Noor Zainab Hussain
Analysts have said a deal with Ophir would boost Medco’s valuations and help it gain access to international assets.
Euronext operates bourses in Paris, Amsterdam, Brussels, London, Lisbon and Dublin.
Unilever’s share of the total deal price is 3.3 billion euros ($3.75 billion), payable using cash, and shares in its subsidiary in India.
The move comes at a time when prices for high-end London property have been under pressure amid worries about the impact of Britain’s looming exit from the European Union.
TMBAM is the fifth-largest asset manager in Thailand with $13.15 billion of assets under management.
Aviva, Britain’s biggest life insurer, said it would sell Friends Provident International (FPIL), which provides life assurance and investment products in Asia and the Middle East, to a unit of International Financial Group for 340 million pounds ($443 million). The sale, which follows a strategic review, will allow Aviva to… Read more »
Gemfields shareholder Pallinghurst has already submitted a takeover bid.
Event organiser UBM Plc said it would buy Asian exhibitions company Allworld for $485 million in cash, strengthening its position in Asia and providing an entry into the Middle East. The deal, which will be debt-funded with a new bridge facility, is expected to add to earnings in 2017, UBM… Read more »
The British company asked its shareholders to back its $27 billion merger with its German counterpart to create a European exchange giant on Monday, dismissing concerns it was “shackling itself to a corpse” after Britain’s EU referendum result.
London Stock Exchange Group Plc and Deutsche Boerse vowed on Friday to press ahead with a $30 billion merger despite Britain’s vote to leave the European Union. The exchanges said the outcome of the referendum did not change the strategic rationale of the merger and they would continue to seek regulatory approval… Read more »