Edition:
United Kingdom

IPOs

UPDATE 1-Sweden's Cherry receives $1 bln takeover offer from Bridgepoint

Dec 18 A consortium led by British private equity firm Bridgepoint has made a takeover offer of 9.19 billion Swedish crowns ($1 billion) in cash for Swedish gaming company Cherry AB, Cherry said on Tuesday.

Sweden's Cherry receives $1 bln takeover offer from Bridgepoint

Dec 18 Swedish gaming company Cherry AB said on Tuesday that a consortium led by British private equity firm Bridgepoint has made a takeover offer of 9.19 billion Swedish crowns ($1 billion) in cash.

Euro zone banks shouldn't be allowed to use AT1 bonds to meet requirement

FRANKFURT, Dec 14 Banks should not be allowed to use contingent convertible bonds, known in the market as AT1, to meet the capital requirements set by the European Central Bank, ECB supervisor Sabine Lautenschlaeger said on Friday.

Regulatory News, Bonds 14 Dec 2018

DNO presses on with $780 mln Faroe Petroleum cash bid despite board rejection

LONDON, Dec 12 Norway's DNO is sticking to its offer to buy Faroe Petroleum for 152 pence per share, valuing the company at about 610 million pounds ($761.65 million), insisting it is an attractive offer despite its rejection by the Faroe board.

M&A, Global Market Data 12 Dec 2018

UPDATE 2-NZ's Trade Me backs offer from UK firm, shares hit new record high

* NZ's Trade Me enters agreement with private equity firm Apax

Private Capital, M&A 12 Dec 2018

UK's Interserve in talks with lenders to convert debt to equity

Dec 9 British outsourcing company Interserve Plc said on Sunday it is in talks with its lenders on a debt reduction plan that is likely to involve converting a substantial part of the company's debt into new equity.

09 Dec 2018

UK outsourcer Interserve considering new capital, non-core sales

LONDON, Dec 8 British support services company Interserve is looking at bringing new capital into the business and selling non-core businesses, it said in a statement on Saturday.

M&A, Bonds, Regulatory News 08 Dec 2018

Portugal china maker VAA dishes out shares to support global push

LISBON, Dec 7 Portugal's leading fine china maker Vista Alegre Atlantis (VAA) has launched a secondary share offering to significantly increase its free float and support what it sees as strong growth opportunities in Europe, the Americas and Asia.

Global Market Data 07 Dec 2018

PRESS DIGEST- Financial Times - Dec 7

Dec 7 The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

M&A, Regulatory News 07 Dec 2018

Investing platform AJ Bell to trade in London after $860 mln IPO

LONDON, Dec 7 Britain's AJ Bell is set to trade on the London Stock Exchange on Friday, after an initial public offering (IPO) that valued the investment platform provider at up to 675 million pounds ($863 million).

Global Market Data 07 Dec 2018