UK’s William Hill Plc said it is cutting its revenue forecast down between 35-45% as a result of a regulatory action that reduced its minimum betting stake. William Hill is a betting giant that provides horse racing and other gaming products. The revenue forecast cut is necessary as the UK […]
Listed and one of the largest private equity firms in the world, KKR said it has appointed John Pattar as Member and Head of KKR’s real estate business in Asia Pacific. Mr. Pattar will assume leadership of KKR’s existing Asia real estate team and work alongside the firm’s regional investment […]
As from today, Puma, the sportswear maker will no longer be a subsidiary of Kering. Kering is a luxury fashion holding company that is known for iconic brands such as. The separation is following the approval of the transaction by Kering shareholders at the Group’s General Meeting held on April […]
The railway unit of China’s state-owned construction company said it has signed a $6.68 billion railway project with Nigeria. The company said in an official statement that the: “China Civil Engineering Group Co., Ltd. has diplomatic relations with Nigeria. The Ministry signed a supplementary implementation agreement No. 4 between Lagos […]
The strive to acquire 9mobile, the ailing mobile carrier in Nigeria is getting messier by the day. While Teleology Holdings, the preferred bidder as announced by Barclays Africa has not been able to take over the company due to various legal tussles, Smile Telecoms Holdings, the second preferred bidder is […]
Swiss biopharmaceutical company, Polyphor said it has set the offer price for its shares in the initial public offering, IPO, at CHF 38 per share. Polyphor said in a statement that the shares of the Company will commence trading on SIX Swiss Exchange today. The total placement volume, including Greenshoe […]
French insurance giant said it has raised about $14.9 billion for the acquisition of XL Group. AXA said the acquisition not dependent on the issuance of any additional debt following the flotation of part of its U.S. unit, AXA Equitable. The French insurer said overall proceeds from the initial public […]
General insurance provider, Mutual Benefits Assurance has just reported that it made a pretax profit of N1.34 billion for the first quarter. The result is a minor improvement over the N1.07 billion reported in 2017 within the same period. Total revenue for the period was N14.04 billion compared to N12.14 […]
Just as Xerox quits merger acquisition with Fujifilm, the latter has just announced a merger with Toyama Chemicals to form Fujifilm Toyama. Toyama Chemical is a company that conducts the research, development, manufacture, and sales of small molecule pharmaceutical products, and FUJIFILM RI Pharma Co., Ltd. Fujifilm said in a […]
Fujifilm could be looking at legal options as Xerox has just confirmed that it has back out of the acquisition deal. The duo of Carl Icahn and Darwin Deason, both activist investors who own 15% of Xerox were against the deal claiming the $6.1 billion offer undervalued. However, Carl Icahn […]