Raiffeisen Bank International reportedly aborted plans to sell its loss-making Hungarian business, saying that selling the asset at a knock-down price would trigger losses it was not prepared to accept.
Europe
Netherland's NXP Semiconductor CEO Richard Clemmer mulling over $1.5B in acquisitions
NSP Semiconductor Chief Executive Officer Richard Clemmer told Bloomberg that he is thinking of making as much as $1.5 billion in acquisitions of semiconductor companies that complement its core operations.
UK plastic supplier RPC Group adds Bosnian firm Helioplast in $13M deal
England-based rigid plastic packaging products supplier RPC Group PLC has added Bosnia and Herzegovina-based injection molder Helioplast d.o.o. in a deal valued at £8.4 million ($13 million).
Drug majors Novartis, Merck in talks to trade business units
Pharma giants Novartis International AG and Merck & Co. Inc. are reportedly negotiating an asset trade of about $5 billion each. Novartis wants to exchange its animal health and human vaccines businesses for Merck's over-the-counter health products unit.
McKesson sweetens bid for Celesio, ups offer to €23.50 per share
McKesson Corporation has sweeten its offer for German counterpart Celesio AG in a bid to win over hedge fund Elliott Management Corporation. McKesson has lifted its bid from €23 per Celesio share to €23.50 apiece.
Latest News
American rapper and producer Sean "Diddy" Combs struck a partnership with UK-based consumer goods firm Diageo Spirits to acquire the luxury tequila brand DeLeon in their second 50-50 joint venture.
A senior official from Thailand's state-owned petroleum company PTT on Thursday denied a media report saying that it was bidding for Royal Dutch Shell's service stations in Australia. Shell is selling its 900 petrol stations and an oil refinery in the country for A$3 billion.
Raiffeisen Bank International, a subsidiary of Raiffeisen Zentralbank, may hike its equity capital by as much as €2.25 billion in the next six months. The Austrian lender will be selling shares to bolster its weak balance sheet.
2010 was a 'tipping point' for the start-up of Russia through two liquidity events and underlying forces in the country. First was the acquisition of the Russian Groupon clone called Darberry by Groupon.
What are the elements of a start-up community? What can you do to startup a start-up community in your city, or help it do more-faster?
AstraZeneca's MedImmune unit has partnered with Immunocore, a private British biotechnology company, to develop a cancer drug that would tap on the body's immune system, Reuters reported.
Geneva-based Vitol Group is thinking of making a bid for some of Royal Dutch Shell's downstream operations in Australia, according to sources interviewed by Bloomberg.
Norway-based newsprint and magazine paper manufacturer Norske Skog inked an agreement to exit its remaining stake in its Brazilian operations to Papeles Bio Bio SA for $37 million.
England, UK-based specialty medical device maker Lombard Medical Technologies PLC plans to pursue an initial public offering (IPO) and listing of ordinary shares in the US.
