A potential acquisition of Commerzbank by UniCredit is moving closer, and political pressure is now mounting as Hesse’s Minister-President Boris Rhein delivers demands to UniCredit’s chief executive. The negotiations involve thousands of jobs and could have significant implications for Germany’s financial hub.
At a banking summit, Targobank’s chief Isabelle Chevelard confirmed interest in buying more assets, especially in the insurance market, following the recent acquisition of OLB. She also expressed concern about the rise of right‑wing forces.
Italian gaming group Lottomatica signed a merger deal to acquire Spain’s Cirsa, forming a worldwide leader in betting and gaming services.
Private equity firm Epiris has reached an agreement to buy UK‑based enterprise communications provider Gamma Communications for roughly £1 billion ($1.4 billion), concluding a months‑long takeover process.
Aon announced a $17 billion acquisition of US insurer broker USI, aimed at expanding its services for small and medium‑sized customers. The deal also generates a billion‑dollar profit for major shareholder KKR.
According to a media report, German insurer Allianz is weighing a potential acquisition worth billions of euros of the UK roadside assistance company AA. The owners of AA are also exploring alternative options to a sale.
Pasqal Holding SA, a quantum computing company, saw its shares surge 52% on its first day of trading after going public in New York through a SPAC merger, outperforming other recent quantum firm listings
Oura Health Oy, a Finnish maker of smart rings that monitor health, fitness and sleep, is planning to raise up to $3 billion through an initial public offering in the United States, according to sources.
Shein, the low‑cost fashion retailer, had intended to start its IPO this week but now appears to be delaying the listing until September in order to draw a broader investor base.
Ares Management Corp., a private‑equity firm, is set to acquire control of Toob Ltd., the UK‑based fiber broadband provider that has been supported by the government’s National Wealth Fund, according to sources familiar with the transaction.