The UK government together with the auto industry is investing US $1.5 billion to fund research. The British government together with 27 firms from the auto industry will finance a research center amounting to US $1.
Europe
Beatson Clark receives funding from Regional Growth Fund
Glass manufacturer Beatson Clark received backing from Regional Growth Fund. Beatson Clark, a glass manufacturing company, announced that it has received up to GBP1.
KNOT Offshore Partners LP acquires Carmen Knutsen
KNOT Offshore Partners LP purchased Carmen Knutsen for US$45.4 million with financing for its current bank debt.
CNP receives substantial Asian offers for capital deals
CNP Assurances drew support from Asian private banks for capital deals. This week, CNP Assurances initiated a much-needed upsurge to the dollar Reg S market.
GLG postpones IPO of Sibanthracite
The IPO, which would have been the first in the UK involving a Russian company this year, was postponed due to market conditions and investor sentiment.
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Walker Crips set a date for the launch of the country's first ever regulated bridging finance fund.
Invensys recieved a buyout offer of GBP3.3 billion from a French firm. Invensys yesterday declared it has received a GBP3. 3 billion buyout bid from Schneider Electric, a French conglomerate.
Stocks for Swedish Match rose after talks of a possible takeover by Imperial Tobacco Group Plc Swedish Match AB stocks rose after reports that the company may be a possible takeover target.
Grohe received expression of interests from two potential buyers that would take part in the company's proposed sale.
3i Group's stock value hit its highest since 2007. 3i Group's shares closed at a 4-year high as investors proceed to buy into 3i Group's turnaround strategy.
RWE and Qatar are currently holding talks about possible purchase of RWE's DEA oil and gas exploration and production unit.
Lloyds Banking Group shares set to be sold to retail investors Lloyds Banking Group announced that half of the government's GBP18 billion stakes in Lloyds is expected to be sold to retail investors.
French Crédit Agricole and its investment bank unit asked employees to cut costs. French bank Crédit Agricole launched a program to cut its costs by sending members of its investment-banking unit a memo to reduce travel, lodging, meal expenditures.
Zurich Financial Services sold its shares in New Life China Insurance Co Ltd for US283 billion Zurich Financial Services AG announced that they have sold US$283 million worth of shares in New China Life Insurance Co Ltd.
