Archive for July, 2010

Indian companies Reliance Industries and Essar Oil Rush for British oil & gas giant BP’s Africa Assets

Comments Off | 07-30-2010

Reports emerged Thursday that British Oil and Gas giant, BP Plc, is in talks with Indian companies Reliance Industries and the Essar Oil over a potential sale of its assets in Africa. BP’s assets in Africa are estimated to be pegged at about $500 million, and the sale is in line with the company’s strategy

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Posted in FDI news UK, General, Oil and Gas | Read More

India real estate giant Unitech offers to acquire its London Stock Exchange listed UK arm, Unitech Corporate Parks

Comments Off | 07-29-2010

Indian real estate giant, Unitech announced that it had made an offer for its UK based arm, Unitech Corporate Parks (UCP) in an all cash agreement. The Indian realty major said Wednesday it had offered Rs 700 crore for its London Stock Exchange Listed arm, and that the offer is about 22% higher than the

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Posted in FDI news UK, General, Real Estate Investment UK | Read More

Apollo Management raises offer to £10.75 per share for London Stock exchange listed Brit Insurance

Comments Off | 07-29-2010

In an announcement Wednesday, the London Stock exchange listed insurance firm, Brit Insurance, reported that Apollo Management had upped its offer for the potential take over of the insurer. In the announcement, the insurance revealed that the offer for its take over had been upped to 10.75 pounds per share subsequently pegging the value of

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Posted in General, Insurance sector UK | Read More

Tomkins PLC board supports takeover offer of £2.87 billion from Onex and Canada Pension Investment Plan Board

Comments Off | 07-28-2010

Tomkins PLC’s board Tuesday came out strong in support of the takeover offer from Onex and the Canada Pension Investment Plan Board.  Tomkins PLC, the UK based engineering and manufacturing firm had received an offer of £2.87 billion from the two companies in a takeover move. The board said it was backing the takeover by

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Posted in FDI news UK, General, Manufacturing Investment UK | Read More

RBS in possible talks with Advent International and Bain Capital over sale of its Payment Processing Unit, WorldPay

Comments Off | 07-28-2010

Reports emerged last week that the Royal Bank of Scotland (RBS) had gone into talks that could see it sell its business, WorldPay. According to the reports, the bank is believed to have gone into talks with Advent International and Bain Capital over the sale of its renowned money processing arm, WorldPay. The company went

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Posted in Banking sector UK, FDI news UK, General | Read More

Richard Branson’s British health and fitness chain Virgin Active, 187-club firm, Mulling Possible Sale

Comments Off | 07-27-2010

British health and fitness chain, Virgin Active could be mulling a possible sale of its business. The Richard Branson majority owned company is reported to be in talks with potential private equity firms that might buy the business at an estimated £1 billion.
Reports emerged Sunday in London’s Sunday Telegraph that the Branson Company had already

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Posted in FDI news UK, General, Healthcare UK | Read More

Korea National Oil Corp raises bid to buy British Oil exploration company Dana Petroleum

Comments Off | 07-24-2010

Korea National Oil Corp Friday announced it had raised its bid for the purchase of the British Oil exploration company, Dana Petroleum. According to company reports, Korea National Oil had raised the offer it made last week for Dana Petroleum that was pegged at £1.67 billion.
However, a statement from Dana reiterated that the Korean company

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Spanish banking giant Santander mull over possible IPO of its UK Business

Comments Off | 07-23-2010

Spanish banking giant Santander is mulling a possible listing in the London Stock Exchange to raise about £3 billion capital. Reports have emerged that the bank could list its UK banking business to raise the capital for further investments. It is thought that Santander is considering a listing of about 20% of its UK banking

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British oil giant BP Sells $7 billion worth of assets to Apache Corp

Comments Off | 07-22-2010

In a move to raise compensation funds for victims of its Gulf of Mexico crisis, BP PLC agreed to an asset sale pegged at $7 billion. The move comes after weeks of endless speculation over a potential stake sale by the British oil giant. Previously, BP had promised to raise about $10 billion through an

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Chapco Group raised £5m capital investment from Next Wave Partners

Comments Off | 07-21-2010

Chapco Group, the fabric maintenance and FM business Monday announced it had received a £5 million investment capital funding from Next Wave Partners. The funding from the growth capital equity firm, Next Wave Partners, is expected to give it a considerable minority stake in the Chapco business in return. Chapco said in a statement that

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