LONDON: Resolution Life, a global life insurance group, announces that Nippon Life Insurance Company will acquire 100% of the company for $8.2 billion, valuing it at $10.6 billion. After the acquisition, Resolution Life’s business in the US, UK, Bermuda, and Singapore will become a subsidiary of Nippon Life. Meanwhile, Resolution Life’s Australasian business will merge…
Category: London Stock Exchange
News and updates from London Stock Exchange
GS Fintech UAB will acquire Cake Pte Ltd and Cake DeFi UAB
LONDON: GSTechnologies Limited (LSE: GST) has announced that its subsidiary, GS Fintech UAB, will acquire Cake Pte Ltd and Cake DeFi UAB, known together as CAKE, for an undisclosed cash amount. CAKE operates a prominent cryptocurrency investment platform called Bake, especially popular in Germany, Austria, and Switzerland. This acquisition aligns with GST’s goal to expand…
Cordiant Capital Inc. to acquire HydrogenOne Capital LLP, the investment adviser to HydrogenOne Capital Growth
LONDON: HydrogenOne Capital LLP, the investment adviser to HydrogenOne Capital Growth plc, has entered into a conditional agreement to sell its business and assets to Cordiant Capital Inc., a specialist global infrastructure and real assets manager. This transaction marks a significant move towards expanding HydrogenOne’s market access and capabilities, while maintaining the core team and…
MHP offers to acquire UVESA Group of Spain
LONDON: MHP SE (LSE: MHPC), a leading international food group with major production facilities in Ukraine and Southeastern Europe, has submitted a binding offer to acquire UVESA Group, a market leader in the Spanish food industry with well-established poultry and pork operations. The transaction constitutes a tender offer addressed to all the current shareholders of…
FirstGroup has acquired RATP Dev Transit London for an enterprise value of £90 million
LONDON: FirstGroup plc has announced its acquisition of RATP Dev Transit London Limited and its subsidiaries from RATP Développement SA for an enterprise value of £90 million. This strategic move marks FirstGroup’s entry into the competitive London bus market with a strong position. RATP London, one of the leading bus operators in the capital, holds…
Apax IX agrees to sell stake in AssuredPartners
LONDON: Apax IX Fund, in which Apax Global Alpha Limited (“AGA”) is a limited partner, has announced the full sale of its minority co-control stake in AssuredPartners, a leading mid-market property, casualty and employee benefits insurance brokerage, to Arthur J. Gallagher & Co. This transaction is expected to deliver a gross MOIC of 2.5×1 and…
Ashtead Group proposes shift to US primary listing
LONDON: Ashtead Group plc has announced plans to shift its primary listing to the United States, while retaining its UK listing in the International Companies segment. The Board believes this move aligns with the Group’s strategy and serves the best interests of its stakeholders. The decision comes as Ashtead increasingly operates as a US-focused business,…
Nuno Matos to succeed Shayne Elliott as ANZ CEO
SYDNEY: The ANZ Group Board has announced that Nuno Matos will take over as Chief Executive Officer on July 3, 2025, succeeding Shayne Elliott, who is retiring after nine years in the role. Matos will also join the boards of ANZ Group Holdings Limited and Australia and New Zealand Banking Group Limited as an Executive…
Brave Bison to acquire Engage Digital Partners for £10.6 million
LONDON: Brave Bison, the digital advertising and technology services company, has entered into an agreement to acquire the entire issued share capital of Engage Digital Partners Limited. Engage is a global sports marketing company that works with the world’s largest sports brands and federations including Formula 1, ICC, Real Madrid and New Zealand Rugby. Engage…
Camellia Plc sells shares in BF&M Limited to Bermuda Life for $100 million
LONDON: Camellia Plc sold its shares in BF&M Limited to Bermuda Life Insurance Company Limited for $100 million on 5 December. The sale resulted in a net profit of around £10.7 million for Camellia. The company plans to use the funds to grow its business by investing in its existing companies and exploring new opportunities….
Frasers Group to buy all the remaining shares in XXL ASA at NOK 10 per share
LONDON: Frasers Group plc is planning to buy all the remaining shares in XXL ASA that it doesn’t already own, offering NOK 10 per share in cash. This decision follows a recent shareholder vote against XXL’s proposed NOK 600 million rights issue. Frasers, which already holds 32.5% of XXL’s voting rights, opposes XXL’s alternative rights…
John Wood signs new engineering agreements with bp
LONDON: John Wood Group has entered into three major agreements with bp to provide engineering and project delivery services for their global capital projects. These agreements include a new master services agreement for engineering, procurement, and construction management (EPCm) services. Additionally, two existing long-term frameworks for conceptual engineering and Pre-FEED/FEED (front-end engineering and design) have…