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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)