Nordic Capital, a Stockholm-based private-equity firm, is leading bidders for LTS Lohmann Therapie-Systeme AG, which would end a nearly yearlong attempt to sell the German nicotine-patch maker, people with knowledge of the matter said.
Prelios SpA, the Italian asset manager studying a merger of two units with those of Fortress Investment Group LLC, said it expects Italian banks to sell as much as 50 billion euros ($69 billion) of bad loans in the next two-to-three years.
The lawyer appointed to investigate the Bank of England’s alleged knowledge of currency manipulation plans to seek an information-sharing agreement with the U.K.'s markets regulator, according to people with knowledge of the discussions.
Davy, Ireland’s largest securities firm, became the largest single shareholder in the country’s stock exchange under a plan that will allow the market’s six members to share a 27.5 million-euro ($38.1 million) windfall.
Co-Operative Bank Plc, the British lender whose chairman resigned amid a drugs scandal, said it will withhold almost 5 million pounds ($8.4 million) of executive bonuses as its annual operating loss almost doubled.
Aon Plc, the broker that was criticized by Lloyd’s of London for a deal with Warren Buffett’s Berkshire Hathaway Inc., said the relationship actually helps make the U.K. insurance market more attractive.
Rothesay enters into second deal with Western United Group Pension Scheme, securing another tranche of pensioner liabilities for Vestey Group employees, according to statement. * Deal involved cash and U.K. gilts for the policy * Rothesay says it has written GBP1.7b of new business in last 12 months * CEO Addy Loudiadis says co. continues to see interest in companies reducing risk in pension liabilities, 2014 on track to be a record year