Deals

UK watchdog says sovereign listing plan in line with government policy

UK watchdog says sovereign listing plan in line with government policy

Published 13/10/2017

The Financial Conduct Authority said its proposals for listing state-controlled companies such as Saudi Aramco were in line with Britain's aim of London remaining a leading financial center, raising concerns about whether they were robust enough. [more…]

At least six funds interested in Sanofi European generic drugs unit -Le Figaro

At least six funds interested in Sanofi European generic drugs unit -Le Figaro

Published 05/10/2017

French pharmaceutical group Sanofi (SASY.PA) is set to start the process to sell its generic drug business in Europe, and at least six funds have expressed interest to investment banks mandated by group, France's Le Figaro newspaper reported. [more…]

Exclusive: AC Milan`s Chinese owner seeks new investors – sources

Exclusive: AC Milan`s Chinese owner seeks new investors – sources

Published 29/09/2017

The Chinese owner of former European soccer champions AC Milan is looking for one or more investors to share the financial burden, less than six months after buying the loss-making Italian club, two sources said on Friday. [more…]

Ackman targets retail investors in ADP proxy contest

Ackman targets retail investors in ADP proxy contest

Published 22/09/2017

Bayliss [more…]

Institutional portion of ZhongAn`s HK IPO oversubscribed: sources

Institutional portion of ZhongAn`s HK IPO oversubscribed: sources

Published 18/09/2017

ZhongAn Online Property and Casualty Insurance Co, China's first internet-only insurer, has covered the institutional tranche of its up to $1.5 billion initial public offering (IPO) multiple times over, sources close to the deal said on Monday. [more…]

Will Saudi Aramco deliver world record profit for next year`s IPO?

Will Saudi Aramco deliver world record profit for next year`s IPO?

Published 08/09/2017

When oil giant Saudi Aramco discloses its financials for the first time next year, it must either surprise investors with world record profits or reduce its aspirations for a $2 trillion valuation in its initial public offering (IPO). [IPO-ARMO.SE] [more…]

German Merck considers sale of consumer health business

German Merck considers sale of consumer health business

Published 05/09/2017

Germany's Merck KGaA is considering selling its $1 billion consumer health unit to meet its financial targets as a decline in its liquid crystal business forces it to review its strategy. [more…]

United Tech to buy Rockwell Collins for $30 billion

United Tech to buy Rockwell Collins for $30 billion

Published 05/09/2017

Aerospace supplier United Technologies Corp (UTX.N) has struck a $30 billion agreement to buy avionics and interiors maker Rockwell Collins Inc (COL.N), the companies said on Monday, in a deal that bulks up UTC's power with plane makers by creating one of the world's largest makers of civilian and defense aircraft components. [more…]

Fujifilm says aims to spend $4.5 billion on M&A over three years

Fujifilm says aims to spend $4.5 billion on M&A over three years

Published 30/08/2017

Fujifilm Holdings Corp (4901.T) said it aimed to spend 500 billion yen ($4.54 billion) in strategic acquisitions over three years as it seeks growth outside its traditional photographic film business, which has been shrinking. [more…]

Liechtenstein`s LGT Bank plays up princely ties to woo Asian clients

Liechtenstein`s LGT Bank plays up princely ties to woo Asian clients

Published 29/08/2017

Liechtenstein's LGT Bank, owned by the mini-state's ruling family, hopes to stand out in Asia's crowded private banking market by touting the clan's own track record of preserving wealth. [more…]