|
Aviva acquires HPI Group Holdings Ltd
|
| Aviva plc has announced that its Norwich Union Insurance subsidiary has acquired the entire share capital of HPI Group Holdings Ltd from Phoenix Equity Partners for £118.5 million in cash and £1.5 million in loan notes. |
|
| Updated |
Aug 17, 2004 20:07:07 |
| Rating |
 38 ( -6 -15.78% ) | | Author | Auto Industry |
|
|
| Other author's news: | - Jaguar discusses production cuts with unions - Jaguar confirmed yesterday that it is preparing to cut production at all three of its assembly plants in Coventry, Castle Bromwich and Halewood, in view of a slowdown in sales, especially in North America. Jaguar employs approximately 7,300 people at the
- DaimlerChrysler and Ford invest more in Ballard Power Systems, Inc. - DaimlerChrysler and Ford yesterday announced their joint provision of $58m in further funding of fuel cell development by their Canadian partner Ballard Power Systems, and their roles in the fuel cell alliance are to change.
- Federal-Mogul applies to wind up T&N pension scheme - The Independent reports today that 2,000-plus workers at Turner & Newell, the British firm acquired with heavy asbestos-related liabilities by Federal Mogul, are set to lose yet more of their pension savings, after Federal-Mogul moved to wind up the .
| | Show all author's news |
| Similar news: | - Phoenix exits HPI with '120m sale to Aviva - UK buy-out firm Phoenix Equity Partners has exited its investment in HPI, a car status information provider, to insurance group Aviva for £120m. The sale is understood to represent a doubling of the investment Phoenix made in 2003.
- Group to Acquire Toys R Us in $6.6B Deal - Toys R Us Inc., the nation's second-largest toy seller, agreed Thursday to be acquired by an investment group that includes two private equity firms and a real estate developer in a deal valued at $6.6 billion, ending a seven-month auction for the str
- Buy-out groups acquire Texas Genco - A consortium of four US buy-out groups on Wednesday agreed to buy Texas Genco, one of country's largest wholesale electricity generators, for $3.65bn.
| | Find all news similar on Aviva acquires HPI Group Holdings Ltd |
|
