Deals of the day-Mergers and acquisitions

March 5 (Reuters) – The following offers, mergers, acquisitions, and divestitures were reported on Friday from 1100 GMT:

** Equipment rental company Aggreko recommended a takeover bid of £ 2.32 billion ($ 3.22 billion) from private equity firms TDR Capital LLP and I Squared Capital.

** Norwegian aluminum maker Norsk Hydro has agreed to sell its below-average rolling business to private equity firm KPS Capital Partners for € 1.38 billion, Hydro said.

** Japanese retailer Onward Holdings is selling its loss-making brand Jil Sander to Italian luxury conglomerate OTB, which will add the label to a collection that includes Diesel, Maison Margiela and Marni.

** Payment firm Square Inc agreed on Thursday to acquire a controlling stake in rapper Jay-Z’s Tidal Music streaming service for $ 297 million to promote blockchain or other new approaches to storing and buying online media .

** Poland’s state-owned mining company KGHM plans to sell its Robinson and Carlota copper mines in the US and invest the proceeds in its domestic operations, two banks told Reuters. (Compiled by Ayanti Bera in Bengaluru)

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