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UPDATE 1-Russia's central bank to form biggest non-state pension fund with $9 bln merger -sources

* Otkritie bank, once Russia's biggest private lender, bailed out

9:24pm IST

UPDATE 3-UBS puts wealth management in hands of ex-Commerzbank boss Blessing

ZURICH, Dec 14 UBS has put former Commerzbank boss Martin Blessing in charge of its market-leading wealth management business, sparking speculation that the Swiss bank could be lining him up as an eventual successor to chief executive Sergio Ermotti.

9:22pm IST

UPDATE 1-Minority investors in M&C Hotels seek to block to resist takeover from CDL

LONDON, Dec 14 A group of minority investors in Millennium & Copthorne Hotels has rejected a takeover offer from the company's majority shareholder and called on other investors to follow suit to defeat the offer, which values the business at 2 billion pounds ($2.7 billion).

9:21pm IST

BRIEF-Self Storage Group buys New Property In Tromsø

* TRANSACTION HAS A PROPERTY VALUE OF NOK 14 MILLION AND WILL BE OPERATED UNDER OK MINILAGER BRAND

9:21pm IST

BRIEF-Sabby Management​ Reports 9.99 Pct Passive Stake In InspireMD

* SABBY MANAGEMENT​ REPORTS 9.99 PERCENT PASSIVE STAKE IN INSPIREMD AS OF DEC 12 - SEC FILING‍ Source text: (http://bit.ly/2zcFtkG) Further company coverage:

BSE OIL & GAS +0.99%
BSE BANKEX +0.67%
BSE METALS +0.29%
BSE REALTY +0.26%
BSE AUTO +0.37%
BSE POWER +0.08%
BSE-CG -0.00%

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Disney to buy Fox film, TV businesses for $52 billion

Walt Disney Co has struck a deal to buy film, television and international businesses from Rupert Murdoch's Twenty-First Century Fox Inc for $52.4 billion in stock as the world's largest entertainment company seeks even greater scale to combat growing digital rivals Netflix Inc and Amazon.com Inc.