QIA and Brookfield still not singing Songbird’s tune

Qatar Investment Authority; AUM: $256bn Brookfield Asset Management; AUM: ca. $200bn Introduction After rejecting a preliminary takeover approach of £2.2bn, Songbird Estates, the majority owner of east London business district Canary Wharf, has just received a higher offer from the two bidders Qatar Investment Authority and Brookfield Property Partners. The Read more…

M&A activity back in the Insurance sector: Aviva to acquire Friends Life

Aviva plc; market cap (as of 27/11/2014 ): £14.96bn Friends Life Group; market cap (as of 27/11/2014): £5.21bn Introduction On November 24, Aviva plc, a multinational insurance company headquartered in London, reached a preliminary agreement to acquire its British rival Friends Life Group, the 5th largest life and pensions company Read more…