January 3, 2020 / 10:31 AM / 21 days ago

Deals of the day-Mergers and acquisitions

(Adds Avon, Adani Ports)

Jan 3 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1400 GMT on Friday:

** Avon Products Inc Chief Executive Officer Jan Zijderveld will step down on Friday, the company said, as it closes its sale to Brazilian personal care cosmetics group Natura & Co Holding SA.

** Adani Ports and Special Economic Zone (APSEZ) said it would buy a 75% stake in Krishnapatnam Port Co Ltd (KPCL) for an enterprise value of 135.72 billion rupees ($1.89 billion).

** Illumina Inc agreed to terminate the $1.2 billion deal to buy smaller rival Pacific Biosciences of California Inc, weeks after the U.S. competition watchdog filed a complaint to block the purchase.

** Commerzbank has purchased a block of shares in Comdirect that pushes its ownership of the online brokerage to over 90%, paving the way for a full takeover, the German lender said.

** Rumours about a possible tie-up between Italy's Banco BPM and UBI Banca are groundless, Banco BPM Chief Executive Giuseppe Castagna said.

** French utility Veolia said it had agreed to buy Alcoa USA Corporation's hazardous waste treatment business located in Arkansas, in a $250 million deal. (Compiled by Arunima Kumar in Bengaluru)

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