The Portuguese government said Wednesday it has selected German airline Lufthansa over Air France-KLM to acquire an approximately 50% stake in state airline TAP Air Portugal in a €1.2 billion ($1.3 billion) deal.
The Portuguese government said Wednesday it has selected German airline Lufthansa over Air France-KLM to acquire an approximately 50% stake in state airline TAP Air Portugal in a €1.2 billion ($1.3 billion) deal.
Airtel Money began formal trading on London's main market on Wednesday after it raised £5.3 billion ($7 billion) in one of the largest initial public offerings in the City in recent years.
Swiss skin care company Galderma said Wednesday that it has agreed to acquire a U.S. competitor in medical skin care from Blackstone and other shareholders for $1.5 billion to add to its dermatology portfolio.
Storskogen said on Wednesday that it has bought a majority interest in German laboratory components firm Duratec, giving a boost to the Investor's trade portfolio.
Optics technology provider Gooch & Housego PLC said Wednesday its acquisition by U.S. firm Arlington Capital Partners for approximately £346 million ($455 million) has received approval from the High Court, paving the way for the deal to close and for the company to exit the London Stock Exchange.
European enforcers have approved Huggies maker Kimberly-Clark Corp.'s planned acquisition of Kenvue in a deal valuing the Tylenol parent company at $48.7 billion, conditioned on the sale of several feminine hygiene brands.
Britain's only superfund has taken on six pension schemes in one £250 million ($328.9 million) deal from plans sponsored by a global automotive component manufacturer — marking what it called an industry first in a deal involving five law firms.
Insurance giant Royal London said Wednesday it has taken on £40 million ($52.7 million) in retirement saving liabilities from a scheme sponsored by a British steel producer, in a deal steered by Gowling WLG.
A recent Law Commission consultation has put a spotlight on how current leasehold law complicates commercial property transactions, and while the proposed reforms will likely be small, they would provide landlords and tenants with a greater degree of certainty, say lawyers at Wilsons Solicitors.
