Deals of the day- Mergers and acquisitions

Mon Jun 29, 2015 4:01pm EDT
 
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(Adds Merck, Lufthansa, Grupo Villar Mir, Mondadori, Russneft; updates General Electric, Amag, Sysco)

June 29 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:

** General Electric on Monday said it agreed to sell its fleet management arm in the United States, Mexico, Australia and New Zealand to Canada's Element Financial for $6.9 billion, moving it a step further in its plan to shed financial assets.

** Merck KGaA expects to expand its presence significantly in Israel with two acquisitions in the life science and performance materials sectors, the company's chief executive said on Monday.

** Lufthansa said it wants to use its expanded low-cost brand Eurowings as a platform for European consolidation, and it could potentially take in other Lufthansa units or part-owned stakes such as Brussels Airlines and Air Dolomiti.

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