Gjensidige Forsikring Asa : Sold 10 million shares in Sparebank 1 SR-Bank . Offer was significantly oversubscribed. Shares were sold at a price of nok 61.00 per share vs Jan 18 close of NOK 62 . Following sale, Gjensidige holds 2,308,416 shares equal to 0.9 per cent of share capital . Arctic securities and Pareto securities acted as bookrunners on transaction .Remaining position will be managed as a pure financial investment in gjensidige's investment portfolio.
Standard Chartered Plc : Standard Chartered Bank and Allianz announced a 15-year bancassurance agreement . New partnership arrangements in Hong Kong, Singapore, Malaysia, Indonesia and China will be implemented during the course of 2017 . 15-Year bancassurance agreement for the distribution of Allianz’s general insurance products Further company coverage: [STAN.L,2888.HK,ALVG.DE] ((Bangalore.firstname.lastname@example.org;)).
Hotai Motor Co Ltd <2207.TW> : Says Hozan Investment Co Ltd acquires 99.73 percent outstanding common shares of Zurich Insurance (Taiwan) Ltd .Says transaction amount at T$6.8 billion ($215.67 million).
Novae Group Plc :Announces appointment of Reeken Patel as executive director and group chief financial officer, subject to regulatory approval.
Engie : ENGIE, Societe d'Infrastructures Gazieres (held by CNP Assurances and Caisse des Dépôts) and GRTgaz signed preliminary memorandum of understanding for the acquisition of Elengy (a wholly-owned subsidiary of ENGIE operating LNG terminals) at 100% by GRTgaz (the French natural gas transmission operator, owned 75% by ENGIE and 25% by SIG). . For the shareholders of GRTgaz and Elengy, this planned acquisition responds to both European gas infrastructure challenges and market player needs. The market is currently subject to infrastructure consolidation where very large players are integrating several gas chain businesses, in particular LNG terminals and gas transmission networks, says Engie . GRTgaz's acquisition of Elengy, bolstering GRTgaz with high quality LNG assets, would thus enhance France's position for international LNG trading, says Engie . Transaction would have no impact on the legal status of GRTgaz and Elengy, nor any consequences for their employees . Project illustrates the importance of natural gas in the strategy of ENGIE whose goal is to become the leader of the energy transition in the world, says Engie . Transaction will not modify the current shareholding of GRTgaz (75% ENGIE, 25% SIG) following a capital increase reserved to SIG and a contribution of shares owned by ENGIE.
Arthur J Gallagher & Co : Arthur J. Gallagher & co. Acquires hill, Chesson & Woody . Arthur J Gallagher & co says terms of transaction were not disclosed. .Arthur J Gallagher & co - Todd Yates, skip woody and their team will continue to operate from their Durham location under direction of John Tournet.
American International Group Inc :Announced rebranding of retail mutual fund family to aig funds from Sunamerica Mutual Funds, effective Feb 28, 2017.
Marsh & Mclennan Companies Inc - : Marsh & McLennan companies announces pricing of $1 billion senior notes offering .Has priced $500 million of 2.750% senior notes due 2022 and $500 million of 4.350% senior notes due 2047.
Hub International Ltd : Hub International acquires the assets of Pennsylvania-based Hubbard-Bert .Hub International Ltd - terms of acquisition were not disclosed.