Supermarket Income REIT PLC said Thursday that its joint venture with U.S. asset management firm Blue Owl has acquired 10 supermarkets from grocery giant Asda for £196 million ($257 million) in a sale and leaseback deal.
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FRIDAY, NOVEMBER 21, 2025 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

Supermarket Income, Blue Owl Buy 10 Asda Stores For £196M

By Dawood Fakhir

Supermarket Income REIT PLC said Thursday that its joint venture with U.S. asset management firm Blue Owl has acquired 10 supermarkets from grocery giant Asda for £196 million ($257 million) in a sale and leaseback deal.

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Equipment Seller HC Slingsby To Delist From AIM

By Tom Fish

HC Slingsby PLC said Thursday it plans to exit the London Stock Exchange's junior Alternative Investment Market due to legal and regulatory challenges and the compliance costs of a public listing.

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BNP Paribas To Launch €1.15B Buyback

By Dawood Fakhir

French multinational lender BNP Paribas said Thursday that it is planning to launch a €1.15 billion ($1.3 billion) share buyback program in November, as it disclosed plans to boost its capital buffer ratio to withstand financial distress.

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DEALS

Neon Legal Guides £9.3M Pension Deal For Caterer

By Najiyya Budaly

Retirement specialist Just Group has covered pension liabilities worth £9.3 million ($12.2 million) for U.K. catering company Dolce, risk transfer adviser First Actuarial said Thursday.

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Scandi Electrics Maker Kitron To Buy Rival For Up To €114M

By Tom Fish

Kitron ASA said Thursday that its subsidiary has agreed to acquire a Swedish electronics supplier, DeltaNordic AB, in a transaction valued at up to €114 million ($131 million) as the Norwegian company moves to strengthen its position in the growing defense market.

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NEWS IN BRIEF

Brief

PIC Appoints Interim CEO Ahead Of £5.7B Sale To Athora

By Irene Madongo

Pension Insurance Corporation PLC revealed the appointment of its chief financial officer Dom Veney as interim CEO on Thursday, ahead of retirement group Athora's completion of its acquisition of PIC in a deal worth an estimated £5.7 billion ($7.5 billion).

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Brief

Mayer Brown Guides Facilities Manager On £7M Acquisition

By Irene Madongo

Facilities management company Mitie said Thursday it has bought specialist engineering business Forest Group Holdings for up to £7 million ($9 million) cash, a move it anticipates will boost its offering for clients.

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Brief

Cleaning Products Biz McBride Eyes £20M Share Buyback

By Irene Madongo

Cleaning products supplier McBride said Thursday that it intends to return £20 million ($26 million) to investors through a share buyback amid concerns about its market capitalization.

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LAW FIRMS IN TODAY'S NEWS

Bird & Bird

Mayer Brown

COMPANIES IN TODAY'S NEWS

Advokatfirmaet Selmer DA

BNP Paribas SA

Blue Owl Capital Inc.

Carrefour SA

Euronext Amsterdam NV

JSE Limited

London Stock Exchange Group PLC

Tesco Corp.

The Goldman Sachs Group Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

NATO