Deals

Factbox: Intesa eyes integration, growth after UBI bid succeeds

Factbox: Intesa eyes integration, growth after UBI bid succeeds

Published 28/07/2020

MILAN (Reuters) - Intesa Sanpaolo (ISP.MI) succeeded in its bid for UBI Banca (UBI.MI) on Tuesday after acquiring two thirds of its target’s shares to [more…]

Intesa ups bid for UBI by 18% with cash sweetener

Intesa ups bid for UBI by 18% with cash sweetener

Published 17/07/2020

MILAN (Reuters) - Italy’s Intesa Sanpaolo (ISP.MI) on Friday raised its bid for rival UBI Banca (UBI.MI) by 18%, adding a cash sweetener to secure [more…]

EU regulators again halt probe into Hyundai, Daewoo shipbuilding tie-up

EU regulators again halt probe into Hyundai, Daewoo shipbuilding tie-up

Published 14/07/2020

BRUSSELS (Reuters) - EU antitrust regulators have again halted their investigation into world No. 1 shipbuilding group Hyundai Heavy Industries’ (267250.KS) $1.8 billion merger with [more…]

ECB lowers bar for bank mergers in hope of spurring consolidation

ECB lowers bar for bank mergers in hope of spurring consolidation

Published 01/07/2020

FRANKFURT (Reuters) - The European Central Bank is lowering the bar for bank mergers in the euro zone, hoping to encourage an elusive wave of [more…]

Germany to buy stake in CureVac as world races for COVID-19 vaccine

Germany to buy stake in CureVac as world races for COVID-19 vaccine

Published 15/06/2020

FRANKFURT/BERLIN (Reuters) - Germany will take a stake in unlisted biotech firm CureVac, which is working on a COVID-19 vaccine, Economy Minister Peter Altmaier said [more…]

Lufthansa to sell rest of catering unit LSG in 2020

Lufthansa to sell rest of catering unit LSG in 2020

Published 09/12/2019

BERLIN (Reuters) - Lufthansa (LHAG.DE) will initiate the sale of the parts of its catering unit LSG it is not selling to Switzerland’s Gategroup (GGRUF.PK) [more…]

Saudi Arabia wants OPEC+ to deepen oil cuts due to Aramco IPO

Saudi Arabia wants OPEC+ to deepen oil cuts due to Aramco IPO

Published 02/12/2019

DUBAI/LONDON (Reuters) - OPEC and its allies plan to deepen oil cuts and have the deal in place so it runs at least until June [more…]

De Benedetti plans relaunch of Italian publisher GEDI: newspaper

De Benedetti plans relaunch of Italian publisher GEDI: newspaper

Published 15/10/2019

MILAN (Reuters) - Carlo De Benedetti, at odds with his three sons over the fate of Italy’s GEDI (GEDI.MI), publisher of the La Repubblica and [more…]

Mike Ashley to sell Newcastle to Arab billionaire for $445 million:…

Mike Ashley to sell Newcastle to Arab billionaire for $445 million:…

Published 27/05/2019

(Reuters) - Mike Ashley has agreed to sell Newcastle United to Abu Dhabi’s billionaire Sheikh Khaled bin Zayed Al Nehayan for 350 million pounds ($445.24 [more…]

Hyundai Mobis to spend $2.3 billion on shareholder returns, name…

Hyundai Mobis to spend $2.3 billion on shareholder returns, name…

Published 26/02/2019

SEOUL (Reuters) - Hyundai Mobis Co Ltd, an auto parts affiliate of Hyundai Motor Co, on Tuesday announced a plan to offer shareholder returns worth [more…]