Deutsche Bank has acquired the WestendDuo office tower in Frankfurt from CBRE Global Investors for about €240 million. The German lender also bought an office-development project in Paris, called In Situ, for around €104 million.
Germany
Finland's Tieto inks deal to buy part of Siemens Convergence Creators telecom R&D
Finland-based IT service firm Tieto inked a deal to buy part of Siemens Convergence Creators' telecom research and development (R&D) for an undisclosed sum to strengthen its products portfolio.
Forbes attracts Germany's Axel Springer and other bidders -report
New York, US-based firm Forbes Media attracted the attention of six different bidders including Germany-based multimedia company Axel Springer.
European drugmakers flock to Boston in search for deals- report
Drugmakers from Europe are getting lured to the Boston-Cambridge area as the biotechnology boom makes it the envy of other biotechnolgy hubs in the world, Bloomberg reported.
Volkswagen to introduce SUV in North America as part of $7B investment plan
German-based carmaker Volkswagen intends to introduce a mid-sized sports utility vehicle for its North American market in 2016 as part of its $7 billion investment program, Bloomberg reported.
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Gemany-based eHealth solutions provider CompuGroup Medical AG said it has inked an agreement to acquire France-based software maker Imagine Editions and Imagine Assistance for an undisclosed amount.
McKesson Corporation has sweeten its offer for German counterpart Celesio AG in a bid to win over hedge fund Elliott Management Corporation. McKesson has lifted its bid from €23 per Celesio share to €23.50 apiece.
Citing sources, Bloomberg reported that Germany-based Deutsche Bank had hired Yusof Annuar Yaacob, Malaysia's Chairman for Corporate Finance of Goldman Sachs Group Inc, to become the lender's country head in Malaysia.
Commerzbank is anticipating opportunities to expand its wealth management business after Swiss Credit Suisse Group sold its private bank in Germany to Bethmann Bank last month.
French unions led by the National Union of Autonomous Trade Unions (UNSA) have called on Lufthansa France workers at Charles de Gaulle Airport in Paris to go on strike this weekend. Workers are protesting against outsourcing ground operations, which would threaten 199 jobs.
Volkswagen AG's Audi division said today in a statement that it is aiming to challenge major automobile players in terms of global sales by pouring in €22 billion or $30.3 billion in auto model and technology development through 2018.
India-based integrated components manufacturer Amtek Auto agreed to acquire significant business interests in Germany-based integrated machine manufacturer Kuepper group in a deal reportedly valued at €200 million.
Juergen Weber, the chairman of Hapag-Lloyd AG, said that Hamburg-Sued should participate in merger talks between his company and smaller Chilean shipper Compania Sud Americana de Vapores SA.
China-based construction equipment manufacturer Zoomlion Heavy Industry Science & Technology Co has bought Germany-based dry mortar equipment producer M-Tec, according to a statement on the company's website.
