT) brand from minority shareholders for an initial 269.8 million pounds ($331 million), it said.
** India’s largest electricity generator NTPC Ltd said it was interested in buying a majority stake in Reliance Group’s power distribution assets in Delhi. (Compiled by C Nivedita and Ayanti Bera in Bengaluru)