Major Financial Moves: BlackRock, Zurich, and Boeing Announce Big Deals

Financial Times reports major business moves: BlackRock buys UK data group Preqin for £2.55 billion, Zurich and Aon launch a hydrogen development insurance scheme, Boots CEO departs, and Boeing buys Spirit AeroSystems for $4.7 billion.


Reuters | Updated: 01-07-2024 05:42 IST | Created: 01-07-2024 05:42 IST
Major Financial Moves: BlackRock, Zurich, and Boeing Announce Big Deals
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The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines

- BlackRock agrees to buy UK data group Preqin for £2.55 bln - Zurich and Aon launch insurance scheme to boost hydrogen development

- Boots chief to depart after sale process stalls - Boeing agrees to buy Spirit AeroSystems in $4.7bn deal

Overview - BlackRock has agreed to buy UK data firm Preqin for 2.55 billion pounds($3.22 billion)in cash.

- Zurich Insurance and broker Aon have created a new insurance scheme for hydrogen production to boost the development of a sector viewed as vital for the transition to clean energy. - The chief executive of Boots Sebastian James is leaving his role after six years, as attempts by owner Walgreens Boots Alliance to list or sell the UK pharmacy chain have stalled.

- Boeing agreed to buy Spirit AeroSystems in a deal valuing the airline supplier at $4.7 bln, after months of negotiations, valuing the supplier at about $37.25 per share. ($1 = 0.7908 pounds) (Compiled by Bengaluru newsroom)

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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