Sources told Bloomberg that Telefonica was preparing to sell the 69% stake it holds in Telefonica Czech Republic.
Europe
Burberry names Bailey as new CEO replacement
On Tuesday, the Burberry Group said chief creative officer Christopher Bailey would be adding another responsibility as chief executive officer in the middle of next year.
JPMorgan would issue two year notes for the first time since January 2010
JPMorgan had valued notes at USD0.95 to the dollar, to be offered for the first time since January 2010.
European stocks fluctuate amidst US economic uncertainty
Stock markets in Europe fluctuated wildly amidst the uncertainty of the US finalizing budgets for its debt servicing and other governmental services.
Germany's Bundesliga inks deal with 21st Century Fox Inc
Rights coverage and greater viewership are promised in the new deal between 21st Century Fox Inc and the German Bundesliga.
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Palatine Private Equity had purchased a GBP 16 million minority stake in Bolton-based Forrest. UK-based investment firm Palatine Private Equity bought a GBP 16 million minority stake in social housing contractor Forrest.
TRAFI, a Lithuanian Journey planner startup, received a USD500,000 in investment capital from Practica Capital to expand into key markets unexplored by big players like Google Maps.
New York-based 21st Century Fox signed a deal to air German soccer to viewers in 80 countries around the world.
Analysts surveyed by Bloomberg said Clariant would gain CHF 320 million once it would divest its leather and detergent businesses.
Dutch software company Unit4 shares increased after it announced that private equity firms had approached with a EUR 35 per share buyout offer.
Finnish IT services provider Tieto had planned to reduce its workforce by a further 5% following last year's job reduction, said a report from Reuters.
Danske Bank dismissed its Head of Treasury Steen Blaafalk. According to a Bloomberg report, Danish lender Danske Bank had fired its Head of Treasury Steen Blaafalk.
TCS Group priced the IPO of Tinkoff Credit Systems from USD 14 million to USD 17.50 for every global depositary receipt.
The new fund of private equity firm Cudos Capital, which is co-founded by former Austrian chancellor Alfred Gusenbauer, would seek to raise EUR150 million.
