Mergers and acquisitions

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

** Britain's Centrica CNA said that Spirit Energy, its joint venture with German utility Stadtwerke München GmbH (SWM), will sell a 46.25% stake in the Cygnus gas field to Ithaca Energy ITH for about 116 million pounds ($155.05 million).

** Japan's Seven & i Holdings 3382 plans to sell a partial stake in Seven Bank 8410 to trading house Itochu 8001, with an announcement expected as early as May 30, the Nikkei business reported.