Acquisition Resources

Prudential has sold its struggling Egg internet banking operation to Citigroup for £575m, just a year after buying out minority shareholders in a deal that valued the business at £973m.... [more]

Aon Corporation has acquired Footman James, the insurer of classic cars, motorbikes, kit cars and modern vehicles, for an estimated $118m (£60m) from Alchemy Partners. ... [more]

Marston's is to acquire Sovereign Inns, the Leicester-based chain of 33 tenanted pubs, for £19m.... [more]

Bibby Line has acquired MHL Support, the Staffordshire-based employment law and health and safety consultancy with 140 staff, for undisclosed terms.... [more]

Provident Financial, the UK home lending company, has announced it is to commence discussions over the sale of its insurance division after receiving a number of third party approaches. ... [more]

Syndicate Asset Management has acquired EPIC Investment Partners of London for £17m.... [more]

Julius Baer of Switzerland is to sell its Julius Baer Investments subsidiary in the UK to management.... [more]

Pilley & Florsham of Coventry has merged with Raftery & Co of Solihull to create the Prime Chartered Accountants Group with 50 staff.... [more]

European Credit Management, the London-based asset management company with 105 staff, is to be acquired by Wachovia of the US for an estimated £500m.... [more]

Aon Corporation, the US-listed insurance and risk management company, is to put its UK-based multi-manager operation up for sale.... [more]

St Ives is to sell the corporate finance printing activities of St Ives Financial to Bowne & Co of the US for about £4m.... [more]

Barclays is to acquire Nile Bank, the Ugandan commercial bank with 18 branches and 228 staff, for undisclosed terms.... [more]

Misys, the UK-listed software group, is considering the sale of its Sesame financial support services business again, according to new CEO Mike Lawrie, as part of a five-year restructuring plan.... [more]

Aquilo is to sell Aquilo Motor Services, the Northwich-based provider of motor claims management services, to Nationwide Accident Repair Services for £1.3m.... [more]

Swiss financial services company Zurich is to sell its UK annuities division according to reports, and is proving popular with potential buyers. First round offers are thought to have already been sub... [more]

The Prudential, the UK's second-largest insurance company may soon put a number of its UK businesses up for sale according to an investment analyst. ... [more]

Bank of New York is to acquire Mellon Financial of the US for £8.4bn, which could lead to the loss of more than 500 jobs at UK sites including London, Leeds, Edinburgh and Essex.... [more]

Commoditrade, the AIM-listed commodity broking group, has been tipped by traders to be up for sale. The management would reportedly consider offers of over 60 pence per share. Commoditrade has a marke... [more]

JP Morgan Cazenove is rumoured to be considering a sale of its Cazenove Capital Management arm. The group would apparently sell the division if it could increase its profitability, however the specula... [more]

Portman Building Society is mulling the sale of its offshore Guernsey-based business Portman Channel Islands Limited, and has appointed Gleacher Shacklock LLP to explore strategic options. ... [more]