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...Under Ardian’s ownership, the company has grown both organically and through acquisitions which have expanded its footprint in large markets such as the US....
...The acquisition is the latest indication that LetterOne is moving on from a difficult period in which its founders, including Mikhail Fridman and Petr Aven, were hit with sanctions from the UK and EU in...
...Asked if the acquisition spree was over, he hinted that the pace would slow: “We have a lot of important integration work to do . . . a transformation is never complete.”...
Agreement worth up to $1.2bn includes plan for combined flu and Covid shots
British bank is subscale, were BBVA to want to generate some UK growth, and a sale makes more sense
Spanish lender says offer by its larger rival undervalues the company
Spanish bid target publishes private email sent by Carlos Torres to Josep Oliu
Spanish government rebukes bank’s action and warns of ‘potentially damaging effects’ on financial system
Chair of Spain’s third-biggest lender has come under fire for his €12bn attempt to buy Catalonia rival
...News round-up BHP says Anglo American deal structure is not a negative reflection of South Africa (FT) Blue Owl targets infrastructure investors in hunt for acquisitions (FT)...
...Paul Weiss has hired Jim Langston as a partner with its mergers and acquisitions practice. He previously worked for Cleary Gottlieb....
...Alstom, however, was at risk of falling to junk after its shock €1bn cash hit in the first half of last year, in part related to problematic UK contracts inherited from its acquisition of Bombardier....
Nearly three-quarters of the larger lender’s revenues come from outside Spain
Pietro Labriola secures fresh mandate after phone carrier averted clash with biggest shareholder Vivendi at AGM
...The companies previously held talks about a potential combination in 2022 as a wave of mergers and acquisitions swept across the satellite industry....
Tie-up between two lenders would near valuation of Santander
Terms of takeover bid to create Spanish banking giant set out during public holiday
...Puig said it would use the proceeds “for general corporate purposes such as refinancing the acquisitions of additional ownership interest[s] in Byredo and Charlotte Tilbury and supporting the growth strategy...
...Spanish renewables group Iberdrola has called off its planned $8bn acquisition of PNM Resources, cancelling a deal that would have transformed its Avangrid subsidiary into one of the biggest companies in...
...In recent months, the regulator sued Apple for allegedly building a monopoly in the smartphone market and it also sued to block Kroger’s acquisition of Albertsons — the largest supermarket merger in US history...
...Kate Calvert, an analyst with Investec, said that like the acquisition of Finish Line, the Hibbett deal “could turn out to be a well-timed acquisition at the bottom of a cycle”, adding that focus was likely...
French shipping group CMA CGM increases offer for UK logistics group while third party considers bid
...French luxury group Kering’s€3.5bn acquisition of fragrance brand Creed fetched a multiple of about 23 times ebitda, while L’Oréal snapped up Aesop — the minimalist maker of high-end soaps — in a $2.5bn...
...One thing to start: US regulators are poised to approve ExxonMobil’s $60bn acquisition of Pioneer Natural Resources on condition that the smaller oil company’s former chief executive does not join the supermajor...
...BNP’s Chinese expansion comes as the French lender is also deploying some of the cash earmarked for small and mid-sized acquisitions left over from its $16.3bn sale of Bank of the West in the US....
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