BUSINESS LIVE: Balfour Beatty has fined £ 49 million for fraudulent claims in the United States. Flutter has acquired an Italian gambling company for £ 1.6 billion.London leads Europe’s IPO
The US subsidiary of British engineering giant Balfour Beatty has been fined £ 49 million as a result of a criminal and civil investigation by the Ministry of Justice investigating performance incentive fees related to the maintenance of military housing equipment.
Balfour Beatty Communitys has pleaded guilty to one fraudulent charge and has agreed to appoint an independent compliance monitor for three years.
Flutter Entertainment, owner of Betfair and PokerStars, will acquire Italian online gaming operator Sisal for £ 1.62 billion.
Flutter will expand its footsteps in Europe in the latest example of a merger-acquisition activity in the gambling market, where transactions have skyrocketed over the past year.
The City of London remains the hottest market in Europe for new companies to be listed on the stock market.
Last year, about £ 13.9bn was raised through the Square Mile float, raising £ 9.4bn and £ 7.2bn, respectively, to the nearest continental rivals Stockholm and Amsterdam.
Balfour Beatty previously said he hopes to benefit from US infrastructure investment and employment laws.
Business Live: Balfour Beatty has been fined £ 49 million. Flutter with £ 1.6 billion acquisition
https://www.dailymail.co.uk/money/markets/article-10339091/BUSINESS-LIVE-Balfour-Beatty-fined-49m-Flutter-1-6bn-takeover.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 Business Live: Balfour Beatty has been fined £ 49 million. Flutter with £ 1.6 billion acquisition