H&M is set to open new stores to address market demand in growing markets. Hennes & Mauritz is planning to spend about Eur100 million to establish around 50 stores in India.
Europe
Austria to Relax Bank Secrecy Laws
Austria is now in the midst of forging an agreement to provide other EU countries data swaps to crack down on tax evaders.
Norway's Sovereign Wealth Fund To Become More Active
With interests in Volvo and other corporations, the sovereign wealth fund of Norway seeks to be more active in its deals and management.
Klovern AB issues new bonds to market
Klovern AB issues new bonds pegged at three months STIBOR plus 4% due on 2017 with a volume of SEK 500 million.
OBAS Acquires Rieber and Son
Orkla Brands SA has purchased 90.11% shareholdings in Riber and Son ASA and is required to purchase all other outstanding shares.
Latest News
Russia's Merchel Steel has halted the offer for sales of its assets. Russian steel firm Mechel has withdrawn its offer to sell off 25% of its mining division due to tepid market conditions.
A total of 27 million shares would be sold off to allow the exit of Cinven and Warburg Pincus from Ziggo, the cable firm.
ING Groep NV, in its move to cut back operations, sells off custody services in several central and eastern European countries.
Telenor Serbia and Societe Generale Srbijia would divvy up assets of KBC Banka. KBC, the banking and insurance group from Belgium, announced that it had agreed to sell its Serbian subsidiary KBC Banka.
ThyssenKrupp, because of declining demand and low priced competition, is selling off assets in the Americas to
The Greece National Bank would be selling 12% of its share offering to private placement. The largest lender in Greece, the National Bank, is aiming to sell at least 12% of its Eur9.
GSK to sell off Lucozade and Ribena. GlaxoSmithKline (GSK) is going to sell its soft drink brands Ribena and Lucozade. The decision may result in GBP1.
In a warning report, Reuters has found that debt issuances by companies have reached near 2007 levels.
The fashion website Zalando continues in its growth path leaving the competition behind. German online retailer Zalando has announced that their firm would keep its focus in getting core markets to break a profit despite speculation that the fashion website would be listing itself by early 2014.
