Takeover frenzy
FOREIGN companies spent '15.2bn on British companies in the final quarter of last year, according to the Office for National Statistics. This was up from '13.8bn in the previous three months. Among the takeovers between October and the end of December were Japanese giant Fuji Photo Film's '150m swoop for the inkjet and toners operations of Manchester chemicals maker Avecia and the acquisition by Indian chemicals business Tata of a majority stake in Cheshire-based Brunner Mond for '65m.

Capital gain
BRAEMAR Group, a Hale-based property investment firm which was listed on AIM following a reverse takeover by Metrocapital in November, has raised '450,000 via a shares placing for additional working capital and to establish a Real Estate Investment Trust. Braemar is headed by Marc and Jennie Duschenes.

Partnership
THE Northwest Development Agency plans to sell a 50 per cent stake in its '100m property portfolio which includes the Salford University Business Park. The agency is seeking a 50/50 partnership with the private sector to manage the assets and develop them.

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