News

Wyeth Pharmaceuticals, a division of Wyeth, has acquired private equity-backed Thiakis, a privately held biotechnology company based in the UK, for an initial payment of $30 million (£20 million).

News

DHL has acquired Romanian rival Cargus in a deal that is understood to be the largest transaction in the domestic courier market.

News

TUI Travel, the group behind First Choice and Thompson, has acquired specialist sports travel company Teamlink Travel from founders George and Daniel Cooper and Mark Gardener for an undisclosed sum. Gardner will remain with the company as managing director.

News

SABMiller Plc has announced that subsidiaries of its Colombian concern Bavaria SA have completed the sale of Bebidas y Aguas Gaseosa Occidente SRL, its Pepsi bottling operations in Bolivia, for up to US$27 million.

News

Nationwide Building Society has snapped up the head office, branches, savings accounts and the majority of the residential mortgage book of collapsed Dunfermline, Scotland’s largest building society. 

News

Food giant Kerry Group is free to press on with the acquisition of Breeo Foods, a subsidiary of Ireland-based Reox Holdings Plc, almost a year after an appeal against a decision by the Competition Authority of Ireland to block the proposed deal.