Standard Life PLC launched a partnership with a consortium of major global financial companies on Thursday to expand in the U.K. pension risk-transfer market, with a combined initial capital commitment of up to £2 billion ($2.7 billion).
Standard Life PLC launched a partnership with a consortium of major global financial companies on Thursday to expand in the U.K. pension risk-transfer market, with a combined initial capital commitment of up to £2 billion ($2.7 billion).
Independent directors of Irish Continental Group urged shareholders Thursday to vote in favor of the approximately €1.2 billion ($1.4 billion) management takeover of the ferry business, after early proxy votes showed the bid "will likely fail."
Santander SA said Thursday that it has completed its $12.3 billion cash-and-share acquisition of U.S. regional lender Webster Financial Corp., creating a retail and commercial banking business with about $327 billion in assets.
Pensions management company Isio has acquired retirement savings administration provider Trafalgar House Pensions Administration Ltd., in a move to expand the range of plans Isio can support.
A group of British pension plans has committed £400 million ($545 million) to an investment fund of collected retirement savings programs designed to invest capital into local infrastructure and other U.K. assets.
Vehicle diagnostics company AB Dynamics said Thursday that it has acquired U.S.-based niche automotive testing company Empulse for up to $27.8 million from its three shareholders to expand its laboratory testing capabilities.
International Public Partnerships, an infrastructure investment company, has agreed to divest its holdings in nine projects involving 15 London schools, a move it expects will generate gross proceeds of more than £58 million ($79 million) when the deal completes.
The Competition and Markets Authority is seeking views on the proposed £232 million ($317 million) take-private acquisition of financial services provider Ramsdens by U.S. pawnshop company FirstCash.
The Competition and Markets Authority has approved Vandemoortele's acquisition of French rival Délifrance SA, but requires the Belgian bakery group to sell a production plant and its U.K. sales operations to address antitrust concerns.
The Competition and Markets Authority said Thursday it has given the go-ahead for Danone's proposed acquisition of meal replacement brand Huel, following an initial inquiry into whether the deal could reduce competition in Britain.
