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HSBC Acquires British Arm of Stricken Silicon Valley Bank
Date: March 13, 2023
By Iain Withers LONDON (Reuters) -HSBC said on Monday it is acquiring the UK subsidiary of stricken Silicon Valley Bank for 1 pound, rescuing a key lender for technology start-ups in Britain. “This acquisition makes excellent strategic sense for our business in the UK,” HSBC CEO Noel Quinn said in a statement. The move comes...
Fujitsu to Take Over Germany’s Gk Software for About 432 Million Euros
Date: March 1, 2023
TOKYO (Reuters) – Japan’s Fujitsu Ltd said on Wednesday that it will launch a takeover offer to acquire German cloud services provider GK Software SE for about 432 million euros ($460.04 million). Under the deal, Fujitsu, which has already secured 40.65% of the shares of GK Software from the German company’s top investors, will acquire...
Iag Agrees to Buy 80% Stake in Air Europa for 400 Million Euros
Date: February 24, 2023
By Charlie Devereux MADRID (Reuters) -Iberia-owner International Airlines Group has agreed to pay 400 million euros ($423.84 million) to Spain’s Globalia for the remaining 80% of airline Air Europa it did not already own, the company said in a statement on Thursday. IAG, which also owns British Airways, said the deal will allow it to...
Microsoft Inks Nvidia Game Deal to Assuage Regulators Over Activision Merger
Date: February 22, 2023
By Foo Yun Chee and Stephen Nellis BRUSSELS (Reuters) -Microsoft Corp has struck a 10-year deal to bring “Call of Duty” and other Activision games to Nvidia Corp’s gaming platform if the Xbox maker is allowed to complete its much-contested $69 billion acquisition of Activision. Regulators and competitors like Sony have come out hard against...
Uniper Sells UAE Marine Fuels Refinery to Consortium Including Montfort
Date: February 16, 2023
FRANKFURT/SINGAPORE (Reuters) -German utility Uniper has agreed to sell its oil refinery in the United Arab Emirates to a consortium of Montfort and the private office of Sheikh Ahmed Dalmook Al Maktoum for an undisclosed sum, it said on Thursday. The sale of Uniper Energy DMCC, Uniper’s local crude oil processing and marine fuel trading...
Holcim to Acquire European Roofs Manufacturer Fdt Flachdach Technologie
Date: February 16, 2023
ZURICH (Reuters) – Switzerland’s Holcim is to acquire thermoplastic roofs manufacturer FDT Flachdach Technologie GmbH, the world’s biggest cement maker said on Thursday. “By acquiring FDT we are further expanding our Solutions & Products business to become a global leader in roofing systems,” Chief Executive Jan Jenisch said in a statement. Holcim said the purchase,...