Vattenfall Europe AG will be selling back to Hamburg the 74.9% stake it holds in the city's power grid operator after the citizens agreed on a repurchase, a Bloomberg report said.
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Australia's Aveo eyes $500M asset divestments in 2014 -sources
Australia-based property and aged-care developer Aveo Group is planning to sell about $500 million worth of residential and office assets this year in a bid to become
Scotland's Aberdeen Asset Management reports fourth quarter of outflows of £4.4B
As its clients took out money from emerging markets, Aberdeen Asset Management Plc reported net outflows of £4.4 billion in the fourth quarter, Bloomberg reported.
Czech booking agency Skypicker receives $500K investment, adds WhichAirline
Brno, Czech Republic-based low-cost flights booking engine Skypicker.com secured a $500,000 investment from Touzimsky Airlines and also acquired metasearch engine WhichAirline.com for an undisclosed sum.
Alibaba-backed UCWeb Inc plans on acquisitions to challenge competition
UCWeb Inc, a company backed by Alibaba Group Holdings, is looking at acquisitions to add more programmers and platforms so it can better compete with its rivals, Bloomberg reported.
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The French state divested a 1% stake in Netherlands-based aircraft and defense firm Airbus Group for €451 million ($614 million), according to the French economy minister.
Advertising spending in the UK for the third quarter of 2013 has hit the fastest pace recorded according to a survey from IPA Bellwether, the Financial Times reported.
The data theft at American retailer Target that happened between November to December last year prompted a bank to replace all customer debit cards involved in the breach, with the new cards to be sent out soon.
To help it restructure its debt, retailer Brookstone Co has hired a financial adviser Jefferies Group and law firm K&L Gates, according to sources interviewed by Bloomberg.
Blume Ventures, an early stage investor, is set to launch its second venture capital in May or June this year. It will invest a significant portion of its capital to the existing companies in Blume's portfolio, The Economic Times reported.
As far as investment banking fees go, Bank of America outperformed JPMorgan Chase & Co since it acquired Merrill Lynch & Co in 2008, Bloomberg reported.
San Francisco, California-based customer-tracking software maker Zendesk has sought the services of Goldman Sachs to lead a potential initial public offering (IPO) set later this year.
Tech giant Google acquired Redwood City, California-based anti-spam company Impermium for an undisclosed amount, according to an announcement made by Impermium's chief executive on the company website.
Marvell Technology Group Ltd on Wednesday said it is not in talks with KKR & Co on a major transaction such as a buyout, a little over two weeks after the private equity firm reported a 6.8 percent stake.
