Abbot Group to gain US owner

US energy sector specialist private equity group First Reserve has trumped rivals after agreeing to buy Abbot Group in the largest public to private transaction in the UK since the summer credit crunch.

First Reserve has agreed to pay £3.90 per share for UK oil services business Abbot Group which valued the company's equity at about £906m (€1.2bn).

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JPMorgan to Pay $330 Million Over 1MDB TransactionsExternal link

JPMorgan to Pay $330 Million Over 1MDB Transactions