Appeals by hedge funds against Porsche actions withdrawn in the US but case continues in Germany. In a recent move, a consortium of hedge funds has dropped their appeal in US courts but continue their case in Germany.
Europe
ENI declining Saipem Spin-off
ENI denies rumors and reaffirms official stands through Chairman Giuseppe Rechhi. The Italian state oil company ENI has not table any plan to consider the spin-off of its services unit, Saipem.
Shareholders at Talvivaara Raise Cash for Mine
Shareholders respond to call for more funds for Talvivaara. Talvivaara, the nickel mining company from Finland has asked its shareholders for Eur261 million to pay for the cost of keeping the mine running in light of its penalties from a waste water leak incident.
Centrica Taps U.S. Firms for LNG Deal
Centrica is in talks with U.S. LNG Players to secure UK long-term liquefied natural gas import deal.
UK Nods Coca-Cola Hellenic's Share Swap Plan
Coca-Cola Hellenic's plan to shift its base to Switzerland from Greece has been approved by authorities.
Latest News
CNPC to purchase ENI's twenty percent share in Mozambique gas project. China's largest oil company, the China National Petroleum Corporation is deep in discussions with ENI SpA for the purchase of a stake in the Mozambique gas project.
Royalty Pharma offers US$6.6 billion for Elan purchase. In a standoff, Royalty Pharma has reiterated its offer to purchase Elan, the Irish pharmaceutical firm on the same terms despite being previously rejected.
LSE Group increases shares in LCH Clearnet. The London Stock Exchange Group has forwarded a revised offer amounting to Eur328 million cash to purchase the majority stake in LCH Clearnet.
Adidas removes for sale sign for hockey business and recommits to Reebok. Amidst lukewarm offers for its hockey business, Adidas AG has chosen to remove this subsidiary from the market.
Rosneft to start with oil for loan deal with Glencore and Vitol. Russian crude oil conglomerate Rosneft has entered into separate long term crude supply contracts with Glencore International and Vitol for supplies amounting to 67.
The U.S. largest auto supplier is rejecting speculations that it is planning to sell its automotive interiors business, saying it is actually looking forward for the sale of automotive electronics unit.
Investor AB pays for 45 kronor per share of six million shares of Active Biotech. Active Biotech AB's share values rose to its highest levels after an 8% stake in the company was purchased by AB.
The Turkish flag carrier is still in negotiation with Airbus and Boeing over its plan to order a number of narrow-body aircraft as it aims to increase the number of increase smaller plans this year.
ING completes transfer of ING Groep NV's transfer to Barclays. ING Groep NV's sale has been completed by ING Direct UK to Barclays Bank. The cost of the transaction would be Eur280 million for the first quarter of 2013 and total loss would be Eur260 million compared to expected returns of Eur320 million.
