UK's Amec Plc is looking to acquire NASDAQ-listed Foster Wheeler AG. If the deal eventually pushes through, it could generate GBP5 billion (USD8 billion) for the Geneva-based engineering and power conglomerate.
Tags: United Kingdom
Servelec to float 68.3 million shares, UK's biggest tech IPO in three years
Servelec's initial public offering is said to be the largest technology listing in the UK in three years. The software and services company is expected to float 68.3 million shares worth GBP122 million on the London Stock Exchange.
M&C Saatchi exits Walker Media stake for GBP36 million
UK-based advertising firm M&C Saatchi divested a controlling stake of 75.1% in Walker Media for GBP36 million. M&C Saatchi sold its holding to French multinational advertising and public relations company Publicis.
Hong Kong billionaire Li Ka-shing prepares for Watson IPO
Just months after pulling out of a planned multi-billion dollar sale of his grocery chain, Hong Kong billionaire Li Ka-shing has started the process for Waston's initial public offering. The global retail business is set to float next year.
Lodha Group buys prime property near Buckingham Palace for INR3,120 crore
Mumbai-based realty major Lodha Group has bought a 0.67-acre property near the Buckingham Palace in London for over INR3,120 crore. The property will be converted into super-luxury residential flats.
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The Indian Angel Network, the country's oldest and largest angel investor network, is hunting for investment opportunities in the UK and Singapore. IAN expects to announce its first UK deal during the first half of 2014, while it will begin its Singapore operations in the latter half of next year.
British discount chain Poundland is preparing for a London listing that could give it a valuation of up to GBP800 million. US-based private equity firm Warburg Pincus, which controls Poundland, is looking to raise GBP200 million to GBP300 million in the initial public offering.
British financial institution Lloyds Banking Group Plc will reportedly put up for sale 30% to 50% of its stake in 631 bank branches. The said bank branches are being rebranded as TSB, which is expected to float on the stock market middle of next year.
Resolution Ltd. is looking to sell its business unit Lombard located in Luxembourg. However, terms of the deal were unknown as talks on the sale of Lombard are still in a preliminary stage.
Japan's Nomura Holdings Inc. and British Intermediate Capital Group Plc agreed to form a joint venture to provide mezzanine debt to be used for acquisitions.
The Future Group was reportedly negotiating a takeover of the Bangalore-based supermarket chain Nilgiris. British private equity firm Actis Capital bought Nilgiris for USD65 million and currently owns 65% of the company.
British government-owned The Royal Bank of Scotland said it was looking to sell its retail investor and equity derivatives business. French bank BNP Paribas was identified as a front-runner to acquire the business unit.
Ontario Teachers' Pension Plan, Canada's largest single-profession pension plan, said it would be buying British Burton's Biscuit Co. for an unspecified amount from the Canadian Imperial Bank of Commerce and affiliates of Apollo Global Management.
New Silicon Valley venture capital firm Luminari Capital obtained a USD8 million funding from pay-TV giant British Sky Broadcasting Group. Sky said that it wants to increase is exposure to US tech startups.
