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India

Pamela Barbaglia

London Stock Exchange may sell Milan bourse to secure Refinitiv deal

31 Jul 2020

LONDON The London Stock Exchange (LSE) said on Friday it may sell all or part of Borsa Italiana to help get its $27 billion takeover of Refinitiv over the line, a move that could trigger a bidding war among European exchanges for the Milan assets.

Schroders first-half profit dips as COVID saps mutual funds

30 Jul 2020

LONDON Money manager Schroders on Thursday posted a 10% fall in half-year profit after the coronavirus crisis made investors cautious and drove heavy outflows from mutual funds, although assets under management rose to a record high.

Eurazeo sets September deadline for last-ditch bids for Europcar: sources

28 Jul 2020

LONDON/FRANKFURT Investment firm Eurazeo has asked bidders to submit last-ditch bids in September for French car rental firm Europcar Mobility Group SA as it seeks to avert a painful restructuring, sources familiar with the matter told Reuters.

British Airways owner considers 2.8 billion euro share issue to prop up finances

24 Jul 2020

LONDON British Airways owner IAG  said on Friday it is drawing up plans for a possible rights issue of up to 2.75 billion euros (2.51 billion pounds) to strengthen its balance sheet. | Video

British Airways owner to raise up to 2.5 bln euros with share issue -sources

24 Jul 2020

LONDON, July 24 British Airways owner IAG is set to issue shares at the end of the summer in a bid to raise up to 2.5 billion euros ($2.88 billion) to keep the business afloat and avoid a government bailout, several sources said.

Adevinta buys eBay's classifieds unit in $9.2 billion deal

21 Jul 2020

OSLO/LONDON U.S. firm eBay Inc has agreed to sell its classified ads business to Norway's Adevinta in a deal worth $9.2 billion, creating the world's largest classifieds group, the companies said on Tuesday.

Adevinta wins auction to buy eBay's classified ads unit for nearly $9 billion - sources

20 Jul 2020

NEW YORK/LONDON Norway's Adevinta has won the auction to buy the bulk of eBay's classified ads unit for nearly $9 billion, with the U.S. e-commerce firm planning to keep a minority stake, two sources familiar with the matter told Reuters on Monday. | Video

UBS, Morgan Stanley expected to lead Vodafone Tower IPO - sources

17 Jul 2020

FRANKFURT/LONDON UBS and Morgan Stanley are expected to organise the lucrative listing of Vodafone's European towers unit - a deal that could value the entire business at up to 16 billion euros ($18 billion), sources familiar with the matter said.

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