Austrian bank BAWAG PSK on Tuesday announced that it has agreed to acquire Irish lender Permanent TSB Group Holdings PLC in a €1.62 billion ($1.9 billion) deal, a move that comes roughly half a year after the government-owned lender put itself up for sale.
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TOP NEWS

Austria's BAWAG To Buy Irish Lender Permanent TSB For $1.9B

By Jade Martinez-Pogue

Austrian bank BAWAG PSK on Tuesday announced that it has agreed to acquire Irish lender Permanent TSB Group Holdings PLC in a €1.62 billion ($1.9 billion) deal, a move that comes roughly half a year after the government-owned lender put itself up for sale.

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Deutsche Börse Buys $200M Stake In Kraken Crypto Platform

By Najiyya Budaly

The operator of Germany's stock market said Tuesday that it has taken a minority stake in Kraken for $200 million as the planned U.S. initial public offering of the cryptocurrency exchange is on hold.

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Insurers Face Mounting Backlog Of Pension Buyouts

By Martin Croucher

Insurers are facing a growing backlog of pension plans seeking to wind up and close amid an expected surge in such transactions this year, a professional services company said Tuesday.

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DEALS

Swedish Enviro Steelmaker Stegra Wins €1.4B In New Funding

By Najiyya Budaly

Swedish steelmaker Stegra said Tuesday that it has secured €1.4 billion ($1.7 billion) of funding from new and existing investors in a consortium led by the Wallenberg family to help it complete work on a green energy plant in the north of the Scandinavian country.

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Holding Co. Anemoi To Buy eSIM Biz In $150M Deal

By Tom Fish

Holding company Anemoi International Ltd. said Tuesday that it has made a binding agreement to acquire technology group Trasna Solutions FZ LLC in a reverse takeover valued at $150 million, to capture a slice of the "high growth" eSIM card market.

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Brief

Eurofins To Sell Electronics Testing Biz To US Co. For €575M

By Dawood Fakhir

Testing laboratories company Eurofins Scientific said Tuesday that it has agreed to sell its electrical and electronic testing business MET Labs to U.S. company UL Solutions for €575 million ($678 million).

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Brief

Mortgage Broker Acquires Homebuying Platform In £1.4M Deal

By Irene Madongo

Mortgage Advice Bureau Holdings PLC said Tuesday that it has purchased HomeOwners Alliance, a homebuyers guidance platform, in a deal worth at least £1.4 million ($1.9 million) that it expects will boost the range of its services.

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CAPITAL MARKETS

Marine Tech Biz Raises £16M In Oversubscribed Share Issue

By Tom Fish

SRT Marine said Tuesday that it has raised approximately £16 million ($22 million) through an oversubscribed share placing in a fundraising initiative aimed at growing the maritime surveillance technology business.

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LAW FIRMS IN TODAY'S NEWS

CMS Cameron McKenna

Covington & Burling

Cravath Swaine

GMP | G&C - Advogados Associados

Nabarro LLP

Penningtons Manches

COMPANIES IN TODAY'S NEWS

AstraZeneca PLC

CoinDesk LLC

Eurofins Scientific

Euronext Amsterdam NV

Lloyds Bank PLC

Lloyds Banking Group PLC

Payward Inc.

Sixth Street Partners

Temasek Holdings Pte. Ltd.

GOVERNMENT AGENCIES IN TODAY'S NEWS

U.S. Securities and Exchange Commission