Europe

Zurich sells shares in New Life China

Zurich Financial Services sold its shares in New Life China Insurance Co Ltd for US283 billion Zurich Financial Services AG announced that they have sold US$283 million worth of shares in New China Life Insurance Co Ltd.


Schneider Electric in talks with Invensys for possible US$5 billion takeover

Schneider Electric announced that they are in early talks to buy Invensys for US$5billion. Schneider Electric announced that they are in early talks to buy Invensys Plc.

'Super Angels' provide better chances for UK upstarts

Angel investors are saving the upstarts in the UK, according to a Deloitte poll. Recent studies show that a new breed of 'super angel investors' are driving the United Kingdom's economic growth by filling the void left by the absence of traditional venture funds for upstart firms.

Enstar Group buys Torus Insurance

Enstar Grouped acquired Torus Insurance in a US$692 million agreement. Enstar Group announced today that it acquired Torus Insurance for US$692 million.


Latest News

EasyJet gets approval from majority of its shareholders to proceed with its plan to purchase additional Airbus planes.
Good Energy Group Plc would sell 3.1 million stocks to finance UK solar park developments. Britain's renewable power provider, Good Energy Group Plc, planned to raise GBP3.
Vertu Motors acquired its first Volkswagen dealerships for GBP3 million. Vertu Motors acquired its first Volkswagen dealership for GBP3 million. This was the company's second acquisition since its GBP50 million share placing in May.
Playtech acquired PokerStrategy.com Limited and its fellow subsidiaries. Playtech announced today its acquisition of PokerStrategy. com Limited along with its fellow subsidiaries.
The majority stockholders of EasyJet backed the company's expansion plan despite the founder's resistance.
NVM private equity invests in management buy-out of Buoyant Holdings, a UK furniture manufacturer. NVM Private Equity invested in a British manufacturer of upholstered fixtures in the amount of GBP 7 million.
Falcon Oil & Gas Ltd. acquired Sweetpea's 24% minority interest or 50 million shares in Falcon Australia.
Palatine secures GBP 150 million funding after the close of its second fund. Manchester-based Palatine Private Equity secured funding amounting to GBP 150 million, 55% of which were commitments from overseas investors at the close of its second fund.
Oryx Petroleum stated it wanted its Kurdistan operations expanded. Canada's youngest publicly traded oil venture company, Oryx Petroleum Corp. , is examining whether or not a property near its main Kurdistan development has identical natural reserves.
EasyJet shareholders, Standard Life Investments and M&G Investments, were positioned to support an order for 135 Airbus SAS jets.