Analysis

UK Court's National Security Decision Highlights M&A Risk

By Najiyya Budaly

A court decision that compelled LetterOne, a Russian-backed investment firm, to sell a broadband provider highlights the regulatory risk posed to corporate dealmakers by the government's far-reaching national security discretion, including the costly prospect that they might have to unwind concluded transactions.

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Banco BPM Rejects UniCredit's €10B Takeover Offer

By Tom Fish

Italian lender Banco BPM SpA has rebuffed a €10 billion ($10.5 billion) offer from its domestic rival UniCredit SpA, a move that would create the country's biggest bank, stating that the bid fails to reflect its profitability and prospects.

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Miner Sells Further $529M Of Shares In Platinum Unit

By Dawood Fakhir

British multinational mining giant Anglo American PLC said Wednesday that it has raised 9.6 billion South African rand ($529 million) by selling approximately an additional 6% of its platinum producing subsidiary as part of a separation process.

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Weil-Led Apse Capital Secures €350M For Continuation Fund

By Jade Martinez-Pogue

British private equity firm Apse Capital Ltd., led by Weil Gotshal & Manges LLP, on Wednesday announced that it closed a €350 million ($370.1 million) continuation fund, which will be used to acquire three portfolio companies from one of the firm's other funds.

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JD Sports Completes €520M Deal For French Footwear Biz

By Tom Fish

JD Sports Fashion PLC said Wednesday that it has finalized the €520 million ($546 million) acquisition of French footwear company Groupe Courir SAS, after the European Union addressed competition concerns.

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Just Eat To Take Away Its Listing From The LSE

By Irene Madongo

Online food delivery service Just Eat said Wednesday that it will exit from the main market of the London Stock Exchange, citing the "complexity" and costs associated with being on the bourse.

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Aston Martin Raises £210M After Profit Warning

By Najiyya Budaly

Aston Martin said Wednesday that it has raised £210 million ($265 million) from investors to boost its liquidity after the sports car maker issued a profit warning amid a slowdown in its supply chain.

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What The Future Of AI In Financial Services Looks Like

Artificial intelligence is rapidly transforming the global financial services industry, with a hybrid model likely to evolve where AI handles routine tasks and humans focus on strategy and decision-making, so financial institutions should work with regulators to establish ethical standards and meet regulatory expectations without stifling innovation, say lawyers at Womble Bond.

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