Patrizia led a consortium that won the bid for the luxury property holdings unit of GBW. Patrizia, the German real estate company, announced a consortium it had headed won the bidding for the purchase of rival GBW.

CEDC files Chapter 11 bankruptcy and cedes control to Roustam Tariko. The Central European Distribution Corp of Poland has filed for a pre-packaged bankruptcy in its efforts to decrease its debt load.

Dalian Wanda Group would be acquiring European movie theater chain. The Dalian Wanda Group of China is now discussing the acquisition of a Europe based chain of movie theaters.

UPS appeals EU decision to prohibit merger between TNT Express and UPS. The European Union regulator's decision to reject the Eur5. 16 billion bid by United Parcel Services for TNT Express NV would be appealed.

Cisco acquires Ubiquisys for US$310 million in cash and other incentives. Cisco announced last Monday its intention to acquire Ubiquisys for a value of US$310 million in cash and other incentives.

The merger of the National Bank of Greece and its subsidiary NFG Eurobank is suspended until further notice.

CEDC's creditors voted approval for the Chapter 11 financial plan of the bankrupt company. According to a recent statement from the Central European Distribution Corporation, the creditors of the vodka maker are said to be supportive of the company's restructuring plan.

French transport group Veolia Transdev expects to earn at least 1.3 billion pounds from the sale of assets it had put on sale in Germany, Belgium, Finland and Sweden.

Amongst the plans of Hojiblanca Director General Antonio Luque is to purchase shares of Deoleo, primarily the Bankia stake in the olive oil maker.

EU Olli Rehn provides insight on new EU rules on investor liabilities in bank failures. Under the new European Union law in the works, large bank depositors can take a hit should the bank fail.