Constellation Hotels has purchased IHG's London Park Lane Hotel for over GBP401.5 million. Constellation Hotels has recently acquired the InterContinental London Park Lane hotel for the amount of GBP 400 million.

Hoau, TNT Express' road business in China is now the property of CITIC Private Equity. TNT Express, the Dutch express delivery service provider has announced the sale of Hoau, its domestic road business in China.

Mikhail Fridman goes head to head for VTB for Tele2. Russian billionaire tycoon Mikhail Fridman is ready to outbid VTB banks offer to purchase Tele2's Russian subsidiary.

American Realty increases offer to US$6.7 billion for Cole Credit. A week after its inital offer was rejected, real estate investment trust American Realty Capital Properties Inc had increased its bid for Cole Credit Property Trust III.

VTB Group Bank recently purchased the Russian subsidiary of Tele2. Tele2, the Nordic telecommunications company recently announced that it would be selling its Russian subsidiary to VTB Group bank.

Allianz SE has acquired the largest insurer in Turkey for US$879 million. Europe's largest insurer Allianz SE has acquired Yapi Kredi Sigorta AS for the amount of Eur684 million or US$879 million.

H.J. Heinz says that it is planning to host a shareholder meeting to allow investors the time to think about your house and expenses.

American Realty said it has decided to increase its bid offer for Cole Credit Property Trust III after the latter's rejection of the first offer.

Credit Suisse will be acquiring the wealth management of Morgan Stanley in Africa, Europe and the Middle East

The planned merger of UK's Pearson's Penguin and Germany's Bertelsmann's Random House unit is expected to receive approval from the European Union