Pensions business Chesnara PLC said Tuesday that it has agreed to buy insurance policy manager Scottish Widows Europe from a subsidiary of Lloyds Banking Group PLC for €110 million ($130 million) in cash as it seeks to expand on the Continent.
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WEDNESDAY, FEBRUARY 18, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

Linklaters Steers Pensions Biz In €110M Scottish Widows Buy

By Tom Fish

Pensions business Chesnara PLC said Tuesday that it has agreed to buy insurance policy manager Scottish Widows Europe from a subsidiary of Lloyds Banking Group PLC for €110 million ($130 million) in cash as it seeks to expand on the Continent.

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DLA Piper Steers L&G On Three Bulk Annuity Purchases

By Tom Fish

​Legal & General has helped secure £86 million ($117 million) of pension liabilities across a U.K. manufacturing and construction group's three retirement programs, Broadstone said Tuesday.

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Osborne Clarke, CMS Guide £180M Tech Biz Pension Deal

By Joel Poultney

Pension insurer M&G has taken on £180 million ($243.3 million) in retirement savings liabilities from a scheme sponsored by high technology components manufacturer, in a deal guided by Osborne Clarke and CMS, an adviser on the transaction has said.

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DEALS

Canadian Co. Wheaton Secures $4.3B Silver Deal With BHP

By Dawood Fakhir

Wheaton, a Canadian multinational precious metals streaming company, said Tuesday that it has agreed to buy almost one-third of the silver produced in a mine in Peru from a unit of mining giant BHP for an upfront consideration of $4.3 billion.

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Fitch Predicts Rise In European Insurance M&A In 2026

By Martin Croucher

The European insurance market could see a wave of further mergers and acquisitions this year, a ratings agency said Tuesday.

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Mapping Software Biz To Vote On £87M Takeover Offer

By Dawood Fakhir

British mapping software business 1Spatial said Tuesday that it has convened its shareholders to vote on a proposed takeover offer of approximately £87.1 million ($117 million) from a portfolio company of U.S. technology investor Battery Ventures.

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NEWS IN BRIEF

Brief

Coca-Cola Biz To Return €1B To Shareholders

By Irene Madongo

Coca-Cola Europacific Partners said Tuesday that it will reward investors with a buyback worth up to €1 billion ($1.2 billion) as it seeks to reduce the share capital of the sole licensed bottler of Coca-Cola for the two regions.

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Brief

Property Biz Eyes German Deals With £77M Capital Raise

By Irene Madongo

Sirius Real Estate Ltd. said Tuesday it will receive £77 million ($104 million) in proceeds from a share offering as it looks to snap up defense-related assets in Germany.

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Brief

InterContinental Hotels Group Kicks Off $950M Share Buyback

By Irene Madongo

InterContinental Hotels Group began a share repurchase program on Tuesday to return up to $950 million more to investors as the hospitality giant reported record hotel openings.

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Brief

EU Clears AXA's Buy Of Vodafone, Telefónica Fiber Biz Stake

By Tom Fish

The European Commission has cleared the acquisition by Axa Investment Managers of a 40% stake in Spanish fiber network operator FiberPass, removing the need for a formal merger filing, Vodafone Spain's owner Zegona said Tuesday.

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Promo that reads 2025 Practice Groups of the Year

LAW FIRMS IN TODAY'S NEWS

A&O Shearman

CMS Cameron McKenna

Clifford Chance

Cuatrecasas

DLA Piper

Latham & Watkins

Linklaters LLP

Nabarro LLP

Osborne Clarke

Travers Smith

Uria Menendez

COMPANIES IN TODAY'S NEWS

AXA Investment Managers SA

Antamina SA

Aviva PLC

BHP Group PLC

Bank of Montreal

Battery Ventures LP

Canaccord Genuity Group Inc.

Downing LLP

Euronext Amsterdam NV

Fitch Ratings Ltd.

Fort Point Capital

Glencore PLC

HSBC Holdings PLC

Hiscox Ltd.

InterContinental Hotels Group PLC

J O Hambro Capital Management Ltd.

Legal & General Group PLC

Lloyd's America Inc.

Lloyds Banking Group PLC

London Stock Exchange Group PLC

Mitsubishi Corp.

Munich Re Group

Nasdaq Inc.

Next Insurance Inc.

RBC Capital Markets

Senior PLC

Teck Resources Ltd.

The Bank of Nova Scotia

The Goldman Sachs Group Inc.

Vodafone Group PLC

GOVERNMENT AGENCIES IN TODAY'S NEWS

European Commission

European Union