Wolseley enters Scandinavia by buying DT Group

Article Abstract:

Wolseley PLC of the United Kingdom is to purchase DT Group AS of Scandinavia for 1.5 billion Euros ($1.9 billion). The British plumbing and heating equipment company will take on 484 million Euros in debt in the deal. With the merger Wolsley PLC will break into the Scandinavian market.

Scandinavia, Hardware, not elsewhere classified, Wolseley PLC, Hardware industry, Company overview

---

RBS-led group moves forward with renewed bid for ABN Amro

Article Abstract:

A consortium of European banks headed by Royal Bank of Scotland Group PLC has submitted a revised offer of $95.61 bil for Dutch bank ABN Amro Holding N.V. The renewed bid is larger than that made by U.K.'s Barclays PLC, and represents a premium of 13.7% to the value.

Commercial Banks, Banking industry, Netherlands, Royal Bank of Scotland PLC, Barclays PLC, ABN AMRO Holding N.V., ABN

---

London hedge fund turns to Asia: others have found region fertile ground; two deals for RAB

Article Abstract:

UK hedge fund manager RAB Capital PLC is seeking to expand its presence in Asia. The firm has added approximately $1 bil-worth of Asia-invested assets with two acquisitions during the past year, bringing its total funds under management to $6.3 bil.

Foreign operations, Asia, Management investment, open-end, Mutual fund industry

Similar abstracts:

• Abstracts: Blue yule for U.K. retailers. Karstadt returns to profit after selling real estate
• Abstracts: Gas cartel gains traction with alliance set to meet: producers to weigh OPEC-like group; big hurdles remain. Austria's OMV plans to acquire utility Verbund
• Abstracts: HSBC unit enters Indian venture. Essar prefers to buy out partner in venture. Reliance Industries launches organized-retail subsidiary
• Abstracts: Litton wins Avondale Industries with 511.2 million euros cash bid. Probe of Enron officers intensifies
• Abstracts: User-generated future. Music to their ears. Building le buzz

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.