Britainâs HHG sells life services arm for Â£1bil
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MELBOURNE: Britainâs HHG Plc has agreed to sell its life insurance business for Â£1.025bil to Life Company Investor Group, and plans to return Â£875mil of the proceeds to shareholders.
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Spain s Santander Central Hispano plans to raise an initial 1 billion pounds from the sale of closed-life books owned by Abbey National (LSE: ANL.L - news - msgs ) , the Sunday Times says.
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A 25% stake in nuclear power station firm British Energy is to go on sale immediately to fund nuclear clean-up costs.
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The company said it is selling the unit to Standard Chartered for nearly $1.1 billion so it can focus on its core credit card business.
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The government starts the process of selling its one-third stake in the firm responsible for the UK's nuclear programme.
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UK-BASED investment manager and life services provider HHG Plc has agreed to sell its Life Services business for an estimated $2.46 billion.
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PQ Corp., the specialty chemicals  business, said on Friday it was being sold to private equity  buyout firm Carlyle Group  for $1.5 billion.
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UK fire equipment manufacturer Kidde agrees a Â£1.4bn takeover by US manufacturer United Technologies.
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Rural hospital operator LifePoint  Hospitals Inc. LPNT.O agreed to buy rival Province Healthcare  Co. PRV.N for $1.03 billion in cash and stock to broaden its  geographic reach, the companies said on Monday.
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Federal-Mogul, the engineering company whose bankruptcy in the US is threatening the pensions of thousands of workers at its subsidiary Turner &amp; Newall, is sizing up a sale of its UK businesses.
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AMP&#39;S former British arm HHG will return $2.2 billion to long-suffering shareholders after finally striking a deal to sell its life insurance assets for $2.62 billion.
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British-based wealth management and insurance group HHG Plc. announced plans to sell its Life Services business to a venture capital group for 1.025 billion pounds.
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British energy giant BP has announced the sale of its refinery in Coryton, southeastern England, to Swiss petroleum company Petroplus for 1.4 billion dollars (1.07 billion euros).
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Charterhouse has beaten off competition from another private equity player to buy Saga, the company that provides services to the over-50s, for Â£1.
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Ionics Inc. , a Watertown water treatment company with global operations, agreed to be purchased yesterday by General Electric Co. for $1.1 billion in cash.
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Johnson &amp; Johnson announced a $25.4bn (Â£13.1bn) deal yesterday to buy Guidant Corporation, giving the healthcare company a stake in the fast-growing market for devices that regulate heartbeats.
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The company behind the Madame Tussauds and London Eye tourist attractions is bought in a Â£1bn deal.