World Business Briefing | Europe: Britain: Real Estate Agency Acquired
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Countrywide, Britainâs largest real estate agent, said it had agreed to be taken private by the 3i Group in a deal that values the company at about $1.8 billion. The 3i Group, a private equity group based in London, bid about 551 pence ($10.76) a share for Countrywide, a premium of 90 pence to the stock price on Sept. 13, the day before the private equity company said it planned to approach Countrywide with an offer. Countrywideâs managing director, Harry Hill, and other managers will join 3i as shareholders and continue to run the business.
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German heavy industry giant Thyssenkrupp said it has sold residential property worth 2.1 billion euros (2.8 billion dollars) to a consortium comprising the real estate funds of Morgan Stanley and German group ...
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A merger of the Deutsche BÃ¶rse and London Stock Exchange would combine the cash equities businesses of both in a single unit to be managed out of London
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WPP Group PLC, the London-based advertising giant, said Sunday that it had won the bidding to acquire Grey Global, based in the United States.
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Spanish bank Santander claimed victory for its 8.7 billion pound ($15.6 billion) agreed takeover of Britain&#39;s Abbey National after its most likely rival, UK bank HBOS, pulled out of the race.
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Real estate investment trust Archstone-Smith  will be acquired by real estate company Tishman Speyer and investment bank Lehman Brothers Holdings  for $22.2 billion, including debt, the companies said on Tuesday.
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Dutch chemical group Akzo Nobel  said it will be able to sell some of its British and Irish paint businesses as part of its divestment plan with European regulators who approved its 8 billion pound ($16.3 billion) acquisition of Britain's ICI
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London (ots/PRNewswire) - Eurocastle Investment Limited (LSE: ECT), an investment company managed by Fortress Investment Group LLC, today announced the acquisition of a portfolio of 109 properties from Deutsche Bank AG for approximately Euro 300 million.
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Luxury car business Aston Martin has been sold to a British-led consortium for Â£470m.
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WPP beat smaller French rival Havas and US private equity firm Hellman and Friedman, acquiring the last large independent advertising group after a 1990s consolidation in the industry.
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New Zealand-based professional services firm Opus International Consultants said today it had acquired Evans Grant Consulting, of the United Kingdom.
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Riley Property Holdings LLC, a new company majority owned by affiliates of New York-based investment firm Cerberus Capital Management LP, agreed to purchase LNR Property Corp.
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Real estate investment trust Archstone-Smith  on Tuesday said it agreed to be acquired by Tishman Speyer and investment bank Lehman Brothers Holdings Inc.  in a deal valued at $13.5 billion, reflecting the strong demand for high-end real estate by private investors.
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The Qatar Investment Authority said Thursday it had acquired a 20 percent stake in the London Stock Exchange, the same day that Borse Dubai announced a deal to acquire the Nasdaq Stock Market's 28 percent stake in the LSE.
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British estate agency firm Countrywide Plc  is in talks to be acquired by U.S. buyout group Apollo Management, a source familiar with the situation said on Sunday.
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Health Care REIT will acquire Windrose Medical Properties.
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The Blackstone Group sold the majority of its property holdings in Germany to institutional investors for about 1.6 billion euros ($2.1 billion), the company said yesterday. Blackstone said it had sold a majority stake in its Vitus subsidiary to a consortium including Round Hill Capital and Morley Fund Management, the wealth-management unit of the British insurer Aviva. Blackstone bought Vitus, which has more than 31,000 apartments, from a German holding company, WCM, at the end of 2004.