Archive for September, 2010

Europe based Cinven affiliated firm to takeover Spice, a provider of support services in UK

Comments Off | 09-30-2010

After turning down two bids for its takeover, Spice is to be finally acquired by Cinven. Cinven, the European buyout firm, said it will be acquiring Spice, a provider of support services for an estimated 251.1 million pounds. The move comes in the face of two other subsequent buyout bids Spice fought, but still has

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

British Gas’s parent firm Centrica Plc acquires Connaught Compliance’s gas and electricity businesses

Comments Off | 09-29-2010

British Gas’ parent firm, Centrica Plc Monday said its British Gas Business unit acquired the assets of the gas and electricity services businesses of Connaught Compliance. Connaught Compliance is the trading arm of the Connaught Group Plc. The transaction will be undertaken for an estimated 11.2 million pounds, to be paid in full and in

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

China based Bright Food to purchase the UK’s United Biscuits

Comments Off | 09-28-2010

United Biscuits may be up for sale if the Sunday Times report is anything to go by. The Newspaper carried reports regarding a planned purchase of the UK based firm by Chinese firm, Bright Food. The Chinese firm is currently believed to be in exclusive talks for the purchase. If successful, the investment will see

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Office of Fair Trading decides not to refer KNOC’s bid for Dana Petroleum to the UK’s Competition Commission

Comments Off | 09-26-2010

The UK’s Office of Fair Trading last week said it will not be referring the Korea National Oil Corp offer for Dana Petroleum to the country’s competition watchdog. In its ruling, the office reiterated there was no need to refer the Korean takeover plans for the British firm, Dana Petroleum to the Competition Commission. Its

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

UK’s Office of Fair Trading considering undertakings offered by Asda with regard to Netto stores acquisition

Comments Off | 09-25-2010

The UK’s Office of Fair Trading is considering Asda’s propositions regarding its proposed takeover of Netto’s stores in the country. The agency is mulling undertakings offered by Asda regarding its intended takeover of the 194 groceries stores owned by Netto in the UK. Asda is interested in selling 47 Netto stores based all over the

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Spanish airline Iberia – British Airways $8 billion merger gets thumbs up

Comments Off | 09-24-2010

The $8 billion merger proposal between Iberia and British Airways has finally gotten the thumbs up from regulators. Regulatory approval was the only thing standing in the way of the deal. The approval however comes after the Spanish airline, Iberia, approved a fresh funding arrangement for British Airway’s multibillion-pound pension deficit.
Under the terms of the

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Largest domestic airline in the UK, Flybe mulls for acquisitions

Comments Off | 09-23-2010

Flybe may be making at least two acquisitions as it seeks to expand its continental Europe operations. Currently the largest domestic airline in the UK, the firm is thought to be mulling acquisitions as it increases its business size for growth. As it stands, the firm has gradually hiked its size by almost half via

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3i Group sells off 6.6% in Welspun Corp Ltd

Comments Off | 09-22-2010

The 3i Group has sold 6.6 per cent of its shareholding in Welspun Corp Ltd. 3i sold the stake in the steel pipemaker, formerly called Welspun Gujarat Stahl-Rohren. The 3i Group bought the shareholding in Welspun Corp back in 2007 for an estimated Rs 350 crore. The acquisition came as one its introductory forays into

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Posted in FDI news UK, Finance industry, General | Read More

New Zealand based Tru-Test Group makes considerable investment in the UK

Comments Off | 09-21-2010

New Zealand based Tru-Test Group has made considerable investment in the UK. True-Test Group, headquartered in New Zealand and considered the leading firm in electric fencing, animal weighing and milk metering equipment, undertook a significant amount of investment in the UK through the purchase of the business and assets of Ritchey and the shares of

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Dubai based Elder Pharmaceuticals to acquire UK firm NeutraHealth Plc

Comments Off | 09-20-2010

Elder Pharmaceuticals will acquire NeutraHealth Plc through its wholly owned subsidiary, Elder International FZCO. The UK based NeutraHealth Plc will be bought for an estimated 9.8 million pounds, around Rs 70.60 crore. Elder Pharmaceuticals subsidiary, Elder International FZCO is based in Dubai, and the investment is meant to bolster its offering in the UK.
Elder Pharmaceuticals

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