Deal by state-backed lender’s new chief is latest sign of supermarket sector’s retreat from financial services
Ex-BP boss Tony Hayward will run group after buyout firm acquires assets in Italy, Egypt and Croatia from Energean
‘Dividend recapitalisations’ hit record rate as private equity owners take advantage of easy credit conditions
Deal would feed growing appetite for credit as bidders expand beyond their private equity roots
Plus, how Europe’s playing catch up with a new Nato tech defence fund
Consortium led by CVC makes improved offer for UK’s largest retail investment platform
Shares in cancer-test developer trading in low volumes ahead of spin-off demanded by antitrust regulators
Purchase of Singapore-based Pavilion Energy is its latest bet on the fossil fuel
Plus, Deutsche Bank goes on a hiring spree to beef up dealmaking and UBS tries to fix Credit Suisse’s Greensill mess
Investment by Singapore state-owned fund expected to power international growth for financial services company
Lenders are considering their options at Pluralsight, a distressed company owned by private equity firm Vista Equity Partners
German lender has aggressively expanded parts of its investment bank over past 18 months
Small number of big groups could lift supplies of metal vital for clean energy transition, according to Freeport CEO
Stephen Lansdown says he wants to know what any new owner would do with the retail investment site
Deal is latest example of consolidation in fast-growing sector providing alternative full-fibre networks
Generation facilities have become sought after assets as AI is expected to drive strong demand for electricity supply
French private equity firm and Saudi Arabian wealth fund take holdings of 38% in big shake-up of London’s busiest airport
Environment remains tough but several groups are doing deals
Deal push follows another profit warning from Crest Nicholson
Plus, how David Ellison’s bid for Paramount collapsed and the steep geopolitical battle to buy a US ammunitions maker
Investors split over options that range from deal with rival Ardonagh or putting together new rescue financing
Early affinity between billionaire scions Shari Redstone and David Ellison devolved into stony silence as deal collapsed
Plus, Golden Goose gears up for its roughly €2bn IPO and social media app BeReal’s real price
Michal Strnad’s group has come under fire from Republican politicians after a $2bn bid for Kinetic
Simply the pest
UK Edition
