News

Thu, 21 Mar 2019 10:24:40 GMT

Maus Freres considers buying The Kooples

Switzerland's Maus Freres has entered talks to take the French clothing brand The Kooples private after it had acquired another French sportswear label Lacoste in 2012.

Thu, 21 Mar 2019 09:39:32 GMT

El.En. Has no plans for majority stake sale

El.En., Italy's laser equipment producer, raised interest form some investment funds, but the company's top executive has no plans for selling a majority stake, he said to Reuters.

Thu, 21 Mar 2019 09:35:00 GMT

Nine West avoids bankruptcy as "Premier Brands"

On Wednesday, Nine West Holdings, the footwear and apparel firm, had escaped from bankruptcy, after it had filed for the Chapter 11 almost a year ago, with the "new" company called Premier Brands Group.

Thu, 21 Mar 2019 08:30:14 GMT

Bertarelli behicle to acquire France's Stallergenes

France's healthcare firm Stallergenes agreed to a €730M takeover offer made by the Swiss billionaire Ernesto Bertarelli's Waypoint vehicle, offering €37 in cash per share.

Thu, 21 Mar 2019 08:20:39 GMT

Australia's Navitas agrees to be bought for $1.49B

On Thursday, Australia's adult education company Navitas stated its board had agreed to be acquired by a consortium that comprised the founder and private equity firm.

Thu, 21 Mar 2019 07:38:45 GMT

Medco to buy Ophir in sweetened bid

Ophir Energy has agreed to be taken over by Indonesia's gas and oil group Medco, after it had sweetened the all-cash bid to $539M, the London-listed company announced on Wednesday.

Thu, 21 Mar 2019 07:29:51 GMT

Brazil's Neoenergia picks banks for IPO

Neoenergia, the Brazilian power company, has hired Banc of America, Banco do Brasil and JPMorgan Chase & Co to lead the initial public offering, scheduled for this year's first half.

Thu, 21 Mar 2019 06:37:51 GMT

Indonesia's Lion Air prepares for $1.0B IPO

Indonesia's carrier Lion Air is getting ready for its $1.0B worth initial public offering, seeking to move past October's fatal crash that claimed lives of 189 people, according to a Bloomberg report published on Thursday.

Thu, 21 Mar 2019 06:35:33 GMT

Elior seeks selling its concessions catering

France's Elior Group launched exclusive talks on Wednesday with the EU private equity group PAI Partners over a possible sale of the French company's concession catering business.

Thu, 21 Mar 2019 05:37:01 GMT

US start-up Fastly prepares IPO this year

The US cloud services provider Fastly has hired Bank of America as a leader for its planned initial public offering this year that could value the US start-up at over $1.0B.

Thu, 21 Mar 2019 05:32:27 GMT

Levi Strauss fetches higher-than-expected price in IPO

Levi Strauss was valued at $6.6B in its Wednesday's IPO, marking the valuation above the target, and selling $623.3M of shares, as the US jeans maker seeks to come back to the stock market following 34 years of being the family-owned group.

Wed, 20 Mar 2019 21:35:32 GMT

Spirit Aero gets EU approval for Asco purchase

On Wednesday, Spirit Aerosystems, the US aircraft parts manufacturer, has won the conditional EU approval to acquire Asco Industries, after it agreed to modify the Airbus-backed joint venture to eliminate any competition concerns.

Wed, 20 Mar 2019 21:29:02 GMT

Nexstar plans 19 stations sale for $1.3B

Nexstar Media Group is planning to sell 19 TV stations to E.W. Scripps and Tegna Inc in a deal worth $1.3B to meet regulatory demands, as it seeks to complete Tribune Media acquisition, the company stated on Wednesday.

Wed, 20 Mar 2019 20:39:26 GMT

Boeing appoints Slattery to lead new JV with Embraer

Boeing has appointed John Slattery as Chief Executive Officer to lead the new joint venture created with the Brazilian planemaker Embraer, Boeing confirmed on Wednesday.

Wed, 20 Mar 2019 20:33:09 GMT

Vodafone likely to get EU warning on Liberty deal

Vodafone is likely to receive the European regulator warning regarding its $22B deal to acquire Liberty Global's EU and German assets, as it raised some competition concerns, sources with a knowledge of the matter reported on Wednesday.

Wed, 20 Mar 2019 19:26:55 GMT

Peel Ports expands workforce amid Brexit uncertainty

The privately held Peel Ports has launched its workforce expansion mostly in Liverpool and is planning new acquisition deals this year on the back of the the growing trade uncertainty caused by Brexit.

Wed, 20 Mar 2019 19:25:46 GMT

Volvo to install in-car sensors to detect drunk drivers

The Swedish carmaker Volvo is set to install sensors and cameras in its vehicles by 2020s that will help prevent