The British government said Monday that it plans to nationalize Speciality Steel UK after a private deal for the steel manufacturer fell through during insolvency procedures stemming from the collapse of its primary lender, Greensill Capital.
The British government said Monday that it plans to nationalize Speciality Steel UK after a private deal for the steel manufacturer fell through during insolvency procedures stemming from the collapse of its primary lender, Greensill Capital.
Hugo Boss's supervisory board chair will step down as British retailer Frasers Group continues to build its stake in the German fashion brand, the companies each said Monday.
Digital marketing company Brave Bison said Monday it has increased its offer for System1 to £47.5 million ($64 million) days after the rival company rejected a previous £43.1 million approach for undervaluing the business.
Norwegian retail chain Outlet Group Holding AS said Monday that it is planning to launch an initial public offering on the Euronext Oslo stock exchange on Sept. 15 at a valuation of 3.18 billion Norwegian krone ($340 million).
Sweden's HMS has said that a subsidiary has agreed to acquire Spanish technology company Robot SA for approximately €21 million ($24.2 million) that is expected to be backed by most shareholders of the target firm.
Financial technology company Chift API said Monday that it has raised €10.5 million ($12.7 million) in Series A funding to expand its software platform across Europe.
British insurer Beazley said Monday it has received regulatory backing for its £8.2 billion ($11 billion) cash takeover offer from Zurich, with a court hearing required to sanction the deal set for later in September.
Paramount has told a California federal court its planned $110 billion acquisition of Warner Bros. Discovery will be good for competition, arguing that challenges of the deal from state enforcers and the Writers Guild of America are misguided.
Insurer Canada Life said Monday it has completed a £52 million ($72 million) buy-in transaction, covering the pension scheme liabilities of a plan sponsored by Special Melted Products Ltd.
The Swiss bodywear giant Calida Group said Monday a French tribunal has ordered it to pay €6.4 million ($7.4 million) in damages to the purchaser of Lafuma Mobilier, following a dispute over the 2024 sale of the outdoor furniture business.
