OTI Greentech Group, a Switzerland-based cleantech engineering company, said it secured CHF 1.8 million or €1.5 million to mark the first close of its second round of expansion funding.
Europe
German CRM startup Linko bags $2.6M in seed round, buys Localstream
Berlin, Germany based customer relationship management (CRM) startup Linko raised $2.6 million in seed funding from angel investors and purchased tech startup Localstream for an undisclosed amount.
Sweden's Vattenfall Europe AG to divest 74.9% stake in power grid back to Hamburg- report
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.
France divests $614M Airbus stake
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.
Survey shows UK firms on spending spree in advertising at fastest rate ever
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.
Latest News
Gentium investors sued the company's board and Jazz Pharmaceuticals in an attempt to stop the acquisition of Gentium, claiming that the tender offer was flawed, Bloomberg reported.
New York-based investment firm Sandell Asset Management has again pressured FirstGroup, the owner of Greyhound bus, to split the company and revamp its operations, Bloomberg reported.
The private equity arm of London-based banking firm Standard Chartered picked up a 13% stake in Botswana-based supermarket chain Choppies Enterprises in a deal valued at $6 million.
VimpelCom Ltd, one of the largest integrated telecommunications service operators around the world, announced the extension of its strategic partnership with Oslo, Norway-based Opera Software,
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.
The mining pool GHash.io run by a secretive company known as CEX.io which has links to Ukraine nearly controls 45% of Bitcoin network's processing power, according to a report by Bloomberg View contributor Leonid Bershidsky.
TaiGen Biotechnology Company Ltd, a biotechnology firm in Taiwan, has given Russia's R-Pharm the exclusive license to develop and commercialize the anti-infective compound nemonoxacin in the Russian Federation, Turkey and the Commonwealth of Independent States.
Bahrain-based investment firm Gulf Finance House (GFH) agreed to sell part of its stake in West Yorkshire-based soccer club Leeds United for an undisclosed amount.
Hony Capital Ltd, a Chinese private equity firm, is mulling a potential bid for United Biscuits Holdings Ltd owned by Blackstone Group and PAI Partners, according to sources interviewed by Bloomberg.
