HSBC To Sell Singapore Insurance Biz To Allianz For $2.1B

By Najiyya Budaly

HSBC said Friday that it will sell its Singaporean life and health insurance business to Germany's Allianz for $2.1 billion as the British bank continues to streamline its operations.

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Reckitt To Take £175M Loss From Sale Of Russian Hygiene Biz

By Dawood Fakhir

Reckitt said Friday that it will sell its Russian hygiene business to a local consumer goods company at an expected loss of approximately £175 million ($233.2 million), more than four years since the beginning of the Ukraine war.

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Accor To Sell Essendi Stake To Blackstone, Colony For €975M

By Dawood Fakhir

Accor said Friday that it has agreed to sell its remaining 30.56% stake in Essendi to Blackstone Inc. and French investment firm Colony IM for up to €975 million ($1.1 billion), completing its exit from the European hotel operator.

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Dutch Engineer Gets €4.7B Unsolicited Approach From WSP

By Dawood Fakhir

Arcadis said Friday that it has received an approximately €4.7 billion ($5.3 billion) offer from its Canadian rival WSP Global after the Dutch engineering consultancy rejected its roughly €4.4 billion approach, which "fundamentally undervalued the company and its future prospects."

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Brief

Loss Adjuster QuestGates Snaps Up Liability Claims Biz

By Irene Madongo

Loss adjusting specialist QuestGates said it has acquired liability claims business Howell Wild, a move it believes will bolster its business.

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Paramount Promises Not To Close Merger During Challenge

By Bryan Koenig

Paramount Skydance Corp. took a fight over a preliminary injunction off the table Friday with a promise not to close its $110 billion acquisition of Warner Bros. Discovery Inc. until June 2027 or when a California federal judge rules on the merits of challenges to the deal.

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Brief

Travers Smith Steers Volex On Move To LSE Main Market

By Irene Madongo

Electrical components maker Volex began trading its shares on the main market of the London Stock Exchange on Friday in a move from the LSE's junior investment market that the company said was a "significant milestone."

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Hogan Lovells Steers Miller Pension Scheme On £100M Deal

By Irene Madongo

Investment company M&G PLC said Friday that it has completed a £100 million ($133 million) transaction that secures the retirement savings benefits of members of the pension scheme of Miller Insurance Services.

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REIT Sued By Smith Square Partners Over £1.6M Tail Fee

By Tom Fish

Home REIT PLC said Friday that it will "vigorously defend" a £1.6 million ($2.1 million) claim by former adviser Smith Square Partners LLP for an allegedly unpaid contractual fee tied to the company's property sales process.

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Roundup

UK Litigation Roundup: Here's What You Missed In London

By Megan Norcott

The past week in London has seen financial advice firm Smith Square Partners sue ailing social housing company Home REIT, Pogust Goodhead hit with a contract claim by one of its investors, and Entain faced with its latest claim in expanding litigation linked to alleged bribery at its former Turkish business. Here, Law360 looks at these and other new claims in the U.K.

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