Canal sales to unlock a waterside boom
Article Abstract:
In a move to regenerate large parts of the UK's 2,000 mile canal network which has fallen into disuse, as well as generating millions of pounds for the Exchequer, the state-owned British Waterways, is to sell parts of the network to property developers in return for being responsible for the running and upkeep of particular stretches of canals. However, the Inland Waterways Association, the
Comment:
To sell parts of canal network to property developers in return for being liable for running & upkeep of particular stretches
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1998
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PDFM set to be sold for 1.8bn
Article Abstract:
The Swiss bank, UBS, is looking to sell its UK fund manager subsidiary, PDFM, for up to GB 1.8bn. The sale appears to have been prompted by the merger between UBS and fellow Swiss bank SBC. There have been reports of clashes between PDFM and Brinson, SBC's US based asset management business. As a result it is believed that PDFM management told UBS that it would prefer to be sold than merged with Brinson. There is various speculation about potential bidders for the business. Large US banks have been suggested, including Goldman Sachs, but large European banks could also be in the picture. ABN Amro have been seeking a money management business and the UK Halifax bank has the resources and an interest in the sector.
Comment:
Seeks to sell its UK fund manager subsidiary, PDFM, for up to GBP1.8 bil
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
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