M&A NEWS

Elephant & Castle Shopping Centre acquired by Delancey and APG for GBP80m

The Elephant & Castle Shopping Centre, a retail, leisure and office complex of 327,000 sq ft in Central London, has been sold for GBP80m to property developer Delancey and its joint venture partner … Continue reading “Elephant & Castle Shopping Centre acquired by Delancey and APG for GBP80m”


Npower sells Electricity Plus and Gas Plus subsidiaries to Telecom Plus for GBP218m

Competition in the UK domestic energy supply market is set to be enhanced according to UK energy company RWE npower, which announced on Wednesday that npower Limited is to sell its subsidiaries, Electricity … Continue reading “Npower sells Electricity Plus and Gas Plus subsidiaries to Telecom Plus for GBP218m”


Board of UK motor dealer HR Owen recommends offer from BPI to shareholders

UK franchised motor dealer HR Owen Plc (LON:HRO) said today that its board had recommended that shareholders should tender their shares in the increased GBP1.70 (USD2.69/EUR2.02) per share offer from investment holding company … Continue reading “Board of UK motor dealer HR Owen recommends offer from BPI to shareholders”


Tesco agrees to sell US arm to investment group Yucaipa

UK retailer Tesco Plc (LON:TSCO) said it had agreed to sell US grocery arm Fresh & Easy Neighborhood Market Inc to YFE Holdings Inc, part of investment firm Yucaipa Companies LLC, in a … Continue reading “Tesco agrees to sell US arm to investment group Yucaipa”


GlaxoSmithKline to sell iconic UK brands Lucozade and Ribena

UK based GlaxoSmithKline plc (GSK), a research-based pharmaceutical and healthcare company, announced today that Suntory Beverage & Food Ltd (SBF), a Japanese consumer goods company has agreed to acquire Lucozade and Ribena, as … Continue reading “GlaxoSmithKline to sell iconic UK brands Lucozade and Ribena”


China’s Alibaba invests in US-based online shopping group ShopRunner — FT report

Chinese e-commerce firm Alibaba Group Holding Limited has taken an undisclosed minority stake in US online shopping services firm ShopRunner Inc for USD75m (EUR56.3m), the Financial Times reported, citing sources. The investment was … Continue reading “China’s Alibaba invests in US-based online shopping group ShopRunner — FT report”


London-listed Vodafone launches bid for Kabel Deutschland

UK’s Vodafone Group Plc (LON:VOD) said on Tuesday it had launched a voluntary public takeover bid of EUR87.00 (USD115.43) per share in cash for German cable operator Kabel Deutschland Holding AG. The price … Continue reading “London-listed Vodafone launches bid for Kabel Deutschland”


German luxury carmaker BMW to acquire 2% stake in UK-based Chargemaster

German automobiles manufacturer BMW AG (ETR:BMW) intends to acquire a 2% interest in UK electric vehicle charging systems supplier Chargemaster Plc, which recently unveiled plans for a London IPO, a source told Reuters. … Continue reading “German luxury carmaker BMW to acquire 2% stake in UK-based Chargemaster”


Ireland’s Ryaniar seeks EU-based buyers for Aer Lingus stake

Irish airline Ryanair Holdings Plc (LON:RYA) said today it will unconditionally sell its entire 29% interest in smaller rival Aer Lingus Group Plc (LON:AERL) to any other European Union (EU) carrier that makes … Continue reading “Ireland’s Ryaniar seeks EU-based buyers for Aer Lingus stake”


Carmaker Peugeot in talks to sell financing arm Banque PSA to Santander — report

French carmaker PSA Peugeot Citroen SA (EPA:UG) is holding preliminary talks to shed part of its auto consumer-credit unit Banque PSA Finance to Spanish lender Banco Santander SA (MCE:SAN), the Wall Street Journal … Continue reading “Carmaker Peugeot in talks to sell financing arm Banque PSA to Santander — report”


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