Aegon sells Guardian Life to Cinven for $450 mln
London/Amsterdam, Aug 16 (Reuters) – European buyout firm
Cinven has agreed to buy Dutch insurer Aegon’s
UK-based Guardian Life unit for 275 million pounds
($451 million), the first step in a bigger plan to scoop up more
British closed life funds.
Cinven said the deal, its third in the financial services
sector, would provide an attractive foothold in the market and
an opportunity to consolidate life funds which are closed to new
customers.
Catholic Church should pay Dutch sexual abuse victims – commission
(Pictures of sexual abuse victims placed outside the Vatican Embassy in London September 9, 2010/Stefan Wermuth)
TheDutch bishops’ conference had sought the recommendation of an independent commission after cases surfaced involving paedophile priests in the Netherlands, Belgium, Ireland, Germany, Australia, Canada and the United States.
Heineken shows no appetite for Foster’s counterbid
AMSTERDAM, June 21 (Reuters) – The world’s third-largest
brewer Heineken appeared to rule out a multi-billion
dollar counterbid for Australia’s Foster’s Group as it
said growth outside Europe would come from emerging markets.
The Amsterdam-based brewer of its eponymous beer, Amstel and
Dos Equis has made recent acquisitions in the emerging markets
of Mexico, Nigeria and Ethiopia, and analysts say it shows
little interest in the mature beer market of Australia.
Heineken focus on emerging markets, no Foster’s comment
AMSTERDAM (Reuters) – The world’s third-largest brewer Heineken (HEIN.AS: Quote, Profile, Research) said its focus outside its home base in Europe is on emerging markets, comments which appeared to rule out a counter-bid for Australia’s Foster’s Group (FGL.AX: Quote, Profile, Research).
“If you look at our expansion strategy, we see Europe as our home base. Europe is to a large extent mature, profitable, but a very mature market, so you see that the expansion we do outside Europe will be in emerging markets,” Heineken’s Chief Financial Officer Rene Hooft Graafland told Reuters in an interview.
Capital One to buy ING’s U.S. online bank for $9 billion
AMSTERDAM/CHARLOTTE, North Carolina (Reuters) – Capital One Financial Corp plans to buy ING Groep NV’s U.S. online bank for $9 billion in cash and stock, freeing the Dutch bank to repay bailout funds and sever its state ties.
ING is in the throes of a wrenching restructuring, forced on it as a condition of a 10-billion-euro state bailout during the 2008 financial crisis.
Saab halts output again, talks with suppliers
AMSTERDAM, June 9 (Reuters) – Struggling Swedish carmaker
Saab has halted output again while it talks with suppliers and
negotiates more funds, just days after ending a long stoppage,
Dutch owner Spyker (SPYKR.AS: Quote, Profile, Research, Stock Buzz) said on Thursday.
Saab shut down for most of April and May and only got output
going again on May 27 after reaching a deal with Chinese auto
dealer Pangda (601258.SS: Quote, Profile, Research, Stock Buzz) to buy 30 million euros worth of cars.
Pangda later signed up for 15 million euros more of vehicles.
Spyker turns to China’s Pangda for Saab rescue
AMSTERDAM (Reuters) – China’s largest listed car distributor has come to the rescue of Saab in a deal worth as much as 110 million euros, potentially staving off the collapse of one of Sweden’s best-known brands.
Spyker Cars (SPYKR.AS: Quote, Profile, Research, Stock Buzz), the Dutch owner of Saab, on Monday announced a deal with China’s Pangda Automobile Trade Co Ltd (601258.SS: Quote, Profile, Research, Stock Buzz) which it said would secure Saab’s medium-term funding needs.
Saab fans hope for turbocharged saviour
AMSTERDAM/STOCKHOLM, April 29 (Reuters) – For an enthusiast
like Karl Ask, you can never have enough Saabs.
The 23-year-old Swede has 11 already — including a Saab 93
and Saab 95, featuring the two-stroke engines — and has his eye
on the Saab 92, an earlier and rarer model.
Spyker can’t meet Saab target, taps owners, China
AMSTERDAM/BEIJING, April 29 (Reuters) – The outlook for
Swedish carmaker Saab deteriorated further on Friday as its
Dutch parent Spyker Cars NV (SPYKR.AS: Quote, Profile, Research, Stock Buzz) cut its 2011 target and
turned to shareholders as well as Chinese companies for funds.
Amsterdam-listed Spyker bought Saab from General Motors Co
(GM.N: Quote, Profile, Research, Stock Buzz) a year ago but has struggled to turn around the company.
Spyker in sale, leaseback talks to fund Saab
AMSTERDAM, April 11 (Reuters) – Spyker Cars (SPYKR.AS: Quote, Profile, Research, Stock Buzz), the
loss-making Dutch owner of Swedish car manufacturer Saab, is in
talks to sell and lease back Saab’s real estate so it can settle
a cash crunch and pay suppliers, the CEO said on Monday.
Spyker, which bought loss-making Saab from General Motors
(GM.N: Quote, Profile, Research, Stock Buzz) last year, has said the company is not facing collapse
but a short-term liquidity crunch.
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