Deals of the day-Mergers and acquisitions

Brookfield Business Partners LP

28/02/2022 10:55

Feb 28 (Reuters) - The following bids, mergers, acquisitions
and disposals were reported by 1030 GMT on Monday:

    ** Shares of Indian drugmaker Biocon Ltd  BION.NS  fell
about 12% after the company said its unit Biocon Biologics would
buy U.S.-based Viatris Inc's  VTRS.O  biosimilars business in a
transaction valued at $3.34 billion.
     urn:newsml:reuters.com:*:nL4N2V31AL
    
    ** Irish building materials firm CRH Plc  CRH.L  agreed to
sell its U.S.-based unit that manufactures glass products to
private equity firm KPS Capital Partners for $3.8 billion, the
world's second-largest building materials supplier said.
     urn:newsml:reuters.com:*:nL4N2V332B
    
    ** Poste Italiane  PST.MI  said it had agreed to acquire LIS
Holding from International Game Technology Plc  IGT.N  for a
total consideration of 700 million euros ($781.20 million) to
boost its exposure to the fast growing payments market.
     urn:newsml:reuters.com:*:nL8N2V316L
    
    ** Brookfield Business Partners  BBU_u.TO  and its partners
have agreed to buy a 60% stake in Magnati, the payments business
of First Abu Dhabi Bank  FAB.AD , valuing the business up to
$1.15 billion.
     urn:newsml:reuters.com:*:nL1N2V30CJ
    
    ** Australian buy-now-pay-later firm Zip Co Ltd  Z1P.AX 
plans to buy U.S. rival Sezzle Inc  SZL.AX  for A$491 million
($352.59 million), building its footprint in the largest retail
market as sluggish trade elsewhere earned it a half-year loss.
     urn:newsml:reuters.com:*:nL1N2V2103

 (Compiled by Mehnaz Yasmin and Rajarshi Roy in Bengaluru)
 ((Mehnaz.Yasmin@thomsonreuters.com))