Pearson denies plans to sell Financial Times. (Photo : Reuters) Pearson, the British education and media group, through its new CEO reiterated that the Financial Times is not for sale.
Europe
Apache Partners to Launch New Portfolio by March
Apache partners, a UK-based investment advisory firm, will be setting up a fund with main focus equities and fixed income in key markets.
Daimler's Chief Financial Officer Not Expecting 10% Stake CIC Offer
The auto maker is not expecting China Investment Corp. to buy 10% in the company (Photo : Reuters) Bodo Uebber, chief financial officer of Germany's car manufacturer Daimler, said that they are not expecting sovereign wealth fund China Investment Corp.
Richter Reaches New Joint Venture with Rxmidas in China
Richter has said that it has formed a new joint venture with its marketing partner to improve direct presence in the Chinese pharmaceutical market.
Royal Pharma Proposes $11 Per Share to Elan for Tysabri Royalty Rights
Royalty Pharma has been making big approaches to acquire the royalty rights for Tysabri from the Irish drug maker.
Latest News
Vodafone chooses Wirecard for mobile payment services. Wirecard, the biggest payment systems provider in Germany has announced that it has been chosen by Vodafone to carry the mobile carrier's payment system.
ICL purchases Thermphos. Israel Chemicals, the fertilizer and specialty chemicals maker has entered into an agreement to acquire Thermphos International BV.
Villar Mir to make an offer for real estate firm Colonial. Spanish business mogul Juan Miguel Villar Mir is reviewing its position as to the debt saddled real estate company Colonial.
Siemens has been aiming to reduce its stake at Nokia Siemens Networks when its 6-year shareholder agreement with Nokia in April
Italian oil major Eni and Russia's Rosneft have both agreed to develop trading and logistics opportunities.
RBS is expected make sale of a portion of stake in Citizens Financial Group The Royal Bank of Scotland is set to announce its plan to sell a stake portion in Citizens Financial Group Inc.
Rosneft and TNK-BP are expected to sign $55 billion agreement to mark one of the largest acquisitions in the oil industry.
Ferrovial is now seeking for investment opportunities in key markets after it ceased from cutting debts.
Elan profits from Tysabri sale offered to shareholders. Elan, the Irish drug firm has announced it would return US$1 billion to its shareholders from the proceeds of the sale of its stake in multiple sclerosis drug Tysabri to partner Biogen Idec.
