UPDATE 1-Deals of the day -- mergers and acquisitions

(Repeats with no change to text or headline; Adds Morgan Stanley, ING Group, UBS Global and others)

Dec 28 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 1000 GMT on Friday.

(For Reuters columns on deals, click on [DEALTALK/])

** China Construction Bank and Bank of America have set up a $615 million financial leasing venture, among the first major Sino-foreign ventures to start up formally in the nascent sector.

To read more, please double click on [nHKG231505]

** ING Group NV has agreed to sell its Dutch reinsurance unit for about 300 million euros ($435.2 million) to a subsidiary of billionaire investor Warren Buffett's Berkshire Hathaway Inc. . [nL28277049]

** Morgan Stanley has paid $217 million for a 10 percent stake in Petrovietnam Finance Corp (PVFC), the financial arm of Vietnam's state oil firm said, ahead of an expected stock market listing early next year. [nHAN342664]

** Malaysia's top lender, Malayan Banking Bhd , will consider selling a stake in its Islamic bank, a unit whose financing and deposit businesses are forecast to grow 15 percent in its financial year ending June, its chief said. [nKLR186288]

** Spanish services-to-buildling firm ACS said it had bought New Jersey, United States-based construction firm Schiavone Construction Co for $150 million. [nL28264743]

** Banco Sabadell said it had agreed to buy a Miami-based private banking arm from fellow Spanish bank BBVA for up to $70 million. [nL28274835]

** UBS Global Asset Management said it had called off its acquisition of Standard Chartered Bank's mutual funds management business in India after the sale and purchase agreement expired. [nL28300937]

** Athletic shoe retailer Finish Line Inc , trying to walk away from a deal to buy hat retailer Genesco Inc , said on Thursday it was disappointed with a court ruling that a New York court would determine whether the merged company would be insolvent. [nN28438892]

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