British money manager Aberdeen said on Friday it would acquire the management of nine U.S.-based closed-end funds with assets totalling 1.5 billion pounds ($2 billion), part of an ongoing drive to expand in the U.S...
Generali and France’s BPCE scrap plans to merge asset management units
Italy’s biggest insurer Generali and French bank BPCE said on Thursday they had dropped plans to merge their asset management businesses, in the absence of conditions necessary to make the deal viable. Generali in...
Banco BPM CEO says no talks with Credit Agricole, nothing on table with MPS
Banco BPM Chief Executive Giuseppe Castagna said on Thursday his bank had not examined any deal with France’s Credit Agricole and had nothing on the table regarding Monte dei Paschi di Siena, though any future...
Singapore’s Sembcorp powers into Australia with $4.3 billion Alinta Energy takeover
Sembcorp Industries said on Thursday its units will acquire Australia’s Alinta Energy for an enterprise value of A$6.5 billion ($4.32 billion), marking one of the largest overseas expansions for the Singaporean...
Apparel retailers Destination XL and FullBeauty agree to merger of equals
Retailers Destination XL Group and FullBeauty Brands agreed to merge, creating a bigger player in the size-inclusive apparel market, the companies announced on Thursday, confirming an earlier Reuters report. The...
EU antitrust regulators erred in clearing Broadcom’s VMware deal, cloud industry lobby says
EU antitrust regulators failed to analyse properly the risks of Broadcom’s $69 billion acquisition of cloud computing firm VMware before clearing the deal, the Cloud Infrastructure Services Providers in Europe...
BlackRock sells 7% stake in Naturgy for $2 billion
BlackRock has sold a 7.1% stake in Spanish gas utility Naturgy for around 1.7 billion euros ($1.99 billion) through an accelerated bookbuild placement managed by JPMorgan, the firm said on Thursday. The transaction...
WTW to buy brokerage firm Newfront in up to $1.3 billion deal
Insurance broker WTW said on Wednesday it will acquire Newfront in a deal worth up to $1.3 billion, aiming to expand its reach in the U.S. middle-market through the brokerage. The deal will be through a $1.05 billion...
Rheinmetall CEO makes fresh pitch to buy part of KNDS NV, Bloomberg reports
Rheinmetall AG Chief Executive Officer Armin Papperger is making a fresh pitch to buy part of rival KNDS NV and create a European land defence company that would consolidate the continent’s fragmented market, Bloomberg...
BlackRock to sell 7% stake in Naturgy in accelerated sale
BlackRock plans to sell around 69 million shares in Spanish gas utility Naturgy, equivalent to 7.1% of the company, in an accelerated bookbuild placement managed by JP Morgan, the firm said on Wednesday. The...
First Brands financier Raistone nearing sale, FT reports
Trade finance company Raistone, a creditor of First Brands, is nearing a deal to sell itself to investment firm Marblegate Asset Management, the Financial Times reported on Wednesday, citing people familiar with the...
Brazil’s antitrust body approves Petz-Cobasi merger with restrictions
Brazil’s antitrust authority CADE’s administrative tribunal approved on Wednesday the merger of the country’s two largest pet product retailers, Petz and Cobasi. CADE approved the deal with...
