The U.K. Business Secretary has outlined their plans for the sale of stocks in the state-owned Royal Mail Group Ltd
Europe
State-controlled bank receives bid from fourth lender
Geniki Bank presents its binding bid for troubled New Hellenic Postbank. Greek lender Geniki Bank confirmed that it has submitted its bid to acquire New Hellenic Postbank.
Patterson Companies acquires stock of National Veterinary Services for GBP87.5 million
Patterson Companies acquired stock of National Veterinary Services for GBP87.5 million. Patterson Companies, Inc. announced that it would be acquiring stocks of National Veterinary Services (NVS).
Serodus merges with Phlogo to expand portfolio
Serodus merges with Phlogo to expand portfolio Serodus ASA announced its plan to merge with Phlogo ApS. The merger would enable Serodus to speed up its commercialization and development strategies.
Fiat and Peugeot to enter into US$900-million delivery van venture
Fiat and Peugeot entered into a US$900-million agreement to improve delivery van models. To cut costs in ageing delivery van models, Fiat SpA and PSA Peugeot Citroen has released its plans to invest more than EUR700 million (US$900 million) on new delivery van models over the next five years.
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Ingersoll said that it could see Allegion reach a market capitalization of US$4 billion. Chief Executive Officer of Ingersoll-Rand Plc, Mike Lamach, said that its security unit, Allegion Plc, could have a market capitalization of around US$4 billion when it starts trading on the exchange later this year.
LVMH Moet Hennessy Louis Vuitton SA bought 80% of Loro Piana SpA making the brothers who led the company billionaires.
Vivus Inc signed an impotence drug deal with Italy's Menarini Group for Eur95 million. Vivus Inc announced that it signed a contract with Italy's Menarini Group worth Eur95 million or US$121.
LBO France sought to sell Groupe Poult by sending marketing materials to potential buyers and waiting for bids until the end of the month.
European governments agreed to release aid for Greece worth Eur3 billion as they continued to seek for enough financial calm.
Scanbio Marine Group buys Biokraft; a deal that will allows them to boost their operational efficiency and enhance their service to the largest aquaculture companies in the world.
Carlyle Group planned to put Applus+ in a stock market listing to take advantage of the stock market's improvement.
Deutsche Annington revived its initial public offering from Eur1.2 billion to just Eur575 million to Eur592 million.
intergenia buys internet24 GmbH to secure its spot as Germany's leader among Cologne based intergenia purchased internet24 GmbH, a German host services provider, in a bid to strengthen its post as one of Germany's top providers of managed hosting.
