Analysts told Reuters that British Prime Minister David Cameron needs a symbolic triumph before he can ask Britons to support continued membership of the European Union.
Europe
Austrian banks will merge for Volksbanken buy back
Mergers would enable Austrian regional banks to save money for a Volksbanken buy back. An official representing Austrian regional banks told newspaper Kurier that mergers would enable them to save money to help buy back Volksbanken AG.
Campbell sells Europe biz to CVC Capital Partners
Campbell Soup Co announced that the sales of some of its European businesses to CVC Capital Partners is on the final stages.
Thames Water Set to Increase Charges
Thames Water Set to Increase Charges and is seeking its regulator's permission. Thames Water Utilities Ltd, the largest drinking water and wastewater management services company in UK, sought the permission of Oftwat to raise prices.
Greece sells 33% OPAP stake to Emma Delta
Greece completed the sale of the 33% stake it held in OPAP SA to Emma Delta fund for EUR 652 million.
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French President Francois Hollande said he would continue to stimulate the jobs market to chip down the soaring unemployment numbers in the country.
MorphoSys announced that Celgene will be acquiring a 3.4% equity stake capital in their company through a capital increase.
Tesco said it has agreed on a joint venture with a state-run company in China. International retailer Tesco Plc agreed on a joint venture with China Resources Enterprise Ltd but will cede control to the state-run firm.
Cheil Industries purchased a 50% stake in German lighting company Novaled for EUR 260 million. South Korea-based Cheil Industries bought a majority stake in Novaled, a lighting company in Germany that specializes in organic light-emitting diode (OLED) structures.
Nova Capital signed an agreement to buy five brands of the Newell Rubbermaid Hardware Group in a deal worth USD 214 million.
Content monetization firm Skimlinks bought InvisibleHand, an eCommerce product matching and pricing comparison platform, for an undisclosed amount.
The sovereign wealth fund of Norway said it increased its share of equity holdings from 62.4% to 63.4%.
The Croatian government issued an invitation for all interested bidders who are interested to acquire Hrvatska Postanska Banka, a state-owned local bank.
GDF Suez announced that it will be buying Balfour Beatty Workplace by the end of the year for less than GBP 190 million.
