With the first official Royal Family photos out, industry observers believed that the arrival and continuous media exposure of Prince George Alexander Louis of Cambridge will help boost the UK economy, especially small and medium-sized enterprises (SMEs).
Europe
TT electronics plans GBP 100 million spending for bolt-on purchases
TT electronics said it intends to spend up to GBP 100 million for bolt-on acquisitions. UK-based electronics group TT electronics Plc revealed its plan to acquire bolt-on firms for its combined industrial sensing and control units.
Government's 'help to buy' equity loan offer boosts Persimmon's sales
The British government's 'Help to Buy' program increased Persimmon's spring sales.
Straumann eyes acquisition of low-cost dental rivals for over USD 400 million
The Straumann Group announced plans to purchase discount players in the dental implants market. Swiss-based dental implants maker Straumann Group said it plans to acquire rival companies that make low-cost brands.
Japan gives approval for marketing of Bayer's Stivarga
Bayer Healthcare said it received approval to market its cancer treatment Stivarga in Japan. Bayer Healthcare announced it had received regulatory approval to market its cancer drug Stivarga in Japan.
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Blackstone Group LP agreed to sell its 50% stake in the Broadgate office complex valued GBP1.7 billion according to sources familiar with the deal.
CarProof sold a minority share to Hellman & Friedman, a leading private equity firm based in San Francisco.
Spain's El Corte Ingles said on Monday that it has reached an agreement with banks to refinance its EUR5 billion debt.
HgCapital buys E-conomic, an online accounting company for SMEs. Hg Capital revealed on Monday its purchase of e-conomic, a large-scale European leading SaaS (Software as a Service) accounting unit for small and medium enterprises (SMEs).
Increased volume of agricultural production propped up Russia's slow growing economy. Russia's economy exhibited indications of development in July, based on new figures released by the state statistics service.
Falcon Social raised EUR 6 million in Series A funds for its social management platform. Falcon Social, a Copenhagen-based social management platform, raised EUR 6 million or USD 8 million in its Series A funding round.
Private-equity leader CVC Capital Partners Ltd. buys Skrill, a British online payment company by Investicorp.
Ten more Slovenian banks would undergo external stress tests commissioned by the Slovenian central bank.
According to sources, Lloyds Banking Group has prepared the sale of Heidelberger Leben to Hannover RE, following disposals of other businesses in the overseas market.
