Conergy filed for insolvency after failing to get a deal with an investor who would finance its debts and operations.
Sectors
CEO: Veolia may boost up to Eur5 billion revenue from Oil sector
Veolia Environment anticipated to earn Eur5 billion from the rich and rapidly growing hydrocarbon industry.
Fiat Agrees to Invest in Van Partnership with Peugeot
Fiat SpA and PSA Peugeot Citroen came to an agreement that would allow them to make new delivery vans in Italy.
Lululemon Chairman Seeks to Divest 3.4 Million Worth of Interest Amid Retailer's Problems
Dennis Wilson, the Chairman of Lululemon Athletic is planning to offer 3.4 million shares of the company, reducing his control over the yogawear retailer by 3% as a result.
Loblaw Real Estate Investment Trust raises Can$400 million in IPO
Loblaw, Canada's biggest food retailer raised about Can$400 million for its real estate investment trust in an initial public offering.
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Mark Mobius, CEO of Templeton Emerging Markets Group said that he has considered tapping growth in African emerging markets through private equity investments.
Wits Gold offered Great Basin Gold Ltd. ZAR 950 million though a stockholder loan for its Southgold unit.
A group of wheat growing states joined the US Justice Department antitrust division in investigating a proposed joint venture by ConAgra Foods Inc and Horizon Milling.
On Friday, Vivus Inc said that three of the nine people were recommended to the company’s board of directors by First Manhattan Co’s proxy advisory firm, ISS.
Vodafone Group PLC was expanding its enterprise in Africa with the hope to provide better service in the nation after earning Euro 1 billion.
CleanTech will be changing its name to EQCO2 to better reflect its objectives and operations. CleanTech Transit, Inc. announced that it would change its name to EQCO2, Inc.
EQT hired Morgan Stanley for the sale of Swedegas, a Swedish gas grid operator, for a deal valued at Eur500 million.
British Land Co. bought assets worth GBP470 million equivalent to US$707 million in a land adjacent to London's Paddington Station.
3i and Allianz Capital Partners considered putting the auction for Scandlines on hold after failing to agree on a price with the remaining bidder.
