New policies are being instituted to make 'shadow banking' safer for market players, according to the European Union.
Europe
La Caixa sells majority share of property unit to TPG-source
A source told Reuters that La Caixa would be selling 51% of its stake in Servihabitat, a real estate firm, to TPG.
SKF to buy Kaydon in USD1.25 billion all cash deal
Bearings maker SKF agreed to buy US-based Kaydon Corporation for USD1.25 billion in cash. The world's biggest maker of bearings, SKF, said on Thursday that it had agreed on buying US-based Kaydon Corporation in the tune of USD1.
Dixons Retail pays EUR 69 million to German firm to exit PIXmania
Dixons said it would pay EUR 69 million to mutares AG for the latter's acquisition of PIXmania.
Fiat pledges EUR1 billion investment
Fiat pledged EUR1 billion in a Mirafiori plant as it aimed to boost the sale of its luxury mode line-up said a union leader.
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The Chief Executive Officer of Italian fashion brand Salvatore Ferragamo saw no reason to sell, quelling speculations of a possible buyout.
According to an Italian daily, market regulator Consob is investigating Camfin's offer for Pirelli shares if the same is properly valued.
Anshu Jain, co-CEO of Deutsche Bank, said the current climate would move banks to consolidate. According to Deutsche Bank co-Chief Executive Officer Anshu Jain, consolidation in the banking industry is 'inevitable'.
Former TNK-BP executive Mikhail Slobodin replaces Anton Kudryashov as head of Vimplecom's Russian business.
Fiat union leaders said the carmaker would invest nearly EUR 1 billion to make the Maserati SUV in its Turin factory.
REIT British Land said it would buy 50% of Southgate, a shopping center in Bath, for GBP 101 million.
Raiffeisen Bank International said it would be buying out the minority stake in its Croatian business.
Japanese camera and endoscope maker Olympus Corp. would be prosecuted by UK's Serious Fraud Office for providing "misleading, false or deceptive" information in its Gyrus Group's financial accounts dating fiscal years 2009 and 2010.
Nokia could boost its royalties as the Finnish phone maker gripped on its valuable patent portfolio.
