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Deals of the day-Mergers and acquisitions March2017
March, 29th 2017

March 24 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Friday:

** China-based Zhonghong Zhuoye Group Co Ltd will buy Blackstone Group LP's 21 percent stake in SeaWorld Entertainment Inc, the embattled U.S.-based marine park operator said.

** The chief executive of U.S. paint maker PPG meets Dutch government officials to make the case for its proposed 22.7 billion euro ($24.5 billion) takeover of Dutch peer AkzoNobel.

** Management of Japan's pearl retailer Tasaki & Co will buy out the company with private equity firm MBK Partners for 31.5 billion yen ($283 million), Tasaki said.

** Britain's Co-operative Bank, up for sale after struggling to meet UK regulatory capital requirements, said it had received multiple expressions of interest.

** The Carlyle Group has acquired a minority stake in Indian logistics firm Delhivery, while existing investor hedge fund Tiger Global also raised its stake, for a combined investment of more than $100 million, the buyout fund said.

** Air Products and Chemicals Inc said it would drop a proposed $1.5 billion bid for China's largest producer of industrial gases, leaving the door open for a competing offer from Hong Kong-based private equity firm PAG.

** The Carlyle Group has bought Royal Dutch Shell's onshore assets in Gabon for $587 million as the world's largest private equity fund expands in the global oil and gas sector.

** Italian toll road operator Atlantia said media reports over the sale of a minority stake in its motorway unit were inaccurate. (Compiled by Divya Grover and Rishika Sadam in Bengaluru)

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