Invest in UK News

  • Indian firm Komli Media has acquired a UK based Indoor Media Limited

    Indian firm Komli Media has acquired the UK’s Indoor Media Ltd for an undisclosed amount. The deal was a cash and stock deal and is meant to reinforce the firm’s operations in the global market. Komli is a media network firm, keen on strengthening its international offering and increasing its portfolio.

  • AAC Capital mulling the selling of IMCD

    Dutch bank ABN AMRO’s former private equity arm, AAC Capital is mulling a sell of IMCD, sources revealed. Speculation has arisen that AAC Capital is keen on selling the Rotterdam based chemical distributor. As it stands currently, IMCD generates about 1 billion Euros in revenue. The reports first appeared Wednesday, reiterating the firm’s detailed plans geared at disposing the chemicals distributor.

  • UK based firms Borble and Label First merge creating a £2.3 million turnover company

    UK based firms Borble and Label First have sealed their merger, creating a 2.3 million pounds firm. The two label firms announced their merger deal Monday, with the fresh entity expected to have a turnover of the 2.3 million pounds. Under the terms of the agreement for the merger, Labels First managing director Gary Lovell will become a joint owner of the new entity and will be assisted by Gavin Scott.

  • Caldic completes acquisition of UK chemical distributor Omnichem

    Caldic said Friday it had finalized its takeover of Omnichem, a UK based chemical distributor. Caldic undertook the acquisition as a complementary addition to its operations in the UK. The firm is keen on reinforcing its UK offering, with a strategy that is focused on an expanded foothold. Caldic’s last takeover was concluded last month, with the continued acquisition geared at further expanding its businesses.

  • Global portable accommodation rental firm Algeco Scotsman on the acquisition spree

    Global portable accommodation rental firm Algeco Scotsman is on the acquisition spree, having taken over two firms across Europe. The firm bought French and a British firm; as it seeks to foment its position and offering. Algeco Scotsman bought Yvelinoise; a Paris based modular space renter and the UK’s Cabin Centre Ltd’s 2000 mobile storage units.

  • Fidelity Investment Managers expands its UK real estate portfolio

    In a bid to expand its UK commercial property portfolio, Fidelity Investment Managers purchased a number of commercial property sites. The firm said it had increased its UK commercial realty offering through the acquisition of several properties. It is understood the firm spent an estimated 85 million pounds on a range of investments. Most of the investments are found in the Midlands.

  • Europe based Cinven affiliated firm to takeover Spice, a provider of support services in UK

    After turning down two bids for its takeover, Spice is to be finally acquired by Cinven. Cinven, the European buyout firm, said it will be acquiring Spice, a provider of support services for an estimated 251.1 million pounds. The move comes in the face of two other subsequent buyout bids Spice fought, but still has to attain shareholder approval and other mandatory regulatory certifications. Cinven made the acquisition through Cilantro Acquisitions, a firm it created.

  • British Gas’s parent firm Centrica Plc acquires Connaught Compliance’s gas and electricity businesses

    British Gas’ parent firm, Centrica Plc Monday said its British Gas Business unit acquired the assets of the gas and electricity services businesses of Connaught Compliance. Connaught Compliance is the trading arm of the Connaught Group Plc. The transaction will be undertaken for an estimated 11.2 million pounds, to be paid in full and in cash upon sealing the deal. The investment is expected to result in a 600 strong work force for British Gas Business.

  • China based Bright Food to purchase the UK’s United Biscuits

    United Biscuits may be up for sale if the Sunday Times report is anything to go by. The Newspaper carried reports regarding a planned purchase of the UK based firm by Chinese firm, Bright Food. The Chinese firm is currently believed to be in exclusive talks for the purchase. If successful, the investment will see the Chinese firm part with about 2.5 billion pounds.

  • Office of Fair Trading decides not to refer KNOC's bid for Dana Petroleum to the UK's Competition Commission

    The UK’s Office of Fair Trading last week said it will not be referring the Korea National Oil Corp offer for Dana Petroleum to the country’s competition watchdog. In its ruling, the office reiterated there was no need to refer the Korean takeover plans for the British firm, Dana Petroleum to the Competition Commission. Its decision was motivated by information available under the UK’s 2002 Enterprise Act.

  • UK’s Office of Fair Trading considering undertakings offered by Asda with regard to Netto stores acquisition

    The UK’s Office of Fair Trading is considering Asda’s propositions regarding its proposed takeover of Netto’s stores in the country. The agency is mulling undertakings offered by Asda regarding its intended takeover of the 194 groceries stores owned by Netto in the UK. Asda is interested in selling 47 Netto stores based all over the UK in a move targeted at solving local competition concerns that have come to light as a result of the merger.

  • Spanish airline Iberia - British Airways $8 billion merger gets thumbs up

    The $8 billion merger proposal between Iberia and British Airways has finally gotten the thumbs up from regulators. Regulatory approval was the only thing standing in the way of the deal. The approval however comes after the Spanish airline, Iberia, approved a fresh funding arrangement for British Airway’s multibillion-pound pension deficit.

  • Largest domestic airline in the UK, Flybe mulls for acquisitions

    Flybe may be making at least two acquisitions as it seeks to expand its continental Europe operations. Currently the largest domestic airline in the UK, the firm is thought to be mulling acquisitions as it increases its business size for growth. As it stands, the firm has gradually hiked its size by almost half via acquisition of units in British Airways. However, it is understood Flybe is not keen on expanding beyond the UK, with its focus strongly rooted on the domestic UK market.

