Russian Railways sells $1.6bn freight stake
Move completes modern Russia’s ‘largest privatisation deal’ with sale of 25% of Freight One – but the operator seeks to delay further disposals FT.com – European companies…
Metro to offload stores in eastern Europe
German retailer is expected to announce a €1bn deal to sell hypermarkets to Auchan, marking a partial retreat from one of its trouble spots FT.com – European companies…
HypoVereinsbank faces tax probe
Prosecutors have searched the Munich offices of UniCredit’s German subsidiary in connection with share dealing between 2006 and 2008 FT.com – European companies…
Anglo Irish Bank sues Ernst & Young
Lender starts legal action against its former accountant, which audited the bank’s financial returns in years before its nationalisation in 2009 FT.com – European companies…
Clearstream to target Dublin hedge funds
Deutsche Börse targets post-trade operations of international hedge funds based in Ireland as company marks securities processing as key to its growth FT.com – European companies…
Indonesia says Russian Superjet safe to fly
Flagship Sukhoi model receives a boost after a demonstration model crashed into a mountain and threatened the company’s order book FT.com – European companies…
Telecoms group SFR to cut 850 jobs
France’s second-biggest telephone company by sales has said that cuts in its workforce are necessary to ‘save its competitiveness’ FT.com – European companies…
Nestlé health unit seeks Chinese remedy
Swiss food group enters joint venture with traditional Chinese medicine company to develop nutritional ways of dealing with illnesses FT.com – European companies…
Backlash over Mittal’s furnace plans
Indian steel magnate meets the president in an attempt to break deadlock as France shows its fury over planned site closures in the Lorraine region FT.com – European companies…
Mittal experiences ‘annus horribilis’
Montebourg affair will have sparked uncomfortable memories of the verbal battering that Mittal suffered in France during takeover in 2006 of Arcelor FT.com – European companies…
