Investment fund EQT aims to acquire Japan's Fujitec for $2.6 bln, Nikkei says
Fujitec has been the target of activist investors, notably Hong Kong-based Oasis Management, which is currently its top shareholder with a stake of about 30%.
EQT's tender offer price is likely to be in the upper 5,000 yen range, compared with the closing price of 6,205 yen on Tuesday, the Nikkei said.
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BBC News
4 minutes ago
- BBC News
Exeter Airport set to be sold to investment group ICG
Exeter Airport is set to be sold along with two other English regional airports in a multimillion-pound firm ICG has agreed a deal with Rigby Group to purchase the Devon airport, along with airports in Bournemouth and Norwich, the BBC deal is reported to be worth £200m, according to Sky News, and BBC sources said leading business officials in the South West had been briefed about the sale ahead of an announcement expected on and Rigby Group have declined to comment after being approached by the BBC. Exeter Airport, which is in the village of Clyst Honiton, opened in 1937 and today has commercial flights to a number of UK and international destinations, including Edinburgh, Amsterdam and site was used by fighter planes during World War Two, including the Polish Air Force's 307 Squadron, who "saved the city" in May 1942 by defending Exeter during a Nazi bombing airport has grown in size, with a new arrivals building being opened by the Princess Royal in June 1999 before a £950,000 departure lounge opened four years later. In January 2007, Devon County Council sold the airport to Regional and City Airports - a specialist airport investment and development group run by Balfour Beatty - in a deal worth £ June 2013, Balfour Beatty sold the airport to Rigby Group for an undisclosed which operate from Exeter Airport include Ryanair, KLM, Aer Lingus and airport also operated as a base for Flybe before the company went into administration and was liquidated in 2020. In August last year, airport bosses said the site had returned a profit for the first time since the Covid-19 owners said that, in the 12 months up to March 2024, the airport had a profit of just over £1m, which represented a £2m turnaround from the year numbers also rose, with 435,000 compared to 402,000 the previous year - an increase of 8%, an airport spokesperson November, the airport said passenger numbers reported 337,993 passengers had travelled through the hub from April to October 2024 - an increase of 15,740 compared the same period the previous year.
The Independent
4 hours ago
- The Independent
India signals it will keep buying Russian oil despite Trump tariff threat
India has suggested it will continue purchasing oil from Russia despite US president Donald Trump 's threats to hit Delhi with new tariffs over the imports. Foreign ministry spokesperson Randhir Jaiswal told reporters on Friday that India 's energy decisions were based on market availability and global conditions, adding that ties with Moscow were 'steady and time-tested' and should not be seen through the prism of a third country. Mr Trump said earlier this week that he plans to impose a 25 per cent tariff on Indian goods along with an additional import tax in response to Delhi 's continued buying of Russian crude. The US president has stepped up warnings against nations doing business with Moscow as Washington seeks leverage over Russia 's war in Ukraine. India bought about 68,000 barrels of crude oil a day from Russia in January 2022, but this rose to 1.12 million barrels per day by June that year, peaking at 2.15 million barrels a day in May 2023, according to data from analytics firm Kpler cited by Press Trust of India. Russian supplies at one point made up nearly 40 per cent of India's total oil imports, making Moscow its biggest crude supplier. While the Indian government may not be deterred by Mr Trump's threats, Reuters news agency earlier reported that Indian state refiners stopped buying Russian oil after July discounts narrowed to their lowest since 2022 - when sanctions were first imposed on Moscow - due to lower Russian exports and steady demand. Indian Oil Corp, Hindustan Petroleum Corp, Bharat Petroleum Corp and Mangalore Refinery Petrochemical Ltd have not sought Russian crude in the past week or so, four sources told Reuters. Reacting to the reports, Mr Trump told reporters: 'I understand that India is no longer going to be buying oil from Russia. That's what I have heard. I don't know if that's right or not. That is a good step. We will see what happens.' He added that despite his tariff announcement, trade deal talks with India were progressing. India consumes around 5.5 million barrels of oil a day, importing roughly 88 per cent of its needs. The world's third-largest crude buyer after China and the US shifted sharply towards Russian supplies after the invasion of Ukraine in February 2022, taking advantage of steep discounts as Western nations turned away from Moscow's energy exports.
Times
5 hours ago
- Times
Lions chief says tours will always be pinnacle despite rebel league threat
British & Irish Lions executives believe their tours will always remain rugby's pinnacle, despite the looming threat of rebel league R360. Those attempting to start a new franchise competition, including England 2003 World Cup winner Mike Tindall, want to establish eight men's and four women's teams. They claim to have signed up swathes of the world's best players, and have funding from billionaire backers. Their intention is to start a Formula 1-style circuit of matches across the world in cities such as London, Tokyo, Miami, Boston and Dubai. The new league intends to pay the world's top 40 rugby union players more than £1million a season, which will last just 14 weeks. They plan to avoid international rugby, so that their stars can play in Tests, although it remains to be seen whether national unions would sanction their players playing R360 matches. At present, England, Ireland and New Zealand have strict rules which dictate that players must play domestic rugby at home in order to be eligible for Test selection. However, while the provisional R360 calendar has left gaps for Test matches and World Cups, there seem to be no provisions for a men's Lions tour every four years. Ben Calveley, the Lions chief executive, has insisted that no one from R360 has contacted him or his organisation about their project. It is understood that several 2025 squad members have signed provisional deals to join the rebel circus if it starts with a soft launch this year, and a full tournament in 2026. Calvely insisted that British and Irish players will always want to play for the Lions, and would turn down R360 contracts to do so. 'No, we haven't had any formal discussions at all with R360 so I can't comment in any detail on their proposition and their proposal,' Calvely said. 'It's up to them who they want to make contact with. I don't really want to comment on how they manage their own business. 'What I can say, and you have seen these quotes come from players at every stage throughout the tour, is that they remain absolutely committed to the Lions. We talk about the Lions being the absolute pinnacle and I think it is for the players. Their reaction when they were selected, you could just see the emotion on their face, you could see what it meant to them.' Earlier on the tour, Lions captain Maro Itoje was asked about R360 and said: 'I don't know too much about that league but obviously players want to play for the Lions and that's not going to change for generations to come. 'It was the same in the 1950s and it will be the same in 2050. People want to play for their country. People want to play for the Lions. I am sure that will remain.' Calveley responded to that by adding: 'Hearing comments from the likes of Maro I think just firmed that up in people's minds that for these players to get on a Lions tour is the ultimate for them. This is very encouraging. 'We all know that we have our place in the calendar baked into regulation 9 and I wouldn't see that changing in the future. We have the support of our four shareholder unions. We have a partnership now with PRL and URC and with the clubs from those leagues. The same is true with the player associations and the players themselves. Our relationship with the professional game is better than it has ever been and I would see that continuing in the future. 'For me, what is encouraging is that our players remain committed to the Lions. I think we have seen on this tour just what it means, not just to them but to the fans and the whole of the game. We are very confident that our position in the future is secure.' Calveley is supportive of Andy Farrell returning as Lions coach in 2029, on the tour to New Zealand. Farrell himself said he loves the Lions concept, and is keen on a return to the job. The Lions bosses endorsed him for another trip in four years' time. 'Andy's done an incredible job and I have really enjoyed working with him,' Calveley added. 'Since he started full time back in December, he has brought a real focus to the operation which has ultimately resulted in success on the field of play. We will now give him a bit of time off. He can go back to Dublin and decompress a little bit and then he can start building for the autumn internationals in Ireland and building towards the World Cup in 2027. 'When it comes to our appointments for future tours, we will start the process in about two years and I don't think it would be right to comment on where it ends up, let's see. But certainly he has put himself in a very strong position hasn't he, let's put it that way.'
