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IMF predicts slower economic growth for China

The International Monetary Fund (IMF) has lowered its forecast for China’s economy growth to 7.75% for this year,lower than the 8% forecast for 2013 that the IMF published in its World Economic Outlook … Continue reading “IMF predicts slower economic growth for China”


AXA PE joins forces with China’s Fosun to sponsor MBO for Club Mediterranee

French private equity firm AXA Private Equity and Chinese conglomerate Fosun International Limited (HKG:0656), holding 9.4% and 9.96% in Club Mediterranee SA (EPA:CU) respectively, said they were in talks with the management to … Continue reading “AXA PE joins forces with China’s Fosun to sponsor MBO for Club Mediterranee”


UK private equity firm 3i tables bid for Barclays Infrastructure Funds Management

UK private equity firm 3i Group plc (LON:III) on Friday said it had put in an irrevocable bid to buy Barclays Infrastructure Funds Management Ltd (BIFM), the European infrastructure fund management business of … Continue reading “UK private equity firm 3i tables bid for Barclays Infrastructure Funds Management”


Tobacco group Philip Morris to take full control of Mexican arm in $700m deal

US tobacco group Philip Morris International Inc (NYSE:PM), or PMI, said it will take full control of its Mexican unit through the purchase of the remaining 20% in Philip Morris Mexico SA de … Continue reading “Tobacco group Philip Morris to take full control of Mexican arm in $700m deal”


Greece aims to sell stakes in Postbank and Proton Bank in July

Greece’s rescue fund Hellenic Financial Stability Fund (HFSF) intends to divest Hellenic Postbank SA (ATH:TT) and Proton Bank SA by the middle of July, Reuters said, citing an inspection review by the European … Continue reading “Greece aims to sell stakes in Postbank and Proton Bank in July”


Pharmaceuticals firm Novartis denies talk on bid for generic drug maker Actavis

Swiss pharma major Novartis AG (VTX:NOVN) does not intend to pursue a takeover of US drugmaker Actavis Inc (NYSE:ACT), a company spokesperson told Reuters, refuting a previous report by the Wall Street Journal. … Continue reading “Pharmaceuticals firm Novartis denies talk on bid for generic drug maker Actavis”


Facebook considers placing video advertising in news feed

Facebook is considering introducing auto-play video ads in users´ news feed this summer, as it looks for new ways to boost its revenue, the Financial Times reported. As the online video advertising market … Continue reading “Facebook considers placing video advertising in news feed”


German retailer group REWE to put electronics stores on the block

German retailing major REWE Group announced plans to offload its consumer electronics stores, which operate as part of the ProMarkt chain. REWE chairman Frank Wiemer said that the move was prompted by constantly … Continue reading “German retailer group REWE to put electronics stores on the block”


Severn Trent unveils takeover approach from Borealis-led group

UK water and waste water treatment firm Severn Trent Plc (LON:SVT) today announced it had been approached with a takeover proposal by a group that includes Canada’s Borealis Infrastructure Management Inc, thus confirming … Continue reading “Severn Trent unveils takeover approach from Borealis-led group”


Lloyds to bank £325m from sale of commercial property loans

UK Lloyds Banking Group plc (LON:LLOY) said Friday it had inked an accord to divest a portfolio of UK commercial real estate loans to Promontoria Thames Ltd for GBP325m (USD501.2m/EUR384.6m) in cash. The … Continue reading “Lloyds to bank £325m from sale of commercial property loans”


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