BP to Market UK North Sea Oil and Gas Assets Following Ithaca Energy Discussions
BP is putting its UK North Sea oil and gas assets up for sale, following discussions with potential buyer Ithaca Energy.
IPO & M&A
BP to Market UK North Sea Assets Following Ithaca Energy Discussions
BP announced that it will put its UK North Sea business up for sale, following discussions with potential buyer Ithaca Energy, signalling a strategic move to divest its offshore oil and gas assets in the region.
SoftBank Eyes German Robotics Startup Gravis in Push to Expand AI-Driven Technology Portfolio
SoftBank Group is weighing a possible purchase of German robotics startup Gravis Robotics AG, aiming to strengthen its portfolio with AI‑powered robotics solutions.
Allianz to acquire HSBC Life Singapore for $2.09 billion, pursuing Asian expansion after failed bid
Allianz will purchase HSBC Life, the Singapore arm of HSBC’s insurance operations, for $2.09 billion. The deal follows a failed attempt at acquiring Income Insurance in Singapore at the end of 2024 due to political resistance, and it aims to strengthen Allianz’s presence in the Asian insurance sector.
UniCredit Confident of Commerzbank Regulatory Approval This Year, Raises Profit Targets
The Italian banking group UniCredit said it expects to secure approval for its takeover of Germany’s Commerzbank within the current year. The bank believes the transaction will have a smaller impact on its balance sheet than previously thought and has consequently increased its earnings target.
Slovenian Lender NLB Secures Nearly 30% Stake in Addiko Bank with Wellington Management Support
Slovenian lender Nova Ljubljanska Banka (NLB) has acquired nearly 30% of Addiko Bank, strengthening its position in the contested takeover with backing from US asset manager Wellington Management. Despite this, Austria’s Raiffeisen Bank International continues to lead the bidding war for the Austrian‑based Addiko Bank.
Montepaschi Board Rejects Intesa Sanpaolo’s €30.6 Billion Takeover Bid
Montepaschi’s board rejected Intesa Sanpaolo’s unsolicited €30.6 billion takeover bid, arguing it undervalues the bank and presents regulatory and execution risks. The board signaled openness to alternative merger possibilities, including with Banco BPM.
Digi Spain Telecom Debuts on Madrid Exchange with 1.662 Billion Euro Valuation
Digi Spain Telecom made its debut on the Spanish stock exchange with an IPO priced at 5.60 euros per share, resulting in a market capitalization of approximately 1.662 billion euros. The company placed 17.3% of its capital and is backed by major shareholders including Mayoral. This is the second IPO on the Spanish exchange in 2026, following TSK.
Airtel Africa to pursue London IPO of mobile money unit in $1.5bn flotation push
Airtel Africa is planning to float its mobile money business on the London Stock Exchange in a rare IPO that could raise around $1.5 billion and provide a boost to the UK’s public markets.
Insolvency Administrator Challenges Aggregate’s Major Berlin Real Estate Disposal
The insolvency administrator of real estate company Aggregate is attempting to annul a multi-million euro property sale. The sale of the Heidestraße quarter property, overseen by former CEO Cevdet Caner before the company’s bankruptcy, is now under judicial review to determine whether the sale price was fair and whether creditors suffered damages.