Vivendi is said to put the sale of its Brazilian broadband internet company GVT on hold as it faces lower bids than the asking price.
Europe
Sorin Group Finalizes Additional Investment in Enopace Biomedical
Sorin Group and Enopace Biomedical have reached agreement in which the former is provided with the power to acquire the latter in the future.
Bayer Predicts Peak Annual Sales for Xarelto
Bayer AG is predicting that its Xarelto, a drug to prevent stroke, will reach peak annual sales. Bayer AG said it expects Xarelto, its new promising drug for treating and preventing stroke, to reach peak annual sales at the end of the decade, company's chief executive Marijin Dekker said in a statement.
TNK-BP Reports 13% Drop in 2012 Net Profit
TNK-BP has posted 13% decline in net profit for the year 2012 after it agreed to be acquired by Russia's oil producer Rosneft.
Bankia Reports Recovery Signs After Government Bailout
Bankia announced it expects to recover the money it requested to the government for bailout as it sees signs of recovery.
Latest News
Vivendi stops sale of GVT. Vivendi SA of France has shelved the sale of GVT SA, the Brazilian phone and internet company. Bids submitted for the broadband firm are well below the acceptable price of Eur7 billion to Eur8 billion.
Monte dei Paschi is seeking to be bailed out after failing to meet European requirements. Italy's Treasury is waiting for a deadline on March 1 to grant a state bailout worth $3.
The European antitrust regulators have reject the offer of Ryanair to acquire Aer Lingus. The European antitrust regulators have vetoed the third attempt of Ryanair to take over Aer ingus, saying that the Irish low-cost airline had not shown sufficient concessions to relieve issues on its monopoly on 46 routes.
Bankia, the nationalized lender in Spain, is determining how much would its shareholders loss when it receives aid from the European Commission to assist troubled banks.
Vodafone is said to have planned taking over Germany's Kabel after the takeover bid went public.
Man Group revamp seen to buoy Fund recovery. Man Group is depending its future on its fund manager AHL as it reports its current status as the leadership of new CEO Emmanuel Roman begins.
Telecom Italia Media is expected to sell its La7 TV channel but is still in talks to sign the deal. Telecom Italia Media said that it has plans of selling its La7 TV channel to the publishing house in Cairo, Egypt and is still in negotiation of signing the deal, according to two people familiar with the issue.
EADS said it has no longer interest in completing its merger deal with BAE. EADS has said that it has no interest in reviving its deal to merger with BAE system, implying confidence and satisfaction of defense share within its over activities dominated by commercial jet unit Airbus, according to sources close to the matter.
Lloyds deal to sell branches may not push through due to capital deficit with Co-op. The deal that would allow Co-operative Bank to purchase more than 600 branches of the Lloyds Banking Group is under grave threat not to push through.
