Europe

Shareholder insists Alitalia on keeping Air France-KLM as partner

Intesa Sanpaolo chief executive officer Carlo Messina wanted Italian carrier Alitalia to have Air France-KLM as its industrial partner.


Shares of Blue Solutions climb 30% in oversubscribed IPO

Blue Solutions rose as high as USD18.64 per share in the first day of its initial public offering. Blue Solutions saw its shares jump 30% from issue price in the first day of its initial public offering.

PwC to acquire Booz & Co to expand advisory and tax business

PricewaterhouseCoopers (PwC) would be acquiring Booz & Co for an undisclosed amount. A Reuters report said UK accounting firm PricewaterhouseCoopers (PwC) entered into an agreement to purchase a corporate consulting firm.

Kleinwort Benson renews deal to buy out Deutsche Bank’s BHF-Bank

RHJI renewed a deal with co-investors to successfully acquire Deutsche Bank’s BHF-Bank. In an attempt to acquire Deutsche Bank, BHF-Bank, Kleinwort Benson, RHJ International's owner, rallied co-investors.


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French advertiser Criteo raised USD 250 million from its IPO. France-based firm Criteo raised USD 250 million from its initial public offering in the US.
French billionaire Xavier Niel was looking at possible deals with phone companies in Europe, sources told Bloomberg.
Former Co-operative Group chief executive Barry Tootell said he and other company executives had doubts over the capability of the mutual fund to acquire 632 Lloyds Banking Group branches for USD750 million.
BP Plc's recent quarterly report showed a bright investor future amid an overall glum oil and gas industry.
Electricite de France (EDF) and Veolia Environment said on Monday that both were coming close to agreeing the terms of their exit in Dalkia.
The consolidation of Anheuser-Busch InBev and SABMiller was a natural progression when there were only a few markets to tap, said industry analysts.
Analysts said the European Commission's approval of Actelion's lung disease drug would have potential investors bid for the Switzerland-based drugmaker.
General Electric decided to exit from its local banking unit for an undisclosed amount. On Monday, Sovcombank had signed an agreement to acquire General Electric's local banking unit.
Despite the negative press Bitcoin received due to the Silk Road black market scandal, industry observers believed that there would be a renewed investor interest in digital currency.
Russian state-owned diamond miner Alrosa had reduced its capital investment expectations for its planned IPO.