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…
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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…
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…
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…
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…
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…
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)…
Slovenia to privatise 15 companies to avoid EU bailout
Slovenia's government plans to dispose of 15 state-owned companies, including its second largest bank Nova KBM, largest telecommunications group Telekom Slovenia, flag carrier Adria Airways and Ljubljana Airport, as part…
French luxury group PPR has no plans to sell Puma stake
French luxury goods group PPR SA (EPA:PP), which owns a 83% stake in of Puma SE (ETR:PUM), is not looking to increase its interest in the German sporting equipment company…
GSK seeks buyers for Lucozade and Ribena brands — report
UK drugmaker GlaxoSmithKline Plc (LON:GSK) has hired JPMorgan Chase & Co (NYSE:JPM) and Greenhill & Co Inc (NYSE:GHL) to help it offload nutritional drink brands Lucozade and Ribena, a spokesperson…
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