Turkish snack group eyes global expansion
Simit Sarayi, a pastry and tea chain that translates as ‘bagel palace’, is in talks with Los Angeles-based Colony Capital and Dubai’s Abraaj Capital FT.com – European companies…
Sabanci eyes IPO of AvivaSA pensions unit
Turkish finance-to-energy conglomerate planning a share issue next year of pensions group held jointly with Aviva UK after legislation to boost sector FT.com – European companies…
ICG surpasses target with €2.5bn fund
Provider of mezzanine financing is now providing finances such as senior debt to European companies, an area traditionally occupied by banks FT.com – European companies…
EU berates China over steel subsidies
The EU executive arm in a report said Beijing was helping makers of organic coated steel to obtain raw materials at below market prices FT.com – European companies…
SKF to axe jobs as Europe markets weaken
New data on Monday showed European industrial output fell in November by 0.3% compared with the previous month, according to Eurostat FT.com – European companies…
Austerity leaves John Smith’s weaker
Brewer waters down its beer in response to rising costs and reduced consumption in move that will save owner Heineken £6.6m in annual duty FT.com – European companies…
New chief seeks ‘revolution’ at Generali
Mario Greco sets out plan to cut costs, raise €4bn through asset sales, and increase insurer’s exposure to property and casualty insurance FT.com – European companies…
UBS rehires seasoned dealmaker
Piero Novelli is to lead UBS’s investment bank, indicating a move towards a client centred approach and away from high risk, capital intensive businesses FT.com – European companies…
No VW plant closures despite overcapacity
Chief executive says Volkswagen has no plans to close European factories, despite acknowledging significant overcapacity in the continent’s industry FT.com – European companies…
Iberdrola rethink on Scottish Power sale
Spanish group scraps a plan to auction off part of the division as it makes better than expected progress in a planned €2bn asset disposal programme FT.com – European companies…