  • 3i Group sells off 6.6% in Welspun Corp Ltd

    The 3i Group has sold 6.6 per cent of its shareholding in Welspun Corp Ltd. 3i sold the stake in the steel pipemaker, formerly called Welspun Gujarat Stahl-Rohren. The 3i Group bought the shareholding in Welspun Corp back in 2007 for an estimated Rs 350 crore. The acquisition came as one its introductory forays into India, an investment it undertook via the private- investment-public-equity mode.

  • New Zealand based Tru-Test Group makes considerable investment in the UK

    New Zealand based Tru-Test Group has made considerable investment in the UK. True-Test Group, headquartered in New Zealand and considered the leading firm in electric fencing, animal weighing and milk metering equipment, undertook a significant amount of investment in the UK through the purchase of the business and assets of Ritchey and the shares of Fearing. The firm will be taking over the operations and assets of Ritchey, in addition to the shares of the Fearing firm.

  • Dubai based Elder Pharmaceuticals to acquire UK firm NeutraHealth Plc

    Elder Pharmaceuticals will acquire NeutraHealth Plc through its wholly owned subsidiary, Elder International FZCO. The UK based NeutraHealth Plc will be bought for an estimated 9.8 million pounds, around Rs 70.60 crore. Elder Pharmaceuticals subsidiary, Elder International FZCO is based in Dubai, and the investment is meant to bolster its offering in the UK.

  • Spanish based Bank Santander UK to launch £20 billion London listing IPO, reports

    There has been increasing conjecture in the Spanish press over Santander UK’s plans for a London Listing. The Spanish Bank is speculated to be mulling an initial public offering (IPO) in the London bourse pegged at about £20 billion for its UK business. The move comes as an effort targeted at raising additional cash reserves to bolster the bank’s investment warchest, after it undertook a wave of acquisitions.

  • UK based Rok Ltd readies for refinancing talks with lenders

    The Financial Times reported Thursday UK based Rok Ltd is readying itself for refinancing talks with lenders. The announcement comes a month after the property firm issued a second profit warning in 2010, as the firm seeks finances for sustained growth. In August, Rok reported critical losses in its plumbing, heating and electrical businesses. The firm was subsequently forced to wipe half the value of its shares.

  • First Milk and Milk Link announce agreeing on terms for Arla Foods UK plc to become a shareholder in Westbury Dairies Limited

    First Milk and Milk Link reported Tuesday they had struck an agreement that will see Arla Foods UK Plc become a shareholder in Westbury Dairies Ltd. Westbury Dairies Ltd is a joint venture firm, owned by First Milk and Milk Link, that produces the UK’s foremost skimmed milk powder and bulk butter.

  • Spain’s largest utility firm mulls investment of € 4.8 in the U.K. through 2012 to develop wind-energy parks and power grids

    Spain’s biggest utility company, Iberdrola SA, Monday reported that it is mulling an investment of 4.8 billion Euros in the UK for the development of renewable energy sources. The firm said it is planning to invest the amount in setting up wind energy parks and power grids in the UK through 2012. Iberdrola SA is a Spanish power producer and other than its wind energy venture, the firm added that it will be developing a carbon capture and storage project in its Scotland plant, the Longannet facility.

  • Lloyds Banking Group agrees to sell its stake in Crest Nicholson to U.S. investment company Varde

    The Lloyds Banking Group reported Friday that it had agreed on a deal that will see it sell its controlling stake in Crest Nicholson to Varde, a US based firm. The London Listed Lloyds Banking Group undertakes the Crest Nicholson stake sell as part of its ongoing non-core assets disposal. The overall aim of the non-core assets disposal is geared at enabling the Banking Group refocus on its core lending operations.

  • Canadian firm Miranda Technologies Inc acquires OmniBus Systems Ltd., a British-based maker of an integrated system for managing media content

    Canadian firm Miranda Technologies announced Thursday the acquisition of UK based OmniBus Systems Ltd. The Montreal based Miranda Technologies Inc. is a provider of infrastructure and monitoring systems for TV broadcasters and distributors. It reported that it had agreed on a deal that will see takeover OmniBus Systems Ltd, the British developer of an integrated system for managing media content.

  • Dana Petroleum (E&P) Ltd goes into an agreement with Petro Canada UK Ltd to acquire Petro-Canada UK’s interests in certain UK assets

    UK based Dana Thursday announced that its subsidiary, Dana Petroleum had appended an agreement with Petro-Canada UK Ltd that will see Dana acquire particular interests of Petro-Canada in the UK. Petro-Canada UK Ltd is a wholly owned subsidiary of Suncor Energy Inc. and the asset sale will give it about 240 million pounds. The acquisition is an all cash consideration for the 240 million pounds sum, said Dana.

  • Vodafone has announced the sale of its 3.2 per cent stake in China Mobile for around £4.3billion

    Vodafone announced Tuesday the sale of its 3.2 per cent controlling stake in the Chinese firm, China Mobile for an estimated 4.3 billion pounds. The British mobile phone giant made the move as one in a line of many to come as it moves to offload its minor overseas investments. Analysts expect the firm to launch a series of sell offs of its minority holdings, a move geared at shifting its focus to its core markets in an effort to enhance its share price.