Archive for January, 2013

UniCredit

Italy’s UniCredit cuts stake in Polish lender Bank Pekao

Italian financial group UniCredit SpA (BIT:UCG) said it would cut its stake in Polish unit Bank Pekao SA (PINK:BKPKF) to around 50.1% through the sale of 23.9m ordinary shares, or some 9.1%, to institutional investors. UniCredit’s board cleared the disposal, […]

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pay day loans

UK internet lender Wonga ends talks on deal to acquire On Deck Capital

UK online lender Wonga.com Ltd has terminated negotiations over the acquisition of US-based On Deck Capital Inc after the parties proved unable to settle pricing disagreements, Bloomberg reported

Shopping in Bath

Demand for shop space on Britain’s high streets still falling

Demand for retail space in the UK is continuing to drop, leading to an increase in empty premises across the country, a new report claimed today. The Royal Institution

ICBC

Goldman Sachs bags $1bn from sale of stake in China’s ICBC

Goldman Sachs Group Inc (NYSE:GS) has received USD1bn (EUR744.6m) in proceeds from the sale of some 1.35bn shares in Industrial and Commercial Bank of China Ltd (HKG:1398), or

Deutsche Bank

Deutsche Bank forms equity research and advisory JV with Thailand’s TISCO

Deutsche Bank AG (ETR:DBK) and Thai TISCO Financial Group's unit TISCO Securities Co Ltd unveiled today a 49/51 joint venture for equity research and advisory services in Thailand. The

NYSE

Buffet’s Berkshire Hathaway to bid for bourse operator NYSE Euronext

Warren Buffett's firm Berkshire Hathaway Inc (NYSE:BRK.A) submitted a bid for stock exchange operator NYSE Euronext (NYSE:NYX) in November 2012 after being approached by the target's bankers, Reuters

high speed rail

UK business groups welcome proposals for northern route of high-speed rail network

Business groups today welcomed the UK government's announcement of its proposed route for the second phase of the HS2 high-speed rail network. CBI director general John Cridland said that

Siemens

Germany’s Siemens hires Rothschild to divest security products unit

German engineering group Siemens AG (ETR:SIE) intends to divest its Sweden-based security products business and has appointed investment bank Rothschild to advise it on the process, Bloomberg reported

Ryanair

Ryanair proposes remedies to Air Lingus deal to win EU support

Irish airline Ryanair Holdings Plc (LON:RYA) has proposed a radical and unprecedented remedies package to win EU support for its planned buy of rival Aer Lingus Group Plc

Volvo truck

Volvo to invest $900m in joint venture with Chinese truck maker Dongfeng

Swedish truck maker AB Volvo (STO:VOLV-B) said it would pay CNY5.6bn (USD900m/EUR669m) for 45% in a new venture with Chinese peer Dongfeng Motor Group Company Ltd (HKG:0489), or

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