Germany's Metro AG was reportedly considering to float its 25% stake in Cash & Carry Russia by the end of the first quarter or start of the second quarter of 2014. The initial public offering would take place in London and Moscow.
Germany
Volkswagen reveals EUR84.2 investment plan
Europe's top carmaker Volkswagen (VW) has revealed its plan to invest EUR84.2 billion in the next five years for technology upgrades and modernization of its plants.
Zanox purchases Metrigo
Zanox, a performance advertising network has purchased Hamburg, Germany-based performance display provider Metrigo for an undisclosed sum. Originally, Metrigo was a portfolio company of Berlin-based company builder Project A Ventures.
Uber seen leaving Berlin market with parting of management team
The three-person management team of private limousine service Uber had severed ties with the company six months after the car service company launched its services in the capital of Germany.
SAP debating moves to cloud, may impact 2015 sales target
German enterprise software group SAP announced on Friday that it was debating internally whether to accelerate moving more of its business to the cloud, a quick change in its overall strategy that could have a small impact on its target to grow sales to more than EUR20 billion.
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The following bids, mergers, acquisitions and disposals were reported on Wednesday including Telefonica Deutschland, Devon Energy, Metro AG, Devon Energy Corp and others
Russia's state-run oil firm Rosneft is looking to acquire Morgan Stanley's oil trading business for an unspecified amount. Morgan Stanley has been trying to sell or spin off the said business unit over a year ago.
Deutsche Telekom is nearing an agreement to sell 70% of its stake in German online-classifieds business Scout24 holding. It will be sold to private equity firm Hellman & Friedman in a deal that would value the business at EUR2 billion.
Internet payment platform PayPal forged a partnership deal with car service firm Uber Technologies in a bid to reach modern marketplaces that cater to mobile-savvy customers.
The following bids, mergers, acquisitions and disposals were reported on Monday including Forbes, Axel Springer, MidCap Financial LLC, Goldman Sachs and others.
French elderly care company Korian bought rival Medica for EUR1.1 billion. The post-merger group would become the top nursing home operator in France, Germany and Belgium and second in Italy.
German investment firm DEG bought a stake in Kenyan Chase Bank worth USD10 million. Chase said DEG's investment will be used to finance their expansion, including the creation of new outlets.
A report from the Financial News website said private equity companies were now looking for investments in fossil fuels prompted by large discoveries of shale gas in the US.
Germany-based international car producer Daimler announced a new strategic cooperation agreement with China-based partner automobile seller BAIC Motor that would be signed by both parties on Tuesday.
