Bayer AG purchases Steigerwald for an undisclosed amount. The largest pharmaceutical firm in Germany, Bayer has announced it has agreed to purchase Steigerwald Arzneimittelwek GmbH, a privately owned maker of herbal medications.
Europe
Qatar Holding Invests in Porta Nuova Project
Qatar Holding would be investing in the Porta Nuova Project in Milan. Qatar Holding have announced that it would be acquiring 40% of a US$2. 56 billion real estate project located in Milan, Italy.
Two Chinese firms to be investigated by EU Trade Commission
Huawei and ZTE to be investigated by EU Trade Commission for anti-dumping and anti-subsidy violations.
Syniverse and Mach merger to be approved by EU regulators
Syniverse and Mach agrees to conditions set by EU regulators. Syniverse Technologies, the US telecoms services firm, is preparing for the receipt of the European Union antitrust regulatory approval for the Eur550 million or US$710.
Morrisons Signs 25 year deal with Ocado
Morrisons, the UK supermarket retailer signs 25 year deal with online grocer Ocado. British retail chain Morrison has invested more than GBP200 million for a twenty five year agreement with online grocer Ocado.
Latest News
Dnata purchases shares of Air France-KLM in Servair Airchef. Dnata, the Emirates airline services arm has purchased Air-France KLM's shareholdings in a joint venture catering business in Italy.
When break even price achieved for Lloyds TSB shares, then Britain would be able to divest its shareholdings in the bank.
Erste Group Bank has confirmed the ability to pay off state bailout funds but did not provide a schedule for the same.
Novartis, through its spokesperson, reiterates its statement that it is not interested in bidding for Actavis.
Gagfah is refinancing maturing loans to free up funds for renovations and/or acquisitions. Gagfah, the real estate group from Germany, said that it could increase its capital funding in order to finance renovations for the 145,000 flats currently in its portfolio.
Qatar Holding LLC purchases 40% of Porto Nuovo business district to expand its European real estate holdings.
Reuters reports the backing of a sovereign wealth fund and a UK institution to prop up the business of 3i.
IT-Ernity receives financing support from GMT and VSS. GMT Communications Partners and Veronis Suhler Stevenson announced that they will be teaming up with the firm's management to grant growth finances to IT-Ernity.
The mining industry's largest merger started off with the unceremonous removal of the Xstrata board by Glencore shareholders.
