Reuters UK Business

By Francesca Landini and Nerijus Adomaitis MILAN/OSLO (Reuters) -Italy’s Saipem has agreed to merge with Norwegian rival Subsea 7 in an all-share deal to create a leading global player in offshore energy services. The combined group, to be renamed Saipem7, will have an order backlog of 43 billion euros ($45 billion), revenue of about 20 …

Italy’s Saipem, Norway’s Subsea 7 to create energy services leader Read More »

By Foo Yun Chee BRUSSELS (Reuters) – EU antitrust regulators have paused their investigation into Liberty Media’s 3.5-billion-euro ($3.7 billion) bid for Dorna Sports while waiting for information from the companies, the European Commission said on Monday. The EU antitrust enforcer opened a full-scale investigation in December, warning that the deal could push up prices …

EU regulators pause probe into Liberty Media, Dorna deal, await information Read More »

By Leo Marchandon and Nqobile Dludla JOHANNESBURG (Reuters) – Dutch technology investor Prosus has agreed to buy Just Eat Takewaway.com for 4.1 billion euros ($4.3 billion) to create a “European tech champion” of food delivery, it said on Monday. Prosus’ move comes nearly five years after it lost a takeover battle for Just Eat to …

Prosus to buy Just Eat to create a European food delivery ‘champion’ Read More »

(Reuters) – Britain’s National Grid has reached a deal to sell its U.S. onshore renewables business to Canadian investment firm Brookfield Asset Management for $1.74 billion including debt, it said on Monday. National Grid has been refocusing investments on its energy network business and seeking buyers for its renewables arm and Grain liquefied natural gas …

National Grid sells $1.7 billion US renewables arm to Brookfield Read More »

By Eric Onstad LONDON (Reuters) – One party has taken control of up to 90% of available London Metal Exchange (LME) aluminium inventories worth half a billion dollars, according to LME data on Monday. The exchange does not provide the identity of parties holding large positions, but often investors or traders will hold inventories hoping …

Up to 90% of LME aluminium inventories controlled by one party, data shows Read More »

FRANKFURT (Reuters) – Germany’s conservative CDU/CSU bloc won most votes in Sunday’s national election and could form a government with the Social Democrats (SPD), allaying market fears that Europe’s top economy can only be ruled by another three-way coalition. Here are reactions from German business leaders: RWE CEO MARKUS KREBBER: “The first important step now …

German business leaders respond to election outcome Read More »