Royal KPN NV sells off shares for IPO. Dutch telecommunications giant Royal KPN NV has raised Eur2. 92 billion or US$3. 78 billion in share sale proceeds as investors bought 97.
Europe
Glencore-Xstrata Merger not between Equals
The mining industry's largest merger started off with the unceremonous removal of the Xstrata board by Glencore shareholders.
Dixons to Sell Off PIXmania
Dixons Retail may either sell off or close PIXmania as a business. The second largest electrical goods retailer in Europe, Dixons Retail, said that it was interested in selling off its PIXmania e-commerce business.
Vodafone Partners with Deutsche Telekom for Expanded Services
Vodafone partners with Deutsche Telekom for expanded services for the German market. In a new development, Vodafone would now be able to offer over broadband pay-TV to its German subscribers with the new accord signed with Deutsche Telekom AG.
Rothschild's Five Arrows Concludes First Round
Five Arrows Credit Solutions of Rothschild has concluded its first closure. In an announcement, Rothschild disclosed that its merchant banking arm, Five Arrows Credit Solutions, has concluded its primary closing with the estimated commitment of EUR235 million or US$302.
Latest News
OAO MegaFon issues dividend to shareholders. The second largest Russian mobile operator in terms of revenue, OAO MegaFon, has surpassed its larger competitor OAO Mobile Telesystems in terms of market value after it had pledged to pay out US$1.
Bilfinger SE set to purchase Siemens water business. The second largest construction company in Germany, Bilfinger SE, is now contemplating a bid for the water technologies business being offered for sale by Siemens AG.
The water utilities firm Severn Trent declines the takeover offers but advises deadline as to formal bids.
Inter RAO Lietuva AB reported loss for 2013 first quarter post IPO. Since its trading on the Warsaw bourse last December, Inter RAO Lietuva AB share values has slumped since it reported a 52% drop in its 2013 first quarter.
Bayside Capital and LBO France invest in Consolis. In an announcement today by Bayside Capital, it disclosed that a venture fund administered by Bayside had concluded a venture in Consolis, a renowned European producer of assembled concrete products.
HIG Europe announces its first Nordic investment. H. I. G. Capital's European management group for global private equity, H. I. G. Europe announced today its primary Nordic venture with the purchase of Freedom Finance Nordic, the biggest consumer loan agency that is operational in Finland, Sweden and Norway.
Anacap Financial Partners announced the transfer of Cabot Credit Management to JC Flowers. Europe-based private equity consultant on financial services , AnaCap Financial Partners LLP was delighted to announce the sale of Cabot Credit Management to J.
EFSF appoints BNP Paribas, JP Morgan and Deutsche Bank for unscheduled bond issue. The European Financial Stability Facility announced Wednesday that has appointed BNP Paribas, JP Morgan and Deutsche Bank as joint lead managers for a ten year Euro benchmark bond.
CVC Credit would list CVC Credit Partners European Opportunities Ltd in the London Stock Exchange. Private equity firm the CVC Group is planning to raise Eur300 million or US$389 million from investors through flotation of one of its credit funds.
