Pinsent Masons-Led Chesnara To Buy HSBC Life For £260M

By Tom Fish

British pensions company Chesnara PLC said Thursday it has agreed to acquire the specialist life protection and investment bond provider of banking giant HSBC for £260 million ($355 million) to give the group a "material step up in scale."

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Athora Eyes Stake In Pension Insurance Corp. In £5.7B Deal

By Najiyya Budaly

Luxembourg investor Reinet said Thursday that retirement group Athora has approached it to buy its 49.5% stake in Pension Insurance Corp. in a deal that values the U.K. buyout specialist at £5.7 billion ($7.8 billion).

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CMA To Review Global Payments' $24.2B Worldpay Deal

By Chart Riggall

British competition officials said this week that they were beginning their initial evaluation of Global Payments Inc.'s plans, unveiled earlier this year, to purchase payments giant Worldpay from GTCR and FIS for $24.25 billion.

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Italy Clears Monte Dei Paschi's €13.3B Mediobanca Deal

By Najiyya Budaly

Italian lender Monte dei Paschi has said that the country's competition authority has given the green light to its €13.3 billion ($15.7 billion) proposed takeover of rival Mediobanca SpA.

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Fasken Martineau, Orrick Guide Rare Earth Biz's Merger, Float

By Dawood Fakhir

Mkango Resources Ltd., a miner of rare earth elements, said Thursday that it has agreed to merge its subsidiary Lancaster Exploration Ltd. with a Cayman Islands-based blank-check company to list it on the Nasdaq stock exchange.

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UK Insurance Agency M&A Down 35% In 1st Half

By Dawood Fakhir

The pace of domestic mergers and acquisitions in the U.K. insurance market slowed down considerably in the first half of 2025, making it the slowest six-month period for M&A activity in the sector since the first half of 2019, a financial services consultancy said Thursday.

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Deals Rumor Mill

Citgo, Castrol Field Billion-Dollar Bids, And More Deal Rumors

By Al Barbarino

Vitol submitted a more than $10 billion bid to buy the parent of Venezuela-owned U.S. refiner Citgo Petroleum, according to Wednesday reports, but subsequent news indicated that it might not be enough to beat out the competition. Castrol, which is BP's lubricant arm, is also running an auction process, with private equity firm Clayton Dubilier & Rice reportedly emerging as one of the latest bidders. 

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Brief

Investor EQT To Acquire Stake In Life Sciences Products Biz

By Irene Madongo

Swedish investor EQT Group said Thursday that its healthcare business has agreed to acquire a majority stake in life sciences research company Europa Biosite. 

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Nigerian Bank Owner Plots $100M Share Offer, London Listing

By Tom Fish

Guaranty Trust Holding Co., the parent of Nigerian lender GTBank, said Thursday that it aims to raise $100 million in a sale of new shares to recapitalize the bank to a level required by regulation, and to list the shares on the London Stock Exchange.

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Dechert Hires PE Pro In London From Wealth Fund GIC

By Jamie Lennox

Dechert said on Thursday it has recruited a new partner from Singaporean sovereign wealth fund GIC, adding global private capital expertise to its corporate and securities practice in London.

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