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Deals of the day-Mergers and acquisitions January 2, 2019
January, 02nd 2019

The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Wednesday:

** Chinese gold miner Zijin Mining Group Co Ltd said it plans to sell up to 8 billion yuan ($1.16 billion) worth of new shares in Shanghai to help fund its purchase of Canada’s Nevsun Resources Ltd.

** Israeli conglomerate Delek Group said it would sell 30 percent of desalination firm IDE Technologies to Alfa Partners for 530 million shekels ($142 million).

** State-owned defence contractor Israel Aerospace Industries said it was in talks to invest in local drone maker Aeronautics. (Compiled by Debroop Roy in Bengaluru)

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