City & Corporate: The Week in the City

Citigate Dewe Rogerson is advising Rubicon Diversified Investments, which has announced the US$85.7m proposed acquisition of Lonrho Aviation, the holding company of Fly540, Africa's only pan-continental independent airline, from Lonrho. This will be used as a platform to launch a low-cost carrier, Fastjet, across Africa with Sir Stelios Haji-Ioannou, founder of the leading low-cost airline, easyJet.

Virgin Active, the health club chain owned by Virgin Group and private equity investor CVC, has brought in Pendomer Communications to handle its financial and corporate comms. Agency co-founder Ben Foster will lead the account, reporting to Virgin Active chief executive Matthew Bucknall.

Spada has recruited Isabel Podda and Peter Mawson to the agency's board. Podda joins as the firm's first full-time COO after 16 years at Buchanan. Mawson, who has had a number of roles in the property industry, joins as a non-executive director.

Duncan Lawrie Private Bank has retained Templars to handle the firm's corporate comms. The Belgravia-based private bank offers a range of investment, financial planning, tax and fiduciary services to clients. The Templars team is led by founding MD Kitty Parry.

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