HSBC Holdings PLC said Thursday that it plans to pull Hang Seng Bank Ltd. from Hong Kong's stock exchange in a HK$106 billion ($13.6 billion) deal, as the British lender seeks to broaden its footprint in Asia.
Law360 UK
Transactions
FRIDAY, OCTOBER 10, 2025 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

GettyImages-2239489700.jpg

HSBC To Privatize Hang Seng Bank In $14B Deal

By Najiyya Budaly

HSBC Holdings PLC said Thursday that it plans to pull Hang Seng Bank Ltd. from Hong Kong's stock exchange in a HK$106 billion ($13.6 billion) deal, as the British lender seeks to broaden its footprint in Asia.

Read full article » | Save to favorites »

Pinsent Masons, Fogler Rubinoff Steer £45M Energy Biz Deal

By Irene Madongo

Sintana Energy will buy rival Challenger Energy for approximately £45 million ($60 million) in an all-share transaction backed by the boards of both companies, the oil and gas explorers said on Thursday.

Read full article » | Save to favorites »

Acquisition Co. Marwyn In Talks To Acquire Private Capital Biz

By Dawood Fakhir

Marwyn Acquisition Co. III said Thursday it is in talks to acquire Palmer Street Ltd. in a transaction that would launch the private capital administrator onto the London Stock Exchange.

Read full article » | Save to favorites »

M&A

Ropes, Kirkland Guide $5.2B Novo Nordisk Liver Disease Deal

By Al Barbarino

Novo Nordisk said on Thursday it will acquire U.S.-based Akero Therapeutics for up to $5.2 billion in cash, expanding its portfolio into metabolic liver disease in a deal steered by Ropes & Gray LLP and Kirkland & Ellis LLP. 

Read full article » | Save to favorites »

Lloyds Takes Full Ownership Of Schroders Personal Wealth

By Dawood Fakhir

Lloyds Banking Group PLC said Thursday that it has struck a deal with asset manager Schroders to acquire full control of their wealth management and advice joint venture, which has approximately £17 billion ($22.6 billion) in assets under administration.

Read full article » | Save to favorites »

Brief

Nordic Capital, Permira $3B Vaccine Biz Buy Wins EU Nod

By Tom Fish

The European Commission has approved the all-cash 19 billion Danish kroner ($2.95 billion) takeover of Bavarian Nordic A/S by private equity firms Nordic Capital and Permira, the vaccine maker said Thursday.

Read full article » | Save to favorites »

Brief

Consultancy Ricardo Joins WSP After Transaction Completed

By Irene Madongo

The environmental and engineering consultancy Ricardo PLC on Thursday announced the completion of its takeover by Canadian professional services firm WSP Global Inc., saying that combining the businesses will help their ambition of leading in energy-transition services.

Read full article » | Save to favorites »

CAPITAL MARKETS

Brief

Travel Food Outlets Owner Launches £100M Buyback

By Dawood Fakhir

SSP Group PLC said Thursday it will launch a £100 million ($134 million) share buyback program on the back of a "healthy balance sheet position" in order to highlight the company's confidence in its future.

Read full article » | Save to favorites »

PENSIONS

Arc Guides Healthcare Co. On £4M L&G Pension Deal

By Joel Poultney

Pre-hospital emergency care company Ferno Group has offloaded £4 million ($5.4 million) of retirement savings liabilities to Legal & General Assurance Society Ltd., in a deal guided by Arc Pensions Law which was revealed on Thursday.

Read full article » | Save to favorites »

LITIGATION

BAE Suppliers Deny Selling Faulty Parts In £11.5M M&A Row

By William Janes

The former owners of an aerospace component maker that supplied BAE Systems has denied knowingly selling faulty parts as it fights the new owner's claim for an £11.5 million ($15.3 million) refund after an acquisition.

Read full article » | Save to favorites »

Promo that reads Law360 Pulse Summer Associates Survey: Part 2 Promo that reads 2025 Regional Powerhouses

LAW FIRMS IN TODAY'S NEWS

4 New Square

Ashurst LLP

Clyde & Co

Enyo Law

Erskine Chambers

Fogler Rubinoff

Freshfields

Gorrissen Federspiel

Kirkland & Ellis

Kromann Reumert

Linklaters LLP

Pinsent Masons

Ropes & Gray

Sidley Austin

White & Case

COMPANIES IN TODAY'S NEWS

BAE Systems PLC

Bank of Scotland PLC

Barclays PLC

Bavarian Nordic A/S

Ferrari SpA

Global Logistic Properties Ltd.

HSBC Holdings PLC

Hang Seng Bank Ltd.

Hargreaves Lansdown

Hong Kong Exchanges and Clearing

JPMorgan Chase & Co.

Lloyds Bank PLC

Lloyds Banking Group PLC

London Stock Exchange Group PLC

Magellan Aerospace Corp.

Morgan Stanley

Nordic Capital Ltd.

Novo Nordisk A S

Permira

Ricardo PLC

Sanne Group PLC

Schroders PLC

TMX Group Ltd.

The Goldman Sachs Group Inc.

WSP Global Inc.

WSP Holdings Ltd.

GOVERNMENT AGENCIES IN TODAY'S NEWS

European Commission

European Union

Financial Conduct Authority

UK High Court