Renewable Energy Corp ASA (REC)announced plans to spin off a business unit for US$133 million. Renewable Energy Corp ASA (REC) announced that the company plans to spin off its solar unit in a deal that was valued at US$133 million or NOK800 million.
Europe
EMI breaks buyout records
EMI broke buyout records. The EMI Group Pension Fund secured a buyout with Pension Corporation last week. The buyout was worth GBP1. 5 billion, which is considered to be the largest deal to date.
Falcon acquires 24% interest held by Sweetpea Petroleum
Falcon Oil & Gas Ltd acquired the 24% interest owned by Sweetpea Petroleum for Falcon's subsidiary, Falcon Oil & Gas Australia Limited (FOGA).
Deutsche Börse to launch new block trading service Liquidnet
Deutsche Börse will soon launch its new block trading service, Liquidnet. Deutsche Börse announced that it will soon launch Liquidnet, its new block trading service.
Erste's capital hike nets Eur632 million
Erste's capital hike raised net proceeds of Eur632 million. Erste Bank Group stated that it had a capital increase this month. This was after the group's foundation decreased its stake.
Latest News
Mister Spex bought Loveyewear and Lensstore in a bid to enhance its international presence. Two Swedish online eyewear shops, Loveyewear and Lensstore had been bought by Mister Spex, also an optic shop with heavy online operations.
Dorel Industries and Trek Bicycle Corp acquired Tour de France teams amidst doping scandals. Trek Bicycle Corp and Dorel Industries Inc. announced that they are investing in Tour de France teams amidst doping scandals.
CPFL Renováveis announced the closing and completion of their US$459.49 million public offering. CPFL Energias Renováveis SA announced the completion of their public offering.
J.C. Flowers announced that they are in the final negotiations to buy US$682.8 million worth of Northern Rock loans.
A group of investors led by Siparex is buying Groupe CEBTP but finalization of the deal would have to wait until third quarter of 2013.
Mobile app Vivino gets US $10.3 billion funding as it gears up to develop and expand its brand in Europe and North and South America.
American Airlines and US Airways gave concessions to EU antitrust regulators to get their authorization over a planned merger.
Severn Trent Plc spent GBP19 million for counselling, legal and related costs in its buyout approach.
According to a recent study, businesses spend most of their marketing budgets for paid search, search engine optimization, and Facebook marketing.
