A&O Shearman, CMS Steer Tesco's €1.7B Sale Of EU Cos.

By Dawood Fakhir

Grocery giant Tesco said Friday it has agreed to sell its businesses in the Czech Republic and Slovakia to Dutch retailer and wholesaler Ahold Delhaize for a total enterprise value of €1.7 billion ($1.9 billion).

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Latham Advises On £308M Buy Of National Express Owner

By Irene Madongo

Spanish bus operator Autobuses de León SL said Friday it has agreed to buy National Express owner Mobico in a £308 million ($413.5 million) deal that will pull the company off the London Stock Exchange.

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Tungsten Co. Begins Trading In London After £522M IPO

By Najiyya Budaly

Spanish miner Abenójar Tungsten SA began unconditional trading of its shares on the main market of the London Stock Exchange on Friday after an initial public offering valued at £522.2 million ($701.4 million).

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Germany's Evonik Snubs Chemical Giant BASF's Approach

By Dawood Fakhir

German chemicals company Evonik Industries AG said Friday it has rejected opening formal takeover talks with BASF SE, the largest chemical producer in the world, while leaving open a channel for informal discussions.

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Spanish Airline's Insolvency Protections Extended To UK

By Isabel Jackson

Spanish airline Volotea has been granted protection from creditors' actions within England and Wales while it negotiates a restructuring plan to avoid insolvency.

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Roundup

UK Litigation Roundup: Here's What You Missed In London

By Poppy Grainger

The past week in London has seen British-Georgian business executive George Howard Richmond file a claim against high-profile individuals including former Georgian President Mikheil Saakashvili and the Mittal family, a DP World subsidiary file the latest claim in ongoing litigation with the Republic of Djibouti, and the U.S. government bring a claim against the owners of cargo ship M.S. Solong.

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