Global

BRIEF: Novartis acquires Endocyte
Global

BRIEF: Novartis acquires Endocyte

Novartis today announced that it has completed the acquisition of Endocyte, Inc., a US-based biopharmaceutical company focused on developing radioligand and CAR-T therapies for cancer treatment. The company did not disclose how much it paid for the acquisition.

ALERT: Atlas Mara posts $30.6 million for Q3
Global

ALERT: Atlas Mara posts $30.6 million for Q3

One of the largest shareholders of Union Bank of Nigeria, Atlas Mara Limited has released its third quarter result for the third quarter showing it reported $30.6 million as net profit for the period. See result full details below: Atlas Mara Limited (“Atlas Mara” or the “Company” and, including its subsidiaries, […]

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 […]

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 […]