Europe

Sources say Suntory in advanced talks for purchase of GlaxoSmithKline's drink brands

Sources told Reuters that Suntory would be acquiring two drink brands of GlaxoSmithKline in a deal worth more than GBP 1 billion.


Azimut signs Brazilian joint venture agreement with Legan Administracao de Recursos

Italian investment company Azimut inked a joint venture partnership for Brazil with Legan Administracao de Recursos.

Italian government prefers Telefonica than Sawiris for Telecom Italia- newspaper

An Italian newspaper reported that the Italian government preferred the merger of Telecom Italia with Spain's Telefonica than have Naguid Sawiris acquire a stake in the firm.

Mail.ru sells the rest of its Facebook stake

Russia's richest man, Alisher Usmanov, said that he had decided to reduce his Facebook holdings by selling 14.2 million shares.


Latest News

Nokia had its focus redirected on network equipment manufacturing after it sold its handset units to Microsoft Corp.
According to a Delaware judge, ample time would be needed prior to the start of the trial for the Fiat-Chrysler deal.
After the Verizon-Vodafone USD130 billion deal, AT&T and Billionaire Tycoon Naguib Sawiris was reported to see Telecom Italia to be its next target.
Caixa Seguros bidders whittled down to two. The government of Portugal had decided to include two companies as bidders for the privatization of insurance arm of state bank Caixa Geral de Depositos.
Qualcomm and Samsung offered to the public the Toq and Galaxy Gear as an alternative to the smartphone.
A source told Reuters that Naguib Sawiris, America Movil and AT&T made preliminary contact with the core investors in Telecom Italia who wanted to exit the company.
Tele2 said it would want to increase its market share in the mobile telephone market in the Netherlands to 20% after the roll out of its own network.
Osram Licht AG, RTL Group and Evonik Industries would be moved to the MDAX of the Frankfurt bourse. Three major German firms would be added to the country's mid-cap index MDAX after their stocks were floated in the Frankfurt Stock Exchange in the earlier part of the year.
Impax Asset Management announced its acquisition of two wind farms in Northern Finland. London-based Impax Asset Management Group said it had purchased two wind farms from Fortum Oyg and Metsahallitus.
China National Petroleum Corp bought a 20% stake in Novatek's Yamal liquified natural gas venture.
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