Private equity firms Headway Capital Partners and Committed Advisors issued a statement that they would be backing the spin-off of Loudwater Trust's portfolio.
Europe
Keval Shah resigns from Citigroup
Keval Shah had announced resignation from the company as its co-head of FIG syndicate and would take a post at Lloyds Bank.
Slovenia liquidates two small banks as bailout nears
Slovenia had resulted to liquidation to small banks after it had struggled to avoid an economic bailout.
Ackermann’s departure puts Wauthier’s life in spotlight
The untimely demise of Zurich Insurance Group AG's CFO Pierre Wauthier was pushed into the spotlight after the insurer's CEO exited the company.
Source: EU Competition Commissioner to discuss Monte Paschi bailout with Italian minister
EU Competition Commissioner Jaoquin Almunia said that it would discuss a state bailout for Italian bank Monte dei Paschi di Siena with the country's Economy Minister on Saturday.
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Deutsche Telekom had applied for a sports betting license and is currently reviewed by the Interior Ministry of the German state of Hesse.
European retailers had been looking to get more profit through online food businesses as the grocery segment make up around 40% of retail sales.
Finnish modern design house Artek sold its business to Swiss design firm Vitra. Alvar Aalto-founded Finnish modern design house was sold to Swiss firm Vitra.
The sale of SAME Deutz-Fahr's stake in Deutz AG caused the latter's stock to drop. The sale of SAME (Società Accomandita Motori Endotermici) Deutz-Fahr's stake in Deutz AG caused the latter's value to plunge.
Marche businessman Francesco Merloni said investors were willing to put capital in Banca Marche. A businessman told Reuters that locals were willing to help Banca Marche.
The news media report on Volkswagen CEO's retirement was dismissed in another news report. Ferdinand Piech, Chairman of Volkswagen, dismissed a report in the media stating he would be quitting his post at Volkswagen, the largest automaker in Europe, soon.
Telegraaf Media Group (TMG) was able to raise EUR 391 million by selling its non-core stake in ProsiebenSat 1.
Matrix, the leading efficient energy management company, was purchased by E.ON Connecting Energies for an undisclosed amount.
Banca Carige was advised by the Bank of Italy to make changes in policy and personnel as it prepares for regulatory changes for next year.
