Beleaguered lender Kommunalkredit proceeds with run-off after its efforts to find buyers fail. After its failure to find buyers, Kommunalkredit Austria AG is expected to close its books and attempt to sell off parts of its assets.
Europe
S&P raises Swedbank's rating outlook to stable
Swedbank's rating outlook was raised to stable by S&P. Standard & Poor's Ratings Services (S&P) raised the credit rating outlook of Swedbank AB to stable.
G20 concerned with US Fed, China, and Japan
Participants of the G20 summit held recently in Moscow expressed concerns regarding US Fed, China, and Japan.
Grohe gets 4 additional bidders
Grohe announced that they received 4 more bids from rival companies Four additional bidders submitted their intent to offers for Grohe, Europe's lagest bathroom equipment maker.
Angela Merkel calls for tougher Europen Union data protection rules
Chancellor Angela Merkel said that she is calling the EU to set tougher data protection rules. Angela Merkel, Chancellor of Germany, announced that she will push for tougher European Union data protection rules.
Latest News
HgCapital invests in IntelliFlo, which transaction is set to be finalized by August. HgCapital's Mercury said it is putting in a majority investment in IntelliFlo Limited, one of the premier Software as a Service (SaaS) providers for financial advisors and brokers.
AstraZeneca acquired Omthera Pharmaceuticals. AstraZeneca completed its acquisition of Omthera Pharmaceuticals last July 18, 2013. Omthera announced last July 16 that its shareholders approved the acquisition.
Simply Business completed a management buyout from Brit Group. Simply Business announced the completion of a management buy-out from Brit Group, which held 37% stake in the firm.
Informa is divesting its interest in its five corporate training businesses in favor of Providence Equity Partners.
Sheik Mansour's stake in Barclays was sold last month. Sheik Mansour bin Zayed al-Nahyan of Abu Dhabi sold his shares in Barclays. In a regulatory filing last month, the bank said that the Sheik's investment vehicle, PCP Gulf Invest 3, sold its 758.
The UK Government said that they are weighing all of their options for the Lloyds Banking Group deal.
Cleveland BioLabs and other biotech firms have stated their desire to move their development operations to Russia.
Woodall Nicholson stated that a group of three investors have acquired the coach-building company. Woodall Nicholson Group has been acquired by a partnership of three Manchester-based investors.
Enel Green revealed plans to expand its geothermal technology while global market for it is still young.
