UK

CSIQ arm sells Ontario solar power plant to TRP for $57.4M

Canadian Solar Solutions Inc, a unit of Canadian Solar Inc (CSIQ), has concluded the sale of Mississippi Mills solar power plant in Ontario, Canada for over $57.4 million (C$61 million).

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Digital assets should be part of our wills -study

Social media accounts and internet downloads should be considered part of a person's estate and be included in wills to be handed down as inheritance.

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UK government could sell off remaining Lloyds stake in 2014 -sources

The UK government could sell off its remaining 33% stake in Lloyds Banking Group next year to complete the privatization of the lender, according to sources familiar with the process.

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Increased merger activity will carry over to next year - report

The general consensus of research firms and mergers and acquisitions (M&A) experts believed that the brisk activity of dealmaking will keep its momentum till the next year.

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Seagate to pick up UK firm Xyratex in $374M deal

US-based digital content storage company Seagate announced that it is acquiring UK-based network and storage equipment maker Xyratex in an all-cash transaction valued at $374 million.

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India's Amtek Auto agrees to purchase Germany's Kuepper group for €200M

India-based integrated components manufacturer Amtek Auto agreed to acquire significant business interests in Germany-based integrated machine manufacturer Kuepper group in a deal reportedly valued at €200 million.

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No slump on Boxing Day as UK shoppers spent over £2.7B

A holiday shopping season slump failed to materialize in the UK as shoppers flocked to stores on Boxing Day, giving British retailers a boost, The Telegraph reported.

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UK to consider new rules to raise funding for SMBs

The UK government is mulling on rule changes that would make it easier for small and medium-sized businesses (SMBs) to obtain funding from alternative financiers and new banks.

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Costain Group Plc exits holding in three joint ventures to UK water firm Severn Trent

UK engineering solutions provider Costain Group Plc exited its minority stake in three joint ventures to publicly traded water utility Severn Trent Plc to raise investment funds and working capital.

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Report sees IPO recovery continuing next year-FT

The revival of initial public offerings in the US and Europe which started this year is set to continue next year, the Financial Times reported.

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UK venture capital firm SEP to boost portfolio investment to £60M

Glasgow, Scotland-based growth equity and venture capital firm Scottish Equity Partners (SEP) said it will boost its total portfolio investment from £40 million last year to £60 million this year.

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Sompo buys UK insurer Canopius for $970M

Japanese insurance firm Sompo Japan Insurance Inc will acquire private British company Canopius in a deal valued at $970 million to expand its overseas operations, according to a report.

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UK virtual fitting room startup Metail raises additional £2.6M

UK-based virtual fitting room firm Metail has received £2.6 million in additional funding as it prepares to move into a new headquarters in East London.

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IAG adds Wesfamers' Australia and NZ underwriting unit

Insurance Australia Group Ltd (IAG) bought the Australian and New Zealand underwriting business of Western Australia's farmers' cooperative Wesfarmers Ltd for $1.845 billion.

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CVC tells investors it plans to sell final stake in North America's Pilot Travel

London-based leveraged buyout firm CVC Capital Partners Ltd told investors it plans to exit its remaining stake in North American travel chain Pilot Travel Centers LLC.

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