The French government on Tuesday approved IntercontinentalExchange Inc's takeover of stock market operator NYSE Euronext but urged French market players to step in to preserve Paris as a financial centre.
Europe
Sanitec to file for IPO, apply for NASDAQ OMX Stockholm listing
Helsinki-based Sanitec Corporation planned to launch an initial public offering on the Stockholm Stock Exchange. The bathroom ceramics and fixtures maker is owned by EQT.
Ledzworld rounds up USD5 million in funding for sales growth
Netherlands-based LED lighting solutions developer Ledzworld recently received USD5 million in funding to be used for the acceleration of its sales, manufacturing, and global expansion.
Financo seeks to raise private equity fund for lower middle market companies
New York-based consumer and retail-focused investment bank Financo announced its intention to raise USD75 million to USD100 million for the launching its private equity fund in 2014.
Alitalia's industrial plan to be submitted for shareholder approval
Alitalia CEO Gabriele del Tochio would be submitting to the board for its decision for an industrial plan which would include 2,000 employee layoffs in order to keep the Italian air carrier aloft.
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OAO Sberbank, under the leadership of CEO Herman Gref, had undergone layoffs as well as transitions to become one of the top banks in Europe, with interests in Eastern Europe and Turkey.
UK-based pet retailer Pets at Home will be put up for an initial public offering by American multinational private equity firm KKR & Co LP. Said listing would be worth GBP1.5 billion.
CBRE GROUP SAYS PURCHASE PRICE IS PAYABLE IN CASH, EXCEPT FOR ABOUT $9 MLN PAYABLE IN CBRE COMMON STOCK TO NORLAND SENIOR MANAGEMENT
NorthEdge Capital invests GBP25.5 million in chemicals manufacturer Fine Industries Ltd of the Teeside, UK area to boost the company's presence and production for its future.
French luxury goods group Kering, trying to sell its loss-making mail order unit La Redoute, said it would favor a buyer who would keep the business going after staff and politicians protested against looming job cuts.
ProsiebenSat.1 shareholders KKR and Permira are selling a stake worth up to 1.12 billion euros ($1.5 billion) in the German free-to-air broadcaster, the offer document, which was seen by Reuters on Tuesday, shows.
Project A's Managing Director joins the board of Tictail for strategic and operational cooperation, whose membership includes experts in the social media and ecommerce platform.
Reuters reported that NK Rosneft' OAO (Rosneft) said it had agreed to sell oil product cargoes to BP worth over $6 billion, on top of a previous deal to sell oil worth $5.3 billion.
Graphite Capital enters into an agreement with Caledonia Investments, an investment trust company, over the sale of Park Holidays UK for a value of GBP172 million.
