A bid for Alitalia was being reviewed by the Air France-KLM Group. The board of directors of Air France-KLM Group would meet on Sept. 23 to determine whether a bid for majority ownership over Alitalia SpA would be made.
Europe
LVMH in advanced talks to buy stake in J.W. Anderson- sources
Sources told Bloomberg that LVMH was already nearing a stake purchase in Anderson. Sources told Bloomberg that luxury goods maker LVMH Moet Hennessy Louis Vuitton was close to buying a stake in J.
EU and Singapore submits free trade agreement for approval
The European Union and Singapore concluded a free trade agreement that would make doing business easier and more transparent for both countries.
Foxtons debuts strong in London stock market with GBP 788 million
Real estate firm Foxtons debuted strong in the London bourse, with early trading placing the firm's value at GBP 788 million or USD 1.27 billion.
RBS raises GBP 630 million through sale of Direct Line shares
The Royal Bank of Scotland raised GBP 630 million by selling all the shares it holds in insurer Direct Line.
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The forecast of increased revenues and profits had the share prices of United Utilities increase significantly.
Sweden's Finance Minister Anders Borg advised banks of a future of stricter administrative rules over their operations.
Kloevern AB gained the most after the firm was upgraded in status by Swedbank AB. The shares of Kloevern AB had jumped its highest in nearly five months in Stockholm trading.
In order to save the debt of Telecom Italia from being downgraded to junk status, a future with Telefonica SA seems to be the best option available for the Italian telecommunications firm.
According to ThyssenKrupp CFP Guido Kerkhoff, there are still plans to sell off its Americas units, under certain conditions.
After the announced stake sale last Tuesday, Varde Management and Deutsche Bank had raised GBP108.6 million from the sale
The tripartite auto manufacture promises to corner 40% combined share of the Russian market. The partnership between Renault SA and Nissan Motor Corp had resulted in the creation of a parts procurment venture with Russia's largest automaker, OAO AvtoVAZ, This is one cost cutting measure as all three are seeking to expand their markets through a three way tie-up.
One of the tallest towers in the London business district would be sold off as its ownership group are at odds over a loan contracted for the property.
Investor sentiment improved in Switzerland for September, a new survey revealed. Investor confidence in Switzerland increased in September. Germany-based ZEW Center for European Economic Research and Credit Suisse Group based in Zurich revealed investor and analyst expectations rose to 16.
