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Transactions UK
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September 25, 2024
EU States Must Unify Divergent Biz Rules, Majority Says
The European Union must double down on unifying its divergent rules for businesses in a policy proposal next year because the bloc's main competitive advantage is its single market, almost three-quarters of EU countries told the bloc's executive arm.
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September 25, 2024
Fintech IG Begins 2nd Tranche Of £150M Share Buyback
IG Group Holdings PLC on Wednesday rolled out an up to £75 million ($101 million) share buyback, the second part of the fintech's £150 million stock repurchase program aimed at lowering its share capital.
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September 25, 2024
Rightmove Rejects £6.1B Offer By Murdoch's REA Group
Rightmove PLC said Wednesday that it has rejected the latest proposed offer of £6.1 billion ($8.1 billion) from Australian online property advertising business REA Group Ltd., dismissing the approach by business magnate Rupert Murdoch's company for the third time.
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September 25, 2024
Smaller UK Pension Deals Behind Record Numbers In 2024
Smaller pension deals worth less than £100 million ($133.7 million) drove the "staggering" number of retirement savings de-risking transactions penned in the first half of the year, Lane Clark & Peacock LLP said Wednesday.
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September 25, 2024
Wholesaler Kitwave Raises £31.5M To Fund Takeover Deal
North England-based Kitwave Group PLC said Wednesday it has successfully raised about £31.5 million ($42.2 million) by issuing shares to investors, funds it will channel toward its acquisition of a food wholesaler in the South for up to £70 million.
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September 25, 2024
UniCredit To Base Bigger Commerzbank Stake On Benefits
The chief executive of UniCredit said Wednesday that his Italian bank is considering a further increase to its 21% stake in Commerzbank but would take the step only on terms that are beneficial for shareholders and clients of both lenders.
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September 25, 2024
Jones Day Leads Orange Telecoms On Exit From NYSE Listing
French telecommunications giant Orange SA said Wednesday that it plans to quit the New York Stock Exchange, citing the "significant financial and administrative requirements" of the listing.
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September 25, 2024
Property Investment Trust Buys £78M UK Logistics Portfolio
Real estate investment trust LondonMetric Property PLC said on Wednesday that it has bought six warehouses for £78 million ($104 million) from a pension fund listed on the London Stock Exchange.
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September 24, 2024
Everton Finds New Buyer In US Billionaire
The company controlled by U.S. billionaire businessman Dan Friedkin has agreed to take a majority stake in Everton Football Club in a move that comes after a prior Everton sale fell through amid legal troubles for the buyer.
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September 24, 2024
Reckitt To Launch 2nd £250M Tranche Of £1B Buyback
Reckitt Benckiser Group PLC on Tuesday said it expects to soon roll out an up to £250 million ($355 million) share repurchase scheme, the second part of the consumer goods giant's program aimed at downsizing its share capital.
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September 24, 2024
Chemicals Biz Begins 2nd £125M Tranche Of £250M Buyback
Chemicals and sustainable technology company Johnson Matthey said Tuesday that it will buy £125 million ($167 million) of its shares in the second tranche of a £250 million share buyback program to reduce the number of its shares in the market.
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September 24, 2024
Smiths Group To Buy 2 North American Cos. For £110M
Industrial technology company Smiths Group PLC said Tuesday that it has agreed to acquire a Canadian electrical heating business and a U.S. metal and flexible ducting manufacturer for a total of £110 million ($147 million), expanding its footprint in North America.
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September 24, 2024
Shoosmiths Steers Medical Business On £21M Tender Offer
Niox Group PLC, advised by Shoosmiths LLP, on Tuesday proposed to buy back shares worth up to £21 million as the asthma testing device maker looks to reward investors after reporting increased revenue.
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September 24, 2024
Linklaters-Led Gulf Energy Biz To Buy Enviro Co. For $1.4B
Abu Dhabi Future Energy Co. PJSC said Tuesday that it has agreed to buy green energy company Saeta Yield SA from Brookfield Renewable Partners LP of Canada for $1.4 billion, to strengthen its presence in Spain and Portugal.
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September 24, 2024
Pension Trustees Urged To Look At Insurers' Carbon Targets
Trustees of retirement savings plans should look at how well insurers perform against their interim carbon-reduction targets when they choose a partner for a bulk annuities transaction, a consultancy has said.
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September 24, 2024
Nasdaq, Deutsche Boerse Targeted In EU Antitrust Raids
Nasdaq and Deutsche Boerse said Tuesday that they are among the financial services firms being investigated by the European Commission over alleged violations of EU competition laws in derivatives trading.
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September 24, 2024
Eversheds Sutherland-Led REIT In £147M Bid For Mall Owner
NewRiver REIT said Tuesday that it has agreed to buy Capital & Regional PLC, a shopping mall owner, for £147 million ($197 million) as it aims to benefit from rental growth in the sector.
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September 24, 2024
Swisscom's €8B Vodafone Italia Deal Gets EU Clearance
Swisscom AG said Tuesday that Europe's competition authority has cleared its proposed €8 billion ($8.9 billion) acquisition of Vodafone Group PLC's Italian business under the bloc's foreign subsidies rules.
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September 23, 2024
RSV Vaccine Biz Secures $100M For Series B Funding Round
Biopharmaceutical company Vicebio Ltd. on Monday announced that it secured its Series B funding round after securing $100 million led by science-focused investment firm TCGX.
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September 23, 2024
German Biotech Biz Aims For €132.7M Valuation In IPO
German biotech company Pentixapharm said Monday that it is set to launch an initial public offering valued at approximately €23.4 million ($26 million) on the Frankfurt stock exchange on Tuesday at a valuation of up to €132.7 million.
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September 23, 2024
Analytics Firm GlobalData Launches £20M Share Buyback
GlobalData PLC said on Monday that it has kicked off a share buyback program worth up to £20 million ($27 million) to reward investors and cut down the size of its share capital.
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September 23, 2024
Baltic Fintech Eleving To Raise Up To €30M In IPO
European financial technology company Eleving Group said Monday that it is looking to raise up to €30 million ($33.3 million) in its initial public offerings in Germany and Latvia to continue its global expansion in new and existing markets.
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September 23, 2024
UniCredit Boosts Commerzbank Stake To 21%, Eyes More
Italian lender UniCredit said Monday that it has boosted its stake in German rival Commerzbank from 9% to 21% and is eyeing further investment as it appeared to be laying the groundwork for a possible full takeover.
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September 23, 2024
Finance Sector Seeks Regulatory Clarity As Challenges Loom
The financial services sector is pushing for clearer regulations on artificial intelligence and environmental, social and governance criteria, according to research by global law firm DLA Piper.
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September 23, 2024
Clifford Chance-Led BNP To Buy HSBC Unit In Germany
BNP Paribas SA said Monday that it has agreed to buy HSBC's private banking unit in Germany as part of its plans to expand its wealth management arm in a "key strategic market."