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Thames Water forms new infrastructure alliance

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The new coalition has further potential to deliver water networks and developer services for Thames Water for up to the next 15 years. Agility, comprising J. Murphy & Sons and Morrison Utility Services, and KCD, Kier Services Ltd and Clancy Docwra, were selected following a rigorous procurement process. A total of 130 assessors from 17 Thames Water departments evaluated submissions from potential delivery partners over the past three months. Both Agility and KCD were selected for having the appropriate capacity and capability to de... Read More »

Aviva simplifies its Italian joint ventures with UBI Banca and UniCredit

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Significant simplification of Aviva’s life joint ventures in Italy to facilitate cash remittances Divestment of equity investments in UBI Banca subsidiary banks, increased ownership of joint ventures with UBI Banca and an extended distribution agreement with UBI Banca, delivering improved value of new business Restructuring of UniCredit joint venture, decoupling from UBI Banca, and a new distribution agreement with UniCredit focused on a selected product range Aviva’s current structure in Italy is complex. Aviva has two joint ventures wi... Read More »

Aegon and Banco Santander complete exclusive 25-year partnership in Spain

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Consolidates Aegon's strong position in Spain Supports Aegon's broader strategy to become a leader in its chosen markets Aegon has completed an exclusive 25-year strategic partnership with Banco Santander, Spain's largest financial group, first announced last December. Under the terms of the agreement, Aegon has acquired a 51% stake in both a life insurance company as well as in a non-life insurance company for a consideration of EUR 220 million. The joint ventures will distribute life and general insurance products through Banco Santan... Read More »

Rosneft and PDVSA signed cooperation agreement to implement projects on Venezuelan shelf

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The Agreement provides for among other things joint studies for evaluation of technical and economic viability of offshore gas and condensate production in Venezuela, gas liquefaction for export and domestic sales and evaluation of the prospects of joint ventures for development of gas and gas condensate fields. To carry out joint studies the parties will set up a managing committee and working teams and PDVSA will provide information required for studies to Rosneft. ... Read More »

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