Quentin Webb is a Reuters Breakingviews columnist, covering mergers and acquisitions, corporate finance and private equity. He is based in London. Before becoming a columnist, he was a news reporter for Reuters, where he was most recently European M&A correspondent. He has also worked as a correspondent in Brussels and as a credit-markets reporter. He joined Reuters in 2003 from Legalease, a legal publisher. He has a first-class degree in psychology from University College London. Follow Quentin on Twitter @qtwebb
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The dual-listed media giant is fixing a baroque corporate setup. That should lure new investors and cut the discount on its Dutch shares. A simultaneous rebrand as “RELX” is ungainly – but at least this helps distance the largely digital group from the printed past.
The shipping giant has already streamlined and grown more open. Now it is shedding 20 pct of Danske Bank, the clearest break yet with history. Shares rose 6 pct. Transforming conglomerates can be like reorienting a super-tanker. But with focus in fashion, it’s worth the slog.
The Japanese firm is buying Finmeccanica’s rail units. In Italy and across Europe, sales of high-end industrial assets to the Far East can be unpopular. But Hitachi is a credible buyer paying a full price. It helps too that the seller is eager to slim down and cut debt.
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- Italy could host Europe’s next bout of mobile M&A
- European telecoms euphoria is about to be tested
- Michele Ferrero leaves $25 bln-plus Nutella empire
- A $5.5 bln merger is one way to fill the CEO gap
- Sky’s insecurity helps Premier League net $8 bln
- Britain’s $35 bln mobile shake-up risks blowback