Finland-based IT service firm Tieto inked a deal to buy part of Siemens Convergence Creators' telecom research and development (R&D) for an undisclosed sum to strengthen its products portfolio.
Czech Republic
Five banks interested in Citi's Czech retail operations: report
Five Czech banks have expressed interest in bidding for Citigroup's retail operations in the Czech Republic, newspaper E15 reported on Monday, without citing its sources.
Prague-based social analytics firm Socialbakers scores $26M in Series C funding
Prague, Czech Republic-based social media analytics firm Socialbakers scored $26 million in a Series C funding round led by Index Ventures to grow its workforce from 300 to 400 members.
Slovak startup Datamolino gets €500K in seed funding from Slovak Innovations and Technologies Fund
Datamolino, a Slovak startup processes invoices and receipts without the need for manual data entry, has received €500,000 for its seed financing round from Slovak Innovations and Technologies Fund, TechCrunch reported.
Belgium's Materialise acquires Polish 3D prototyping firm e-Prototypy
Leuven, Belgium-based 3D printing firm Materialise acquired Poland-based prototyping company e-Prototypy for an undisclosed amount to further consolidate the 3D printing industry in Central Europe.
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Geo Renewables SA, backed by private equity fund EnerCap Power Fund I LP, said it was granted $55.4 million in debt by Polish lender Bank Ochrony Srodowishka SA. The said fund will be used to finance part of the construction costs of two Polish wind farms.
CEZ Group, a utility conglomerate based in Prague, could ink a $10 billion deal to expand the Temelin nuclear power plant some time in the second quarter of 2015. CEZ is in talks with US' Westinghouse and a consortium that includes Russia's Atomstroyexport, according to a Reuters report.
ARX Equity Partners, a private equity firm based in Czech Republic, has sold its controlling stake in film extruder Ergis-Eurofilms SA. Ergis claims to be the largest film extrusion group in the country.
Czech startup Futurelytics Inc closed its seed financing with USD 800,000 in a round led by Index Ventures and Credo Ventures. Futurelytics was the first Czech company to win initial funding from Seedcamp.
The Czech regulator intended to open the bidding of a frequency tender starting today. The Czech Telecommunications Office planned to conduct the bidding of a mobile spectrum tender today.
PPF Group NV agreed to purchase Telefonica Czech Republic's majority shareholdings. The PPF Group NV of billionaire Petr Kellner had agreed to purchase the controlling stake in Telefonica Czech Republic.
Spanish telecommunications firm Telefonica said it had sold a 65.9% interest in its Czech unit to investment group PPF.
The following bids, mergers, acquisitions and disposals were reported on Monday The following bids, mergers, acquisitions and disposals were reported on Monday: BlackBerry Ltd is abandoning a plan to sell itself and instead will replace its chief executive and raise about $1 billion from institutional investors, including its largest shareholder, the smartphone maker said.
Anonymous sources revealed the near completion status of the deal between Telefonica SA and PPF Group NV for the largest phone company in the Czech Republic.
