Temenos, a Swiss financial services software provider, said it completes its acquisition of U.S.-based compliance technology firm TriNovus in addition to its 800 institutional clients.
Europe
BP Pays Back Shareholders US$8 Billion
BP, as promised, returns nearly US$8 billion to its investors through a share buy back program. British oil giant British Petroleum or BP Has announced that starting Friday, it would be conducting a buy back share program in consonance with its promise to reward shareholders after its sale of its interests in TNK-BP.
Barclays Discloses 14.2 Holding in Ziggo
Barclays has decided to declare a 14.2 percent stake in Dutch cable company Ziggo following its failure to find enough buyers for the shares in a sale.
AXA Sets to Close Sale of Private Equity Arm
French insurer AXA is now finalizing the sale of the majority state in its private equity arm to a group of investors in a deal worth about 500 million euros.
Greece Buys Local Cypriot Bank Units
Greece has reached a deal to purchase local units of Cypriot banks in a bid to save Greek banks from the crisis.
Latest News
Dmitry Avdeyev, Rosneft's chief financier, steps down from the position after the Russian oil producer said that it had completed its acquisition of TNK-BP.
Vivendi is planning to spin off SFR. Vivendi is deeply contemplating the separation of its largest subsidiary, SFR from the main company. SFR is the conglomerate's mobile telecoms operator in France.
GEP purchases Bergmann Automotive and forms new entity. In a recent move, the fund German Equity Partners IV has acquired all of the outstanding stock of Bergmann Automotive GmBH.
Armacell bids well below base price set by Investcorp. The sale of Armacell is creating issues as Investocorp's base price could not be reached by the existing bidders.
Renta opting for insolvency protection to schedule debt payments. Share trading for Rental Corporacion, the Spanish property firm, was suspended last Tuesday after reports surfaced that the company's board was contemplating opting for insolvency.
After lengthy discussion, Bietz gives in to proposed share sale. ThyssenKrupp of Germany is in the midst of planning to undertake share sales in an effort to raise Eur1 billion to improve its financial position.
ThyssenKrupp founder's nephew blames Beitz for decline of steelmaker. According to the nephew of ThyssenKrupp's former owner, Alfried Krupp von Bohlen und Halbach, the only person to blame for the decline of the company is Honorary Chairman Berthold Beitz.
Ratos and Bonnier to merge cinema interests in Nordic region. Ratos, the private equity firm and Bonnier the publishing giant has agreed to the merger of their cinema chains Finnkino and SF Bio respectively.
Oktogo.ru receives capital infusion from consortium headed by Victor Sazhin. Oktogo. ru, receives an $11million funding infusion from a new group of venture capitalists.
