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.
Tags: Germany
Deutsche Bank looks to sell Tilney to Permira
German bank Deutsche Bank AG is reportedly negotiating the sale of Tilney Investment Management to British private equity firm Permira. Permira has beaten other rival bidders for Tilney, including Brown Shipley & Co.
Ireland is Europe's haven for tech startups -survey
According to a research study by Dow Jones & Company, Ireland attracted the most venture capital funding per capita in the European region. The data showed that most Irish tech startups have fared well even during the economic recession.
NamPower to raise USD496 million for grid investment
Namibia Power Corp (NamPower) plans to raise NAD5 billion (USD496 million) to fund the expansion of its transmission networks and power generation over the next five years, according to the firm's managing director.
Bayer preparing acquisition bid for Algeta
German-based pharmaceutical giant Bayer is preparing an acquisition bid amounting to NOK306 (USD49.9) per share for its Norwegian partner Algeta, according to a German newspaper.
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German animal health product supplier Boehringer Ingelheim announced its intention to acquire poultry vaccine maker Lohmann Animal Health.
Austrian property company said its BUWOG unit is buying 18,000 flats in Germany to increase its portfolio.
A partnership was forged between KKR and KUFPEC to bid for the oil and gas subsidiary of DWE, DEA RWEDE.
Germany's SolarWorld engaged in talks to buy car parts supplier Bosch's solar plant in Arnstadt.
Germany's Henkel had made plans to increase sales in MENA for the next few years. Henkel, the German cleaning products manufacturer known for brands such as Persil and Schwarzkopf, has laid out plans to boost sales by 40% in emerging markets such as the Middle East.
Some say the Euro is overvalued while others claim it is not. The founders of the Euro had dreamt of a superpower currency that can go head to head with the US dollar, to free Europe from US economic dependence.
Discussions for the formation of a grand coalition government in Germany had already begun. Talks had begun in Germany for a grand coalition government to be put in place by Christmas.
BaFin had said they would review the whole transaction of RHJI purchase of BHF Bank. BaFin, the German financial watchdog, had announced last Wednesday it would be needing to start from scratch in the review of the sale of Deutsche Bank AG's unit BHF Bank after BlackRock had exited from the auction.
The approval for a bridge loan was given to McKesson to facilitate its acquisition of Celesio AG. The largest pharmaceutical distributor in the United States, McKesson Corp, had recently obtained a USD5.
