Edition:
United Kingdom

Pamela Barbaglia

Britain's Metro Bank completes vital capital raise to patch up finances

16 May 2019

LONDON Embattled British lender Metro Bank has raised 375 million pounds of vital capital to shore up its finances just hours after launching a discounted funding round on Thursday.

WPP shortlists final bidders for Kantar - sources

16 May 2019

LONDON WPP has shortlisted a series of U.S. buyout funds to submit binding bids for a majority stake in its data analytics unit Kantar as it wants to finalise the sale in late June, four sources familiar with the matter told Reuters.

Nestle in talks with EQT Partners to sell skin health unit: source

15 May 2019

Nestle SA is in exclusive talks with a consortium led by private equity firm EQT Partners for a sale of its skin health unit, according to a source familiar with the matter.

Race for Italian chemicals firm ICE attracts four buyout funds: sources

15 May 2019

LONDON/MILAN/FRANKFURT Four private equity firms are looking to submit final bids for Italian chemicals firm Industria Chimica Emiliana (ICE) in a deal valued at about 600 million euros ($673 million), sources familiar with the matter told Reuters.

Exclusive: UniCredit advances toward bid for Germany's Commerzbank – sources

14 May 2019

FRANKFURT/LONDON UniCredit has stepped up preparations for a potential bid for Germany's Commerzbank by drafting in investment bankers including a former top German official, three people familiar with the matter said.

EXCLUSIVE-UniCredit advances toward takeover bid for Germany’s Commerzbank – sources

14 May 2019

FRANKFURT/LONDON, May 14 UniCredit has engaged investment bankers, including a former top German official, to advise it on a potential bid to buy Commerzbank , according to three people familiar with the matter.

UAE's Finablr cuts IPO price in volatile markets

14 May 2019

ABU DHABI/LONDON United Arab Emirates-based Finablr had to cut the price on its initial public offering as the payments and foreign exchange company faced weak investor demand in jittery markets which also rocked ride-hailing app Uber's Wall Street debut.

Moody's advances in Acuris auction after Fitch pulls out - sources

18 Apr 2019

LONDON, April 18 Credit rating agency Fitch has pulled out of the bidding for financial media and data firm Acuris leaving rival Moody's as one of the strongest contenders to win the more than $1.30 billion deal, sources told Reuters.

Cash-flush buyout firms target Europe in take-private scramble

17 Apr 2019

LONDON Once shunned due to intense public scrutiny and competition from corporate buyers, private equity firms are increasingly targeting listed companies in Europe, shrugging off forecasts of a regional economic slowdown.

RPT-ANALYSIS-Cash-flush buyout firms target Europe in take-private scramble

17 Apr 2019

LONDON, April 16 Once shunned due to intense public scrutiny and competition from corporate buyers, private equity firms are increasingly targeting listed companies in Europe, shrugging off forecasts of a regional economic slowdown.

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