Surgutneftgas announces US$29 billion cash pile amidst a tangled web of financial reporting information.
Europe
Emma Delta Increases Bid for OPAP
Emma Delta, as required by the Athens government, increases its bid for OPAP, the Greek gambling monopoly.
Ecclesiastical Appoints Hews as CEO
From the position of Executive Director and CFO, Mark Hews rises to become CEO replacing Michael Tripp.
Vivendi Chairman Steadfast in Strategic Plan
Despite calls for his resignation, Vivendi Chairman Fortou remains steadfast in his plans for the company.
FF&P Private Equity Supports the Management Buyout of FIT
FIT's management buyout plan supported by FF&P Private Equity and acquirer EEMG. The private equity arm of Fleming Family and Partners, FF&P Private Equity has supported the buy-in management buyout of FIT, the specialist energy efficiency business.
Latest News
Unicredit seeks to buy back Eur4.24 billion to lessen debt in the next five years. Unicredit has purchased senior notes worth Eur4. 24 billion or US$5.
Generali reiterates sale of BSI and Generali USA to shore up capital reserves for Generali CEO Mario Greco.
BBVA Tier 1 bond has been made and called by many potential investors. The second largest bank in Spain, BBVA has received orders for over US$5 billion for the bank's additional Tier 1 non-callable perpetual five year bond.
Clariant is seeking a partner or funding to finance its second generation bioethanol plant. Clariant AG is preparing to be in bed with a partner to help raise funding for its second generation bioethanol plant.
Best Buy, in a cost cutting move, has dissolved the partnership with Carphone Warehouse Group. The GBP 500 million or the US$775 million sale is an indicator that Best Buy, the world's biggest consumer electronics chain would be scaling back its operations overseas to focus on US business.
The British government's ownership sale over Lloyds Bank is now being awaited when shares hit 61 pence or more.
Opsona Therapeutics raises US$44 million for OPN-305. Opsona Therapeutics has raised Eur33 million or US$43 million in Series C financing that was oversubscribed.
KKR,because of the dearth of bank loans in Spain, loans money to Uralita. The asset management division of Kohleberg Kravis Roberts & Co LP granted a Eur320 million or US$419 million to Spain's Uralita SA.
Belgium and Ageas sells off Royal Park Investments interest. Reuters wrote that in the interest of lessening its debt, Belgium sold its structured credit portfolio invested in Royal Park Investments.
