Stay updated with breaking news from கேட் படகு. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Share this article British automotive producer McLaren has raised £550 million GBP, approximately $757 million USD, in a deal that now sees Saudi Arabia’s Public Investment Fund as a minority shareholder in the supercar company. Saudi Arabia’s involvement in the U.K. auto company is a part of the brand’s recent shakeup of the group. £400 million GBP of the investement comes from Saudi Public Investment Fund (PIF) and Ares Management as a form of preference shares. Both organizations are set to be minority shareholders following the deal. The remaining £150 million GBP of the investment comes from Bahrain’s Mumtalakat, which is already an existing investor. ....
Private equity group TPG in exclusive talks to buy McLaren s iconic Woking HQ McLaren put its Norman Foster-designed HQ up for sale in September. (Getty Images) Private equity group TPG is in exclusive talks with supercar maker McLaren over the purchase of the firm’s iconic Woking headquarters. Sky News reported that the sale-and-leaseback deal for the property, which would allow the carmaker to continue using it, could be worth around £180m. The spectacular facility, which houses the firm’s collection of classic vehicles and features a number of artificial lakes, as well as a wind tunnel for testing McLaren’s cars, was designed by renowned architect Norman Foster. ....
easyJet PLC, Wizz Air Holdings PLC, Diageo PLC feature in Thursday's busy diary proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.
European Market Open: Brexit, vaccine hopes to push indices higher Joshua Warner December 17, 2020 8:48 AM Progress with Brexit talks and expectations that the EU will begin to vaccinate its population before the end of the year is to push European indices higher this morning. Share: European indices are set to open higher this morning, as hopes for a Brexit deal improve and markets prepare for the EU to begin rolling-out its first coronavirus vaccine before the end of the year. The Bank of England takes centre stage today, with the central bank expected to hold rates and its monetary policy steady. ....
Telecoms firm TalkTalk has said it has agreed a £1.1 billion takeover by investment company Toscafund and private equity firm Penta. It comes more than two months after the broadband provider first said it was in talks over the sale. TalkTalk said the offer, of 97p per share, represents a 16.4% premium on its closing price on October 7, shortly before the parties started talks over the deal. Toscafund, which was already TalkTalk’s second largest investor, and Penta hailed the company’s “resilient” trading performance in 2020 despite disruption from the pandemic. Sir Charles Dunstone, TalkTalk’s chairman, said: “Being a private company would allow us to accelerate adoption and focus on our role as the affordable provider of fibre for businesses and consumers nationwide. ....