Finnish stainless steel maker Outokumpu said it planned to raise 650 million euros ($885 million) through a rights issue and divest assets back to ThyssenKrupp as it looks shore up its finances.
Sectors
Vossloh chairman not eyeing merger with Knorr Bremse -magazine
The chairman and largest shareholder of German rail technology provider Vossloh denied he was planning to delist the company or merge it with his own company Knorr Bremse, which makes rail and commercial vehicle brakes.
U.S. fund managers increase stock holdings in November
U.S. fund managers increased their holdings of stocks in November, riding a global stock market rally that began when the Federal Reserve put off reducing its monetary stimulus.
Repsol, YPF likely to reach deal before year-end -Pemex
A final deal between Repsol and YPF on compensation for the seizure of the Spanish oil major's stake in its Argentine counterpart is likely before the year-end, a Pemex board member at Repsol said in an interview on Saturday.
Co-op Bank wins retail investor approval for rescue
Retail bondholders of Britain's Co-operative Bank have voted in favor of a restructuring to rescue the bank and proceed with its plan to fill a 1.5-billion-pound hole in its capital.
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Brampton Brick Limited today announced that it has entered into an asset purchase agreement to acquire substantially all of the assets of Atlas Block, including its state-of-the-art facility located in Hillsdale, Ontario.
Imvescor Restaurant announced today that a wholly owned subsidiary of Imvescor has acquired the manufacturing facility, customer relationships, the trademark ''Commensal'' as well as all associated retail products marketed under the Commensal brand.
Italian state lender Cassa Depositi e Prestiti (CDP) expects to cash in around 3 billion euros ($4.1 billion) by June 2014 from the sale of minority stakes in gas and power grid networks, two sources with knowledge of the matter said on Friday.
British insurer Aviva Plc and Turkey's Sabanci Holding have mandated Citigroup and HSBC to sell between 20 and 25 percent of Turkish life and pensions joint venture Avivasa Emeklilik & Hayat Sigorta in an initial public offering, two sources told Reuters on Friday.
British media and education group Pearson has agreed to sell its Mergermarket news service for 382 million pounds ($624 million), to invest in its global education business.
Credit Suisse is promoting veteran Swiss investment banker Thomas Gottstein to head up its ultra-rich clients business in Switzerland, highlighting the expertise increasingly sought by private banks to cater to their wealthiest customers.
Jeweller John Hardy is attracting bid interest from a string of U.S. private equity firms, sources close to the matter said, the latest potential deal in a sector outpacing the broader luxury industry thanks in part to financially independent Asian women.
U.S. hedge fund Cerberus has bought a 1 billion euro ($1.4 billion) book of commercial real estate loans from Lloyds Banking Group at a 21 percent discount to their nominal value, the UK bank said on Friday.
Atrium Innovations Inc said a group of investors, including European private equity firm Permira funds, would buy the dietary supplements maker for about C$751.2 million.
