Italy's third-biggest lender, Banca Monte dei Paschi di Siena, has reached a deal to sell its 60 percent stake in a small unit for around 200 million euros.
Europe
TLG attracts private equity, strategic bidders -sources
Germany's planned sale of 12,000 flats and some commercial properties has attracted private equity and strategic bidders.
EU mergers and takeovers (July 13)
Mergers under review by the European Commission and a brief guide to the EU merger process. The following are mergers under review by the European Commission and a brief guide to the EU merger process:APPROVALS AND WITHDRAWALS-- Private equity firm Permira Europe III to acquire Spain's Telepizza (approved July 13)-- Swedish company Nuvia, which is a subsidiary of French property company Vinci, and Sweden's Coor Services Management Nuclear AB, which is a unit of private equity firm Cinven, to set up a joint venture (approved July 13)NEW LISTINGS-- Swedish private equity investor EQT to buy German bandage and plaster cast maker BSN Medical (notified July 9/deadline Aug.
UPC, private equity eye Poland's Multimedia: sources
Private equity groups and local rival UPC are circling Multimedia Polska MULPO.UL Private equity groups and local rival UPC are circling Multimedia Polska MULPO.
KKR to buy Germany's WMF for at least $727 million
Buyout firm KKR (KKR.N) is set to buy German cutlery and coffee machines maker WMF AG (WMFG.F) for at least 587 million euros ($727 million).
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A Hong Kong investor will plough about 480 million pounds ($751 million) into a development in east London's Greenwich peninsula to take a majority stake in the 150-acre scheme.
British buyout group Melrose Plc is in talks to buy German utility-meter maker Elster Group SE in a deal worth $2.3 billion.
EU antitrust regulators are expected to set out their objections to Universal Music Group's $1.9 billion bid for rival EMI's recorded music unit in the coming days.
Starved of finance from hard-pressed banks, private equity firms in Europe are sounding out yield-hungry pension funds, insurers and sovereign wealth funds as alternative sources of the finance they need to do deals.
A planned cash injection into French set-top box maker Technicolor SA (TCH.PA) hit a snag on Monday as the group said it had rejected a higher offer from an investment fund.
Sweden is to close a loophole used by private equity groups and others to avoid tax. Sweden is to close a loophole used by private equity groups and others to avoid tax, the government said on Friday, provoking criticism from the main business lobby.
Europe's traditional phone companies are about to face more competition from a group of Nordic start-ups that will offer low-cost mobile calls and other services.
European citizens, concerned about the deepening euro zone crisis, are flocking to New York to buy real estate as safe assets.
A flock of "vulture" funds is gathering in Madrid in the hope that a banking sector shakeout will finally deliver a bonanza of real estate and distressed company assets at rock bottom prices.
