Archive for January, 2013
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, …
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
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
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 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
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
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
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 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 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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