Edition:
United Kingdom

Clara Denina

Turkish fund seen favourite to take over British Steel

09 Aug 2019

LONDON The British government is set to announce a preferred bid for British Steel within days, with a Turkish fund seen as the front-runner, as it scrambles to save thousands of jobs, industry sources said.

Exxon hires Jefferies to accelerate Norwegian asset sales

08 Aug 2019

LONDON U.S. oil major Exxon Mobil has hired investment bank Jefferies to sell the stakes it holds in oil and gas fields off the Norwegian coast, which could fetch up to $4 billion, banking sources said.

Exxon hires Jefferies to accelerate Norwegian asset sales

08 Aug 2019

LONDON, Aug 8 U.S. oil major Exxon Mobil has hired investment bank Jefferies to sell the stakes it holds in oil and gas fields off the Norwegian coast, which could fetch up to $4 billion, banking sources said.

Korea's KNOC switches tactics in bid to sell stake in UK oil producer - sources

30 Jul 2019

LONDON State-run Korea National Oil Corp (KNOC) is considering upping the stake it is planning to sell in its British unit Dana Petroleum after failing to lure a buyer for the 30% previously on offer, banking and industry sources said.

Exclusive: UAE's Dana Gas hires adviser to sell Egypt assets

28 Jul 2019

LONDON/DUBAI United Arab Emirates' Dana Gas has hired investment bank Tudor, Pickering, Holt & Co. (TPH) to advise it on the sale of its Egyptian assets, worth over $500 million, two sources familiar with the matter said, as the company shifts its focus to its Kurdistan operations.

Mining mogul Agarwal made just 6% profit on Anglo investment: Reuters estimate

26 Jul 2019

LONDON Mining mogul Anil Agarwal pocketed just 6% profit from his 3.5 billion pound ($4.3 billion) investment in Anglo American , held since 2017, even though the underlying shares rose over 50% since then, according to Reuters estimates.

Evercore set to lose out as Aramco reshuffles IPO roles: sources

18 Jul 2019

LONDON/DUBAI Boutique investment bank Evercore Partners has lost the chance to retain a prime position as an independent advisor for Saudi Aramco's potential $100 billion share sale, as the oil giant revives its postponed listing, three sources said.

Evercore set to lose out as Aramco reshuffles IPO roles -sources

18 Jul 2019

LONDON/DUBAI, July 18 Boutique investment bank Evercore Partners has lost the chance to retain a prime position as an independent advisor for Saudi Aramco's potential $100 billion share sale, as the oil giant revives its postponed listing, three sources said.

UK deals blow to insurers with change to discount rate

15 Jul 2019

LONDON Britain will change the discount rate used to calculate compensation for personal injuries to minus 0.25% from minus 0.75%, disappointing insurers who were hoping for a higher rate to limit the money they must set aside to cover payouts.

Partial ECM exit to leave Deutsche Bank focused on Europe

12 Jul 2019

LONDON/HONG KONG Deutsche Bank is focusing its equity capital markets (ECM) business such as initial public offerings (IPOs) on Germany and Europe, scaling back in the United States and retreating from most of Asia, banking sources said.

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