The CVC consortium has agreed to purchase UK investment firm Hargreaves Lansdown for $6.9 billion. This acquisition marks a significant move in the financial industry, with CVC aiming to expand its presence and influence in the market. The deal is expected to bring about strategic synergies and growth opportunities for both parties involved.
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Daniel KÅ™etÃnský £5.3bn bid for Royal Mail owner to get greenlight from UK government
The UK government has approved Czech billionaire Daniel KÅ™etÃnský's £5.3bn takeover of Royal Mail, with a "golden share" retained by the government for governance. KÅ™etÃnský's EP Group will uphold commitments including maintaining UK operations and meeting delivery obligations. This decision comes after Royal Mail was fined £10.5mn for failing to meet performance targets, highlighting the challenges faced by KÅ™etÃnský in modernizing the postal service. Full Article
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