Deals of the day -Mergers and acquisitions

- The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Tuesday:


** Lufthansa Group <LHAG.DE> will exercise an option to lift its stake in Italy's ITA Airways to 90%, tightening its grip on the Rome-based carrier as industry consolidation accelerates in Europe.

nL6N41P0N0

** Swedish private equity group EQT AB <EQTAB.ST> made a sweetened and final 9.4 billion pound ($12.7 billion) takeover proposal for Intertek <ITRK.L> on Tuesday, after three of its earlier bids were rejected by the British product testing company.

nL4N41P0IR

** Britain's Picton Property Income <PCTN.L> said on Tuesday it has agreed to a 403-million-pound ($546.4 million) all‑share takeover offer from a consortium comprising LondonMetric Property <LMPL.L> and Schroder REIT <SREI.L>.

nL4N41P0IL


** Dubai Holding, owned by Dubai's ruler, has become Emaar Properties' EMAR.DU top shareholder after completing the purchase of a 22.27% stake from the emirate's main sovereign wealth fund, the companies announced late on Monday.