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The latest news and events at Maples Teesdale

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Norges rivals Lee with £245m Shaftesbury buy

It feels like there will be quite a lot of corporate activity this year.  It is only February and there has already been a fair amount.  We have a number of clients who have specifically mentioned that they are looking for portfolios or corporate acquisitions as a way of gearing up quickly in size or to find value.

Norges rivals Lee with £245m Shaftesbury buy By David Hatcher22/02/2018 | Investment/financePrintDownloadShare Norges Bank Investment Management has bought out Invesco’s stake in Shaftesbury to build a more dominant position in the company, narrowing the gap with its biggest shareholder Sammy Tak Lee. The Norwegian sovereign wealth fund and second largest shareholder bought the 8.2% stake of the previously third largest shareholder at £9.70 per share. Norges now holds 20.86%.

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banking and securities, strategic land, stakeholder, dominance, commercial property, real estate, banking, bank, shareholders, equity, bid, takeover, investment management, buy in central london, invesco, shafts, shares