Edition:
United Kingdom

David French

DTE Energy nears $2.5 billion M5 Midstream acquisition: sources

18 Oct 2019

NEW YORK U.S. power utility DTE Energy Co is nearing a deal to acquire gas pipeline system M5 Midstream LLC for about $2.5 billion, expanding its business that's not tied to electricity provision, people familiar with the matter said on Thursday.

Buyout firm Abry Partners selling insurance broker Hilb Group: sources

15 Oct 2019

NEW YORK Private equity house Abry Partners is working with an investment bank to sell its majority stake in Hilb Group, in a deal that is expected to value the insurance broker at more than $1 billion including debt, sources familiar with the matter said on Tuesday.

Occidental puts plans to divest Western Midstream on ice -sources

04 Oct 2019

Oct 4 Occidental Petroleum Corp has put plans to divest part of its ownership in pipeline operator Western Midstream Partners on hold until next year, after failing to attract an offer it deemed attractive, people familiar with the matter said on Friday.

Jefferies cuts energy bankers as M&A slowdown takes toll: sources

27 Sep 2019

HOUSTON/NEW YORK Jefferies Financial Group has laid off 15 people in its energy investment banking team, as the bank reacts to a slowdown of mergers and acquisitions activity among oil and gas companies, sources familiar with the matter said on Friday.

MOVES-Citigroup hires Summerfield to run asset management investment banking

19 Sep 2019

Sept 19 Citigroup Inc has hired former Credit Suisse Group AG banker Hamish Summerfield as its global head of asset management investment banking, according to an internal memo reviewed by Reuters.

LSE board poised to decide fate of Hong Kong exchange's $39 billion offer

13 Sep 2019

HONG KONG/LONDON/NEW YORK The London Stock Exchange's board will meet in coming days to decide on the Hong Kong bourse's surprise $39 billion takeover proposal, a source close to the British company said on Thursday, as the market poured cold water on the deal.

Exclusive: Repsol in advanced talks to buy Exxon assets in Gulf of Mexico - sources

10 Sep 2019

Spanish oil giant Repsol SA is in advanced talks to acquire some deepwater assets in the U.S. Gulf of Mexico from Exxon Mobil Corp for about $1 billion, three people familiar with the matter said on Monday.

Exclusive: Italy's Snam seeks U.S. footprint with bid for Midwest gas pipeline - sources

06 Sep 2019

MILAN/LONDON/NEW YORK Italy's Snam is working on a bid for a stake in a $6 billion natural gas pipeline in the United States in what would be the gas group's first foray outside Europe, four sources told Reuters.

Goldman Sachs explores sale of auto warranty business Safe-Guard: sources

21 Aug 2019

Goldman Sachs Group Inc's buyout arm is exploring the sale of Safe-Guard Products International LLC, which could value the auto warranty company at more than $1 billion, including debt, people familiar with the matter said on Wednesday.

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