BBA Aviation confirmed reports that it is planning to merge with StandardAero and that it has already bought Maguire Aviation.
Europe
Total agrees on purchase of Chevron's Egyptian retain network
French oil and gas company Total said that it would be buying the retail network of US-based Chevron in Egypt.
Lloyds Bank to sell AUD 371 million loan portfolio to Sankaty Advisors
Lloyds Banking Group agreed on a sale of its loan asset portfolio from its BOS International Australia unit to Bain Capital's Sankaty Advisors.
Acquisition causes drop in Regus profits
Regus suffered a 3% drop in first half profits as a result of the restructuring costs of its earlier acquisition.
Telekom Austria looks to raise EUR500 million
Telekom Austria plans to raise EUR500 million to buy new frequencies and acquire companies. With the objective of purchasing new frequencies in a September auction and acquiring companies, Telekom Austria has planned to raise EUR500 million in fresh capital, the Der Standard reported.
Latest News
The number of initial public offering in Sweden had increased while Stockholm's OMX All-Share Index had reached a record high, erasing market volatility in the country.
BBA and DAE discuss merger possibilities. The world's largest producer of bases for business jets, BBA Aviation Plc was in discussion with Dubai Aerospace Enterprise Ltd, an aircraft leasing company, as to the combination of their business enterprises.
Uralkali CEO Vladislav Baumgertner was held in custody after holding potash discussions in Belarus. OAO Uralkali Chief Executive Officer Vladislav Baumgertner was detained in Belarus.
America Movil had announced today its support for the purchase of E-Plus, Telefonica's German unit.
Carlos Slim gives support to Telefonica's buyout of Royal KPN NV. In a surprise move, Carlos Slim's America Movil SAB gave its 'irrevocable commitment' to vote in favor of KPN's E-Plus unit's sale to Telefonica Deutschland Holding AG.
CNH Industrial COO Richard Tobin is the new CEO of the merged company between Fiat Industrial and CNH Industrial.
A Bain & Co. study showed Swedish banks outperform peers, but Europe's financial sector poised to catch up.
Tata Steel had purchased expensive equipment to lower black dust emanation from its plants. Tata Steel. the Indian steel conglomerate, had invested GBP800,000 in new machinery able to reduce the black dust particles produced from its Wales located facility.
Alitalia and Etihad are in discussion as to possible stake purchase from the Italian flag carrier. Alitalia is in discussion with Etihad Airways, resulting in the Abu Dhabi based airline purchasing a stake in the floundering Italian aircarrier.
