Alstom forges ahead with $13.5bn GE deal
French group backs .5bn US cash bid despite government objections, leaving the door open for a German counter-strike by Siemens European Companies News…
Rolls-Royce nears £1bn energy unit sale
Any deal would exclude the nuclear power business, which is part of the division and designs and builds reactors for the Royal Navy’s submarines European Companies News…
Santander offers €4.7bn for Brazil stake
The Spanish bank reverses its strategy of spinning off local units in a strategic shift that reflects confidence in emerging markets European Companies News…
Siemens to make formal offer for Alstom
German group says it will counter a rival bid from GE, as the French government pressures all parties to take at least a month to bid European Companies News…
Sanofi CEO touts organic growth strategy
France’s biggest drugmaker has been touted by some analysts as a potential counter-bidder for AstraZeneca but it says it will focus on organic growth European Companies News…
Nokia unveils Suri as new chief executive
Just days after completing the €5.4bn sale of its once dominant handset business to Microsoft Nokia has said it will return €3bn to shareholders in dividends and share buybacks and…
Banks stress-tested for housing slump
Under PRA scenario, hypothetical declines of about 35% in residential property prices are expected to be triggered by a sharp rise in interest rates European Companies News…
Bayer expected to focus on life sciences
Analysts have long expected Bayer to dispose of its plastics division to streamline the company. Over the weekend, the German group was reported to be exploring a sale European Companies…
Air Berlin restructuring aims for €450m
Struggling low-cost carrier turns to existing investors with a bond proposal that aims to raise funds without changing the ownership structure European Companies News…
Gunvor secures new credit facilities
The Swiss-based oil trader has received 0m of commitments for new borrowing facilities to help finance its expansion plans in Asia European Companies News…
