Gagfah will be offering 40 million shares to raise capital. Gagfah, a German real estate group, announced last Tuesday that it will be offering 40 million shares to raise capital.
Europe
German Finance Minister approached UBS about acquiring 17% stake in Commerzbank - magazine
Wolfgang Schaeuble initiated exploratory talks with the chairman of UBS about its stake in Commerzbank.
Spain power reforms to cost energy corporations Eur2.7 billion
The power reforms implemented by Prime Minister Mariano Rajoy would cost utilities approximately Eur2.7 billion.
Plus500 goes public via IPO to enhance market presence
Plus500 planned to go public via an IPO to enhance its market presence. Plus500 decided to go public to enhance its market presence. The retail Forex broker planned to do so through offering an initial public offering.
NYSE Euronext takes over Libor
NYSE Euronext said that it would take over the London interbank offered rate (Libor) from the British Bankers' Association.
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A global blueprint that was supposed to eradicate manipulation of benchmarks was expected to stumble due to patchy implementation.
ECB's executive board member said that the bank's interest rates would remain the same as long as inflation stays moderate.
UBS gained back the title of largest private bank UBS gained back the title as the world's largest private bank as fresh client funds surged in the previous year.
Greece announced satisfaction with the decision of the euro zone which granted the country Eur6.8 billion to redeem bonds in August.
The IMF announced that the euro zone must take a coordinated action to revive economic growth The International Monetary Fund (IMF) said in a strongly worded statement that the euro zone must take a coordinated action to revive economic growth.
The following bids, mergers, acquisitions and disposals were reported on Friday. The following bids, mergers, acquisitions and disposals were reported on Friday.
MCI gets shares in a company that operates Central Eastern Europe's biggest online clothing retail shop.
Salvatore Ferragamo SpA and Tod's SpA were expected to pursue growth through deals with LVMH and Gucci-owner Kering SA.
GEA will try to coax investors to buy heat exchanger business as a whole. GEA will try to coax investors into buying the diverse sub units of its heat exchanger business as a whole.
