British Land Company Plc has agreed the sale of Clarges, Mayfair to Deka for £177 million. The present valuation is 7.6 per cent higher than the September valuation. Incoming CEO Simon Carter has termed Clarges a terrific example of the company’s potential to create exceptional mixed-use places and create value through development.
RSA Insurance to be acquired by Intact and Tryg In one of the biggest financial takeover bids of Europe this year, RSA Insurance Group Plc of Britain will be acquired by Canada's Intact Financial and Denmark's Tryg. RSA has reached an agreement for £7.2 billion cash offer, excluding the interim dividend, on a fully diluted basis. Of the £7.2 billion cash consideration, around £4.2 billion will be contributed by Tryg, while Intact will be contributing the rest of about £3.0 billion.
* SSE Plc to triple its renewable energy generation by 2030 SSE Plc, one of the largest energy firms of the UK, is planning to triple its renewable energy generation by 2030. The company is making considerable progress on its £7.5 billion investment plan and has already awarded major contracts at Seagreen and Viking. SSE has also informed that it is on the verge of a final investment decision on the 3.2GW Dogger Bank offshore wind farm.