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Tag: strategic

France vows Eurostar support to ‘maintain this strategic link’ with UK

France vows Eurostar support to ‘maintain this strategic link’ with UK

Business
French authorities have said they are ready to give financial support to the struggling Eurostar.The country's junior transport minister, Jean-Baptiste Djebbari, told a parliamentary hearing in Paris he was talking with the UK government about ensuring the cross-Channel train operator survives the coronavirus pandemic. He said the French state would be "at Eurostar's side in order to maintain this strategic link between our two countries". Image: Passenger numbers have plummeted since the pandemic began Support will be given "based on our involvement in Eurostar, so that we can financially sustain its business model", he added.Eurostar is 55% owned by French state rail company SNCF and the UK government sold its 40% stake to private c...
JV partners of Indiafirst Life Insurance exploring strategic options

JV partners of Indiafirst Life Insurance exploring strategic options

Finance
The domestic insurance sector is witnessing a flurry of M&A activity and ET NOW learns that a mega deal is brewing in one of India's youngest life insurance companies, IndiaFirst Life Insurance which is a three-way joint venture between Bank of Baroda, Andhra Bank and UK's leading risk,wealth and investment brand Legal & General group. According to two sources familiar with the proposed transaction who spoke on the condition of anonymity, the JV partners are currently exploring multiple strategic options which could include either a potential partial stake sale or even a potential exit based on the progress of the discussions. " They ( JV partners) are considering various strategic options, but no plans have been finalised as yet by them. As part of preliminary negotiations , ta...