Italy moves to protect national champions
Siemens’ offer to buy AnsaldoEnergia has put Mario Monti’s government under pressure to step in to keep the power plant producer in domestic hands FT.com – European companies…
Russia opts for market forces over export ban
High prices have depressed wheat exports alleviating worries about overseas sales restrictions FT.com – European companies…
Investors in push for greener oil sands
There are still widespread concerns about environmental effects of oil sands production, reflected in threats such as the opposition to Keystone XL FT.com – European companies…
EU bank supervisor – unfinished business
In spite of the commitment to a legal framework for a single overseer by year-end, the bank-sovereign loop is still far from being broken FT.com – European companies…
BP to sell TNK-BP stake to Rosneft
Board approves $ 27bn deal with Kremlin-backed national energy champion, which should seal the UK group’s future in Russia for decades to come FT.com – European companies…
Suez and Veolia held merger talks
The French utilities tentatively discussed a deal before deciding it would face too many political and competition hurdles, according to people close to the talks FT.com – European companies…
BP board weighs up Rosneft offer
Bob Dudley, chief executive, briefed fellow directors on options in Russia as it considered the Russian group’s bid for its stake in TNK-BP FT.com – European companies…
Piraeus Bank buys SocGen Greek arm
Sale of Geniki Bank, which will get €444m in fresh capital from Société Générale, will result in a net loss of €100m for the French lender FT.com – European companies…
Brussels objects to UPS and TNT merger
Statement of objections had been expected since EC announced merger would be subjected to an extra stage of review over competition concerns FT.com – European companies…
ETF providers eye Credit Suisse business
Possible sale of Credit Suisse’s ETF business is further evidence that investment banks in Europe are reconsidering the role of ETFs in their overall operations FT.com – European companies…
