A consortium led by the Italian state lender CDP said on Saturday it had signed an agreement with Atlantia to buy a 88% stake in its motorway unit and would start talks with minority shareholders who have an option to sell their holdings.
London's FTSE 100 index ended higher on Friday, helped by gains in mining and financial stocks, while a record annual jump in domestic economic output in April strengthened views of a stronger recovery from last year's pandemic-driven disruption.
UBS and German asset manager DWS are pressing ahead with final bids for the asset management arm of NN Group after Europe's biggest insurers pulled out of the auction, three sources familiar with the deal told Reuters.
Private equity firm Apollo Global Management Inc said on Friday it will add David Simon, chief executive officer of Simon Property Group Inc, to its board along with four members from Athene Holding Ltd .
Magnachip Semiconductor Corp said on Friday that it has received a takeover bid from Cornucopia Investment Partners, topping a rival offer, which values the South Korea-based display and power chip maker at $1.66 billion.
* Govt will no longer provide funding (Adds quotes from consortium, details)
An initial 3 billion rand ($221.20 million) investment commitment should be sufficient to operate a newly re-launched South African Airways (SAA) for 12 to 36 months, the consortium purchasing a majority stake in the airline said on Friday.
Global equity funds faced big outflows in the week to June 9, as investors were wary ahead of U.S. inflation data, spooked by worries that an upside surprise could prompt the Federal Reserve to start tapering its massive stimulus.
German fashion e-tailer About You is expected to price its stock market listing at 23 euros per share, in the middle of its marketing range, the bookrunners organising the deal said.
Online sporting goods retailer Signa Sports United, owned by Austrian investor Rene Benko, has agreed to list on the New York Stock Exchange through a merger with a blank check company, in a deal valuing the firm at $3.2 billion, a person close to the matter said.
WASHINGTON (Reuters) -The top two Democrats in the U.S. Congress on Sunday vowed to probe the "rogue" actions of the Justice Department during former President Donald Trump's term, including its move to seize the communications records of Democratic lawmakers.