German pharmaceutical company Merck KGaA will acquire AZ Electronic Materials for GBP1.6 billion. Merck will pay AZ's existing stockholders GBP403.5 in cash for each share.
Tags: Germany
EU joins China, Germany and Norway about the danger of using Bitcoin
The European Union through its European Banking Authority expressed warning similar to China, Germany and Norway regarding the risks associated in using Bitcoins as payment.
Israel's Arad nears deal to acquire majority stake in Mexican water firm
Israeli water meter developer Arad Group is in advanced talks to buy a 50% stake in a Mexican water-measuring company, a Bloomberg report said. The deal is reportedly worth $10 million and is expected to be closed early next year.
Round Hill in advanced talks to sell German residential landlord Vitus
Private equity firm Round Hill Capital is reportedly nearing a deal to exit fromproperty group Vitus Immobilien to Germany's Deutsche Annington Immobilien. The deal is expected to be worth €1.3 billion.
Partners Group buys German frozen food company Hofmann Menu for an undisclosed sum
German frozen food products supplier Hofmann Menu Manufaktur has been sold to Switzerland-based private equity firm Partners Group AG. Financial terms of the deal, however, remains unknown.
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Top executives of shipping companies Compania Sud Americana de Vapores and Hapag-Lloyd were reportedly negotiating a merger deal. Vapores has suffered losses and is seeking for ways to become more competitive.
Germany-based second screen TV startup Wywy announced that it has secured USD7 million in Series B funding for its expansion to Europe and the United States.
Switzerland's Credit Suisse is selling its private customers business to German Bethmann Bank. Under the deal, Bethmann will take over Credit Suisse's 9,000 clients with EUR10 billion assets in Germany.
German medical supplies manufacturer Gerresheimer on Wednesday confirmed that it is no longer vying for UK-based Rexam's healthcare packaging unit. The company said the healthcare business did not fulfill its acquisition requirements.
Ireland's Ryanair on Tuesday announced that it won't participate in Italian airline Alitalia's EUR300 million emergency cash call. Other carriers including Lufthansa, Etihad Airways, Aeroflot and Alitalia shareholder Air France-KLM have also turned down the deal.
Japan's Toshiba Corp. and German real estate major Gagfah SAS entered a joint venture to sell energy directly to residents in Germany. The deal could bring in a revenue of USD184 million to USD233 million to the Japanese conglomerate.
Germany's Douglas Holding AG has began the process of divesting Hussel, the biggest confectionery chain in the country. After being taken private, Douglas committed to actively managing its portfolio through acquisitions and divestments.
German industrial conglomerate ThyssenKrupp AG reportedly plans to put up for sale its 51.5 million new shares in a capital increase. The deal could bring in EUR907 million (USD1.23 billion) to the company.
Gaelectric has received a funding of over EUR90 million from Irish and German sources for its third operating wind farm project in Dunbeg. Earlier this year, the wind farm company nabbed EUR65 million in debt financing.
