LONDON: Asset Value Investors (AVI), the London-based specialist value investment manager, has agreed to sell its entire share capital to Pacific Asset Management, the companies announced Tuesday. The deal will give AVI access to Pacific’s technology, operations and global distribution network as the…
DHAHRAN: Saudi Aramco said Tuesday that its net income climbed 44% in the second quarter, as oil prices spiked amid an unprecedented disruption to shipping through the Strait of Hormuz, even as the state-controlled energy giant reported that facilities in the Kingdom…
TOKYO: Toyota Motor Corp. reported a slight decline in first-quarter operating profit Tuesday but raised its full-year earnings forecast and announced a fresh share buyback program, as the automaker leaned on cost cuts, favorable currency swings and strong hybrid sales to offset…
LONDON: HSBC Holdings plc reported a 23% jump in first-half profit to $19.5 billion on Tuesday, beating analyst expectations and prompting the bank to resume share buybacks with a $1 billion programme as Chief Executive Georges Elhedery declared the lender “capable…
LONDON: FIH Group plc has agreed to sell its fine art logistics business, Momart, to Compagnie Générale du Roumois SAS for £7.6 million in cash, the company announced Tuesday. The sale requires shareholder approval at a general meeting scheduled for Aug. 28, 2026….
LONDON: Halma plc, the global group of life-saving technology companies focused on growing a safer, cleaner, healthier future for everyone, every day, Tuesday announced that it has completed the sale of NovaBone Products LLC and its subsidiaries (“NovaBone”) to Isto Biologics for total consideration…
LONDON: Caledonia Investments plc announced Tuesday it has invested £49.5 million to acquire a 61% majority stake in Conquip Engineering Group Holding Company Limited, a family-owned provider of products and solutions for the infrastructure, utilities, energy and built environment sectors. The deal…
LONDON: Prologis Inc. and SEGRO plc announced they have reached agreement on a recommended share offer with a partial cash alternative valued at approximately £14 billion, creating what would be the world’s largest logistics real estate investment trust. The combination, to be effected…
CRAWLEY: Volution Group plc (LSE: FAN), a leading international designer and manufacturer of energy efficient indoor air quality solutions, announced Monday it has acquired getAir GmbH, a German provider of decentralised residential heat recovery ventilation systems, a statement said. The €40 million…
Deal ends 25-year partnership as Belgian insurer refocuses on Asian growth markets BRUSSELS: Ageas announced Monday it has reached an agreement to sell its 30.95% stake in Maybank Ageas Holdings Berhad to its joint venture partner Malayan Banking Berhad for €1.1 billion in…
LONDON: Image Scan Holdings plc, an AIM-quoted specialist in X-ray screening systems, announced Monday it has acquired ClanTect Limited, a developer of proprietary human presence detection technology, in a deal valued at approximately £1 million. The acquisition, structured as a share purchase agreement with…
PARIS: In a significant development for the European energy sector, TotalEnergies has announced two major transactions that underscore its commitment to its Integrated Power strategy while demonstrating its ability to optimize capital allocation in the renewables space. Strategic Acquisition from Shell The French…