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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions

Adds: Continental

- The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Thursday:

** German car parts supplier Continental CONG.DE said that its ContiTech division has acquired Middle East material handling and conveyor systems provider Faba Commercial Services.

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** US asset manager Nuveen said it had completed its acquisition of British fund manager Schroders SDR.L, creating a combined company with over $2.6 trillion in assets under management and a presence across more than 40 markets.

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** Zurich Insurance Group completed its acquisition of specialist insurer Beazley after a court-sanctioned scheme of arrangement took effect.

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** Land Securities Group LAND.L said it had agreed to buy the Metrocentre shopping centre near Newcastle and would fund the deal through a £500 million ($662.75 million) equity issue and existing debt, as the British commercial property firm looks to expand its retail portfolio.

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** Malaysia Aviation Group, the parent of national carrier Malaysia Airlines, said it has signed a sale and purchase agreement to acquire Airbus AIR.PA unit Sepang Aircraft Engineering.

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** Australia's Lynas Rare Earths LYC.AX said it would acquire Meteoric Resources MEI.AX in a A$968 million ($672 million) all-share deal for the Brazil-based miner, adding a new source of heavy rare earths to the top Western supplier.

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** Australian fuel retailer Ampol ALD.AX said it had agreed to buy electric vehicle charging company Evie Networks for A$225 million ($156.26 million), bolstering its footprint in the fast-growing domestic public EV charging market.

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** Australian toll road operator Transurban TCL.AX said it will acquire Canada Pension Plan Investment Board's interests in NorthWestern Roads Group and Sydney Transport Partners for A$4.5 billion ($3.13 billion).

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** Walgreens owner Sycamore Partners is close to a deal to sell British pharmacy chain Boots to the Weston family for about $9 billion, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.

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(Compiled by Rajarshi Roy and Tyakshi Singh in Bengaluru)

((Rajarshi.Roy@thomsonreuters.com))

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