The Competition and Markets Authority said Wednesday that it has increased its scrutiny of Vandemoortele Group's proposed acquisition of Délifrance SA over concerns that the deal could reduce competition in the supply of frozen pastries.
The Competition and Markets Authority said Wednesday that it has increased its scrutiny of Vandemoortele Group's proposed acquisition of Délifrance SA over concerns that the deal could reduce competition in the supply of frozen pastries.
Retail giant Tesco said Wednesday that it will return up to £750 million ($1 billion) to its shareholders through a share buyback program over the next 12 months, with the first £250 million chunk set to begin immediately.
German private equity shop Mutares said Wednesday that it has raised €105 million ($123 million) to fuel its expansion in the U.S. through acquisitions.
Rift Helium said Wednesday that its shares have started trading on the London Stock Exchange after raising approximately £8.1 million ($11 million) in its initial public offering to help boost its production plans in Tanzania.
European investment firm Wendel said Wednesday that it has acquired a controlling 56% stake in global private investor Committed Advisors from its founders for approximately €386 million ($453 million), strengthening its asset management platform and presence in the secondary markets.
Swedish bank Norion said in a statement Wednesday that it will buy investment company Strand Kapitalförvaltning AB as it seeks to build up its wealth management offering to 15 billion Swedish kronor ($1.6 billion) of assets under management.
The European Union's new directive on third-country branch rules for non-EU banks will have a significant impact on U.K. banks, which will no longer be permitted to provide core cross-border services into the EU without a local presence, unless an applicable exemption or carveout applies, say lawyers at Farrer & Co.
In a recent ruling, a Barcelona court refused to recognize a €365 million U.K. judgment against Cerberus Capital, showing that a foreign decision may be sound, final and enforceable in its own jurisdiction, yet still be refused entry where it threatens to displace a dispute already before the Spanish courts, says Josep Galvez at 4-5 Gray’s Inn Square.
