Archive for August 30th, 2012

European Commission, Brussels

French media group Vivendi expects EC clearance on EMI deal

French media group Vivendi SA’s (EPA:VIV) is confident it would secure clearance from the European Commission (EC) for its planned USD1.9bn (EUR1.5bn) purchase of British EMI’s recorded-music unit, Vivendi’s CFO Philippe Capron was cited on Thursday by Reuters as saying. […]

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performance coating

Carlyle closes $4.9bn deal to acquire Du Pont’s performance coatings unit

US private equity firm Carlyle Group LP (NASDAQ:CG) has sealed a definitive deal to acquire the performance coatings unit of US chemicals giant


Pension Wind-Ups: Preparing for the future

It is an unfortunate fact that many pension schemes are forced to wind up as a result of underfunding, company mergers, or other factors.  Understandably, a failed or


Google mandates Barclays to find buyers for Motorola Mobility

US technology giant Google (NASDAQ:GOOG) is set on offloading Motorola Mobility's Home Business and has mandated UK investment bank Barclays (LON:BARC) to help it with the sale, Bloomberg


JJB Sports shares tumble after company offers itself for sale

UK sports clothing and equipment company JJB Sports plc (LSE:JJB) has seen the value of


Citigroup pays $590m to settle claims of misleading investors

US-based banking major Citigroup has agreed to settle a lawsuit, filed by investors who claim the bank misled them and failed to reveal the true exposure of its


France’s SG confirms plans to sell Greek unit to Piraeus Bank

French banking major Societe Generale SA (EPA:GLE) has confirmed that it is holding talks that may lead to the sale of its Greek subsidiary Geniki Bank to another

ING Bank

Scotiabank acquires ING’s Canadian operation for $3.2bn

Canadian lender Scotiabank (TSE:BNS) has unveiled a CAD3.13bn (USD3.2bn/EUR2.5bn) agreement to buy ING Bank of Canada (ING Direct), the local online unit of Dutch banking group ING Groep

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