United Kingdom

Pamela Barbaglia

AB InBev sells Australian brewer to Asahi, keeps Asia IPO on radar

19 Jul 2019

BRUSSELS/LONDON Anheuser-Busch InBev , the world's largest brewer, is selling its Australian operations to Japan's Asahi for $11 billion and could revive the stalled flotation of its Asian business as it looks to cut debt.

Exclusive: Woodford biotech stakes first off block in asset sale - source

18 Jul 2019

LONDON/FRANKFURT British fund manager Neil Woodford is looking to kick off the sale of his unlisted biotech investments at the end of July, but faces months of negotiations to offload the portfolio, a source familiar with the matter told Reuters.

Takeda kicks off sale of Western European drugs - sources

17 Jul 2019

FRANKFURT/LONDON Japan's Takeda Pharmaceutical Co has reached out to prospective bidders for a portfolio of drugs for sale in western Europe as it seeks to trim its debt following the $59 billion purchase of Shire, sources close to the matter told Reuters.

British watchdog to review Inmarsat's sale to private equity consortium

16 Jul 2019

LONDON The Competition and Markets Authority (CMA) said on Tuesday it was looking into whether the proposed acquisition of Britain's largest satellite company Inmarsat by a private equity-led consortium would affect the competitive landscape.

Swiss Re may postpone $4.1 billion ReAssure IPO – sources

10 Jul 2019

FRANKFURT/LONDON Swiss Re is considering postponing or restructuring the $4.1 billion (£3.3 billion) London listing of its UK life insurance business due to limited investor appetite, sources familiar with the matter said on Wednesday.

Exclusive: Germany's Bayer seeks animal health merger with Elanco - sources

09 Jul 2019

FRANKFURT/LONDON Bayer has approached U.S. drug firm Elanco Animal Health to discuss a possible combination of their pet-health businesses to create an industry giant, three sources familiar with the matter told Reuters.

Generali in exclusive talks to buy Portugal's Tranquilidade - sources

09 Jul 2019

LISBON/LONDON Italy's Generali has entered exclusive negotiations to buy Portuguese insurer Tranquilidade in a deal to boost its presence in Portugal, two sources familiar with the matter said.

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