Business
Business
Mercer & Hole Appoints Menzies Llp Director of Corporate Finance
Finance
US Mulls Sanctions Against Serbian Oil Firm Majority Owned by Russians, President Says
Finance
UniCredit CEO Says $10.5 Billion Banco Bpm Bid Is Fair as Offer Becomes Binding
Business
Britain’s Frasers Launches Bid for Norway’s Xxl
UK Investor Covalis, France’s Suez Team up for Thames Water Bid
Date: December 13, 2024
LONDON (Reuters) -Britain’s Thames Water has received a joint bid from Covalis Capital and France’s Suez Group as it seeks more than 3 billion pounds ($3.8 billion) of new equity, in the latest part of a rescue aimed at preventing its collapse. Britain’s biggest water supplier has close to 18 billion pounds ($23 billion) of...
Britain’s Guardian Sells the Observer Newspaper to Tortoise Media
Date: December 13, 2024
By Paul Sandle LONDON (Reuters) -Britain’s Guardian said on Friday it had agreed to sell The Observer to startup Tortoise Media, which sought to overcome staff opposition by pledging to revive the world’s oldest Sunday newspaper as a strong voice in liberal journalism. Tortoise, founded five years ago by ex-BBC News boss James Harding to...
Aviva Set to Buy Direct Line to Create $21 Billion British Insurer
Date: December 13, 2024
By Yadarisa Shabong and Tommy Reggiori Wilkes LONDON (Reuters) -British insurer Aviva has agreed to buy smaller rival Direct Line in a sweetened 3.61 billion pound ($4.60 billion) cash-and-stock deal that will create the UK’s largest home and motor insurer. In a joint statement on Friday, the companies said a preliminary agreement had been reached...
Allianz Scraps Proposed Acquisition of Singapore's Income Insurance, Source Says
Date: December 13, 2024
(Reuters) - Allianz SE has scrapped a proposed $1.5 billion euro acquisition of a 51% stake in Singaporean firm Income Insurance Ltd because of public opposition to the deal, a source familiar with...
Lloyd's of London Trade Body Examines Planned Conduct Overhaul
Date: December 13, 2024
LONDON (Reuters) - Lloyd's of London members have set up a working party to examine the commercial insurance market's plans to overhaul its conduct rules, a trade body said on Friday, following...
Vw Top Shareholder Porsche Se Sees Impairment on Investment of up to 20 Billion Euros
Date: December 13, 2024
BERLIN (Reuters) - Porsche SE, the holding company which owns a third of Volkswagen, expects an impairment on its investment in the carmaker of up to 20 billion euros ($20.98 billion), it said on...