The U.K. subsidiary of European construction group Strabag SE has agreed to acquire Van Elle in a cash transaction that values the ground engineering specialist at £58.8 million ($78.8 million), the companies said on Thursday.
The U.K. subsidiary of European construction group Strabag SE has agreed to acquire Van Elle in a cash transaction that values the ground engineering specialist at £58.8 million ($78.8 million), the companies said on Thursday.
Debt management firm Axactor said Thursday it has acquired a portfolio of unsecured, nonperforming loans from Spanish bank Sabadell with a book value of approximately €3 billion ($3.5 billion) in one of the largest such transactions in recent years.
The owner of the London Stock Exchange said Thursday that it will begin a new share buyback program worth up to £900 million ($1.2 billion) as it continues its long-term plan to return cash to shareholders and reduce the company's share capital.
The U.K. tax authority released draft regulations on the country's carbon border tax regime Thursday that would broadly align it with the European Union's system for taxing carbon-intensive imports.
Great British Energy, the U.K.'s publicly owned energy company, has invested £40 million ($54 million) in a power company in England to back the expansion of its green hydrogen production facility, the government said Thursday.
Energy investor SDCL said Thursday that it has decided to wind down after its shareholders rejected a proposal to restructure the business and raise equity, despite the board's faith in the plans.
Strix Group PLC said Thursday that it will return up to £10 million ($13.4 million) to investors in a tender offer expected to lower the share capital of the kettle safety controls maker.
