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Zurich offloads UK employer liability portfolio to Catalina
Global

Zurich offloads UK employer liability portfolio to Catalina

Swiss insurance group, Zurich Insurance Group has announced that its subsidiary Zurich Insurance plc has entered into an agreement with Catalina Holdings Ltd and certain of its subsidiaries. Catalina is a specialist acquirer of legacy insurance portfolios, to transfer its pre-2007 UK legacy employers’ liability policies1 to Catalina. The group […]

LVMH acquires Belmond for $3.2 billion
Global

LVMH acquires Belmond for $3.2 billion

LVMH Moët Hennessy Louis Vuitton said it has entered into a definitive agreement for LVMH to acquire Belmond. LVMH is to acquire Belmond for $25.00 per Class A share in cash. This represents an equity value of $2.6 billion in a transaction with an enterprise value of $3.2 billion. In […]

Millicom to list on the NASDAQ
Global

Millicom to list on the NASDAQ

Millicom International Cellular SA has announced that it plans to list its common shares on the Nasdaq Stock Market in the U.S. The company said in a statement that subject to the approval of its listing application and the effectiveness of its SEC registration, it expects trading in its common […]

Total cuts stake in Ichthys LNG
Uncategorized

Total cuts stake in Ichthys LNG

French energy giant, Total, has signed an agreement to divest a 4% interest in the Ichthys liquefied natural gas (LNG) project in Australia. The company said in a statement that it sold the stakes to operating partner INPEX for an overall consideration of 1.6 billion USD. The transaction, which is […]

AkzoNobel to acquire Chinese paint maker
Global

AkzoNobel to acquire Chinese paint maker

Akzo Nobel N.V. said it has signed and closed the acquisition of Swire Industrial Limited’s minority interest in the AkzoNobel Swire Paints joint venture. The company said in a statement that ” Having held the majority share in the decorative paints joint venture since 1989, AkzoNobel has now acquired full […]