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.
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Norges rivals Lee with £245m Shaftesbury buy
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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As Rachel Reeves delivers her long-awaited Budget, the first by a Labour government for almost 15 years, we summarise the headline items...
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