Real estate firm Ledermann Immobilien cancelled its planned IPO today because of low demand. Swiss-based real estate firm Ledermann Immobilien said it would not push through with its planned initial public offering (IPO) anymore.
Europe
Fenergo secures EUR 4 million in funds from Ulster Bank Diageo Venture Fund
Software company Fenergo raised EUR 4 million from Investec Ventures-backed Ulster Bank Diageo Venture Fund.
Forward Investment Partners participates in USD 2.8 million seed funding round for Wool and the Gang
Forward Investment Partners joined other private equity firms in the USD 2.8 million seed funding round for Wool and the Gang.
UK government plans to increase Royal Mail shares to cater to small, public investors
The Guardian said the British government might increase the 30% Royal Mail share allocation it would be selling to small and public investors.
Albion Ventures infuses funding to Aridhia Informatics
Albion Ventures had decided to invest in Aridhia for its cutting edge informatics platform. One of the largest venture capitalists in the United Kingdom, Albion Ventures, had led a substantial investment in health and biomedical informatics company Aridhia Informatics Ltd.
Latest News
New venture fund Flint Capital announced that it had invested an undisclosed amount in Russian task assignment platform startup Youdo.com.
In an announcement today, former executives of Finam Global launched Flint Capital, a USD30 million fund that is focused on placing investments in Internet and innovative hardware startups.
Monte Paschi would cut more jobs to be able to secure a state bailout fund from the European Union, said a Bloomberg report.
On Monday, Spain’s Santander said that it had agreed to buy a 51% stake in the largest consumer finance business from El Corte Ingles.
Alcatel-Lucent would push a cost cutting drive to save EUR1 billion by 2015 through cutting jobs by 1000, reported Les Echos and Le Figaro newpapers on their websites.
Vitol SA obtains favorable LIbOR for its one year and three year credit lines. The world's largest independent oil trader, Vitol SA, would be raising USD7 billion worth of loans at the same rate pegged for its nearest competitor, Glencore Xstrata Plc.
Jack Priestman was appointed as Analyst into Silverfleet Capital. European private equity firm Silverfleet Capital had announced the appointment of Jack Priestman as an Analyst in its London office.
A spokesman for Yury Kovalchuk said the billionaire was thinking of buying a stake in Tele2 Russia and putting some of his shares in Sobinbank for sale.
Sonatrach's purchase of Petroceltic International's Algerian assets increased the value of the latter's stock.
