Market outlook of U.S. life insurance, annuity segment revised to negative
NEW YORK: Insurance sector rating agency, AM Best has revised its market segment outlook on the U.S. life insurance and annuity (L/A) segment to negative...
Oakley Fund III agrees to acquire a majority stake in Globe-Trotter
LONDON: Oakley Capital Investments Limited announced that Oakley Capital Private Equity III has agreed to acquire a majority stake in Globe-Trotter Group Limited, the British...
Landscape Acquisition Holdings complete $860mn acquisition of AP WIP Investments Holdings
TORTOLA: Landscape Acquisition Holdings Limited has completed its acquisition of AP WIP Investments Holdings from Associated Partners for approximately US$860 million consisting of cash, shares...
SDCL completes $110 million acquisition of Primary Energy stake
LONDON: SDCL Energy Efficiency Income Trust plc has completed the acquisition of a 50% interest in Primary Energy, a portfolio of recycled energy and cogeneration...
RockRose signs SPA to acquire Cotton Gas Field
LONDON: RockRose Energy Plc, the independent oil and gas production company, has signed a Sales and Purchase Agreement (SPA) to acquire 100% of the equity...
Emirates NBD posts net profit if AED 14.5bn in 2019
DUBAI: Emirates NBD, a leading bank in the region, has posted 44% growth in net profit to AED 14.5 billion for the year ended December...
Bosch to increase holding in Ceres to 18% to extend strategic relationship
LONDON: Ceres Power Holdings announced that Robert Bosch GmbH (Bosch) will increase its equity shareholding in Ceres from c.4% to c.18%. This is a significant...
Resolute Mining sells Ravenswood Gold Mine for A$300 million
LONDON: Resolute Mining Limited has entered into definitive transaction documentation to sell the Ravenswood Gold Mine in Queensland to a consortium comprising a fund (EMR...
Bahrain Bourse adopts new listing rules to clarify regulatory and organizational framework
MANAMA, BAHRAIN: Bahrain Bourse’s (BHB) has adopted the new Listing Rules that aim to clarify the regulatory and organizational framework governing all operational aspects of...
Nebras Power acquires majority stake in Stockyard Hill Wind Farm in Australia
DOHA, QATAR: Nebras Power Investment Management has successfully completed a transaction with Goldwind Stockyard Hill Wind Farm Limited, a wholly owned Hong Kong affiliate of...
Premier to acquire Andrew Area and Shearwater assets from BP
LONDON, UK: Premier Oil Plc has announced proposed acquisitions of the Andrew Area and Shearwater assets from BP for US$625 million, and an additional 25...
Cineworld to acquire Canada based Cineplex for CAD 2.8 billion
LONDON, UK: Cineworld Group has announced proposed acquisition of the largest cinema operator in Canada with a highly attractive, well-invested portfolio and a 75 per...