Deals of the day-Mergers and acquisitions
Jan 21 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1120 GMT on Tuesday:
** Saudi Arabian mining fund Manara Minerals is set to buy a 10%-20% in the Reko Diq copper and gold project in Pakistan for proceeds of about $500 million to $1 billion, the Financial Times reported. nL3N3OH0G0
** Spanish airline Air Europa has hired adviser PJT Partners to raise about 475 million euros ($492 million) in equity and debt, Spanish news website El Confidencial reported on Tuesday, citing unidentified industry sources. nL5N3OH0K0
** Serica Energy said on Tuesday it would return to focus on growing oil and gas operations in the British North Sea, reversing earlier plans to shift overseas in the face of rising taxes on the sector. nL3N3OH0JU
(Compiled by Rajarshi Roy and Abhinav Parmar in Bengaluru)
((Rajarshi.Roy@thomsonreuters.com;))
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