Belgian weaving machine maker, Picanol, purchased a 27.6% stake in Belgian chemicals group, Tessenderlo Chemie.
Europe
Insurers face huge bills for Spain train crash
Insurance companies would deal with major payouts due to Spain train crash. Allianz, an insurance company from Germany, would deal with a huge bill for compensation payments after the deadly train crash that happened in Spain.
Scottish Equity Partners devotes GBP 70 mln for clean energy businesses
The UK venture capital company is investing GBP 70 million to fund British companies with thrust in clean energy.
Berkeley Group enters into a joint venture worth US $616 mln to build houses
The UK homebuilder enters into a joint venture with a charitable institution worth US $616 million. UK's Berkeley Group Holdings Plc agreed to enter into a joint venture with Wellcome Trust Ltd.
Spain spends Eur100 per year for track maintenance
Investigations were now being held to understand the cause of Spain train crash that killed 78 people.
Latest News
Adenium Capital and its venture partner ForVEI announced that it had acquired a 24 megawatt solar facility in Italy.
A statement by Pamplona Capital said that Deutsche Bank was fully committed to returning the pledged shares upon request.
Bencis Capital Partners revealed that it is buying Punch Graphics' majority stake in Xeikon for about EUR110.3 million
Generac Holdings purchases Tower Light in line with global expansion goals. Generator manufacturer Generac Holdings Inc. announced the finalization of a purchase deal with Ambienta I for the acquisition of Tower Light Srl and its wholly-owned subsidiaries earlier today.
Publisher Axel Springer signs a deal with Funke for printed media following announcement to go completely digital.
Statoil ASA announced a profit decline for the second quarter of 2013. Norwegian energy company Statoil ASA experienced an unexpected drop in profit in the second quarter, a backlash of the declining gas and oil production and prices.
Investment firm Almaz Capital raised a total of US$102 million for its second funding. Russia-focused technology venture investor Almaz Capital has posted a US$102 million total for its second fund according to one of the company's securities filing.
Aston Martin announces collaboration with Daimler for new engine production. Global luxury carmaker Aston Martin announced on Thursday that it is planning to sign a deal with Daimler's Mercedes-AMG GmbH unit for the release of a new line of bespoke v8 engines.
Credit Suisse's investment bank improved group profit but investors remain concerned about the Swiss bank's future.
