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CVC Capital Partners seeks cash injection for Italian pharma group

The private equity business is reported to be looking for a buyer to take on its majority stake in Genetic Group, an Italian pharmaceutical contract manufacturing company.

Business

Rio Tinto takes big battery metal step with Arcadium Lithium purchase

The purchase is seen as an attempt to boost its lithium portfolio and strengthen its position as the transition towards green energy continues.

Europe News

Seeking significant growth, Euronext hails EU merger softening

The pan-European stock exchange hopes antitrust officials will cut it some slack as it chases global ambitions.

Business

Denmark's DSV raises €5bn in share sale to fund Schenker acquisition

The Danish logistics company is raising funds to buy Schenker, the logistics unit of German state railway Deutsche Bahn.

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Business

Commerzbank in larger payout pledge ahead of UniCredit talks

The German lender is lifting profit targets and shareholder rewards as Italy's UniCredit contemplates a merger.

Business

Takeover target Commerzbank gets new CEO as UniCredit circles

Bettina Orlopp is to replace Manfred Knof 'in the near future'. The news comes days after Italian bank UniCredit revealed it had increased its stake in Commerzbank from around 9% to 21%, subject to regulatory approval.

Business

UniCredit raises stake in Germany's Commerzbank to 21%

If the deal wins approval, it will make the Italian bank Commerzbank's largest shareholder - to the dismay of the German government.

Business

Denmark's DSV secures Deutsche Bahn unit despite union resistance

DSV will become the world's largest logistics company thanks to the acquisition.

Business

DSV in talks to buy Deutsche Bahn unit amid bidding war with CVC

The €14bn deal still has to be approved by the supervisory board of Germany's state railway.

Business

Recovering firm Thomas Cook acquired by Polish travel group eSky

Polish travel group eSky has agreed a deal to buy Thomas Cook, the world’s oldest travel brand, from its current Chinese owner, Fosun, just as it gets back on its feet.

Business

Turkish firm buys company formerly owned by fallen business tycoon

Sabanci Holdings has bought a majority stake in Mannok, once the prized firm of Seán Quinn - and since a victim of several attacks and sabotage attempts.

Business

Deutsche Bank settles 60% of claims in long-running legal dispute

The German lender has been dealing with disgruntled shareholders since its acquisition of Postbank fourteen years ago. Now, it claims to have made "significant progress".

Business

German energy firms gridlocked after state U-turn on buy-in plans

The state has abandoned plans to buy part of TenneT, which operates Germany's biggest power grid network. The U-turn has spooked energy firms EnBW and RWE.

Business

Bouygues Telecom gets green light for La Poste Telecom takeover

The French Competition Authority rules Bouygues Telecom's acquisition of mobile network operator La Poste Telecom will not be a risk to competition.

Business

Air Antilles takes off again in relaunch following 2023 liquidation

Air Antilles is being relaunched under a new partnership between the French engineering company EDEIS group and the Collectivité de Saint-Martin.

Europe News

Industrial policy emerges as key battleground for economic MEPs

Committee chair Aurore Lalucq worries about competition from the US and China – while others fear a subsidy free-for-all.

Business

Carlsberg taps into Gen-Z's sweet tooth with Britvic buy

The Danish brewer's offer to build a UK beverage powerhouse has finally been accepted after two failed bids.

Europe News

Up, up and away! Lufthansa secures EU nod to buy stake in ITA Airways

The European Union says that a merger between the two airlines will not breach antitrust rules.

Business

ABN Amro buys German bank Hauck Aufhäuser Lampe

Dutch lender ABN Amro announced on Tuesday that it would buy the private German bank Hauck Aufhäuser Lampe (HAL) from the Chinese conglomerate Fosun.

Business

BBVA-Sabadell potential merger: A sign of things to come?

BBVA's merger proposal to Banco Sabadell could transform the eurozone banking sector, potentially boosting BBVA's assets to more than $1 trillion and making it the third-largest eurozone bank according to market value.