The ‘Big Six’ soon to be to the ‘Big Five’
The merger between SSE and npower has been given the green light by the UK's competition watchdog. When it goes ahead, the new company will be the biggest electricity provider in the country, with 24% of all UK customers. The merger is expected to be finalised in either the last quarter of 2018 or the first of 2019.
ThyssenKrupp and Tata Steel want to weld together in Europe
At the time of writing ThyssenKrupp Steel Europe and Tata Steel in Europe are waiting for Brussels to give the go ahead for their new joint venture. If it happens they will become one company in Europe.
For Coca-Cola the Costa Coffee is £4bn
Whitbread shareholders have voted in favour of selling their multinational coffeehouse chain Costa Coffee to Coca-Cola for £4bn. Pending regulatory approval the sale should close during the first half of next year.
DS Smith is repackaging itself
Packaging group DS Smith has bought one Spanish company, Papeles y Cartones de Europa, and is about to close on its purchase of another, corrugated packing provider Europac. Meanwhile there are rumours that it is about to sell its own plastics packaging division.
Rumours are circulating that Debenhams is about to be the subject of a takeover. Speculation has been building that Sports Direct owner Mike Ashley is set to buy it and merge it into his newly-acquired House of Fraser.