Investment companies Edinburgh Worldwide Investment Trust PLC and Baillie Gifford US Growth Trust PLC said Tuesday that activist shareholder Saba Capital Management LP has shut down their proposed merger.
Investment companies Edinburgh Worldwide Investment Trust PLC and Baillie Gifford US Growth Trust PLC said Tuesday that activist shareholder Saba Capital Management LP has shut down their proposed merger.
International energy company Eesti Energia said Tuesday that its subsidiary Enefit Green has agreed to sell its only wind farm in Finland to TD Asset Management and Rabbalshede Kraft for approximately €83 million ($96 million).
Insurer Royal London said Tuesday that it has covered £55 million ($73 million) of pension liabilities for a shipping insurance company, in a deal guided by Hogan Lovells and Wedlake Bell.
Banco Santander SA announced Tuesday it sold 3.5% of equity in its Polish subsidiary, Santander Bank Polska, through an accelerated placement that raised roughly PLN 1.72 billion, or about $472 million.
Swiss insurers Helvetia and Baloise have said that they have won the final approval for their planned merger, confirming that the deal to create the second-largest insurance group in Switzerland will close on Dec. 5.
Energy investor Ethtry PLC said Tuesday that it has raised £5.3 million ($7 million), which it will use to adopt cryptocurrency ethereum as part of its financial reserves.
The European Commission’s proposals to harmonize EU foreign direct investment screening regimes at the member state level require a trilogue between the commission, Parliament and council, which means political tensions need to be resolved in order to reach agreement on the five key reforms, say lawyers at Arnold & Porter.
