French banking giant BNP Paribas SA said Thursday its vehicle-leasing firm Arval has entered into exclusive negotiations with Mercedes-Benz Group to acquire the German automaker's leasing subsidiary Athlon.
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SATURDAY, DECEMBER 20, 2025 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

BNP Paribas Unit To Buy Mercedes' Car Lease Co.

By Tom Fish

French banking giant BNP Paribas SA said Thursday its vehicle-leasing firm Arval has entered into exclusive negotiations with Mercedes-Benz Group to acquire the German automaker's leasing subsidiary Athlon.

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Latham, Debevoise Steer Howard Hughes' $2.1B Vantage Buy

By Jade Martinez-Pogue

Texas-based Howard Hughes Holdings Inc., led by Latham & Watkins LLP, on Thursday announced plans to acquire private equity-backed specialty insurance and reinsurance company Vantage Group Holdings Ltd., advised by Debevoise & Plimpton LLP, in a $2.1 billion deal.

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Italian Biz Raises €100M To Boost AI Cybersecurity Expansion

By Najiyya Budaly

Italian cybersecurity startup Exein SpA said Thursday that it has raised €100 million ($117 million) from a consortium including J.P. Morgan in order to develop its anti-hacking products that are embedded in cars, smart speakers and industrial machines.

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M&A

Brief

Qualcomm Completes $2.4B Alphawave IP Acquisition

By Dawood Fakhir

British semiconductor technology company Alphawave IP Group PLC said Thursday that the court-backed scheme for its $2.4 billion takeover by U.S. tech giant Qualcomm Inc. has become effective.

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Brief

AIB Group Completes €2B Significant Risk Transfer

By Tom Fish

AIB said Thursday it has completed a significant risk transfer transaction involving €2 billion ($2.3 billion) of residential mortgage assets, the financial services group's second such deal under its capital management program.

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PENSIONS

Debevoise, Eversheds Lead £525M Pension Deal For Skanska

By Dawood Fakhir

The U.K. subsidiary of Swedish builder Skanska AB said Thursday that it has transferred £525 million ($705 million) of its pension commitments in Britain to Standard Life in a buy-in transaction, which secures the retirement savings of about 5,500 members.

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CMS Steers PIC On £230M Port Co. Pension Deal

By Dawood Fakhir

Pension Insurance Corp. said Thursday that it has completed a £230 million ($308 million) pension deal with Peel Ports Group Ltd. in a deal guided by CMS and Gowling WLG.

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European Insurtech Lumera To Buy UK Pensions Consultancy

By Joel Poultney

European insurance technology company Lumera said Thursday it has penned a deal to buy Acuity, a British pensions and workforce reform consultancy.

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MERGER REVIEW

EU Approves Bakery Biz Deal With Plant Sales

By Matthew Perlman

European enforcers approved Belgian food group Vandemoortele's proposed acquisition of Délifrance SA from French grain cooperative Vivescia, conditioned on the sale of two production facilities for frozen dough products.

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LAW FIRMS IN TODAY'S NEWS

CMS Cameron McKenna

Debevoise & Plimpton

Eversheds Sutherland

Gowling WLG

Latham & Watkins

Linklaters LLP

Nabarro LLP

Paul Weiss

Reed Smith

COMPANIES IN TODAY'S NEWS

Allied Irish Banks PLC

BNP Paribas SA

Balderton Capital

Euronext Amsterdam NV

Geodesic Capital

Hellman & Friedman LLC

Howard Hughes Corp.

JPMorgan Chase & Co.

London Stock Exchange Group PLC

Mercedes-Benz USA LLC

Nasdaq Inc.

Peel Ports Ltd.

Phoenix Group Holdings

QUALCOMM Inc.

Skanska AB

Skanska UK Plc

Vantage Group Holdings Ltd.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Competition and Markets Authority

European Commission

UK High Court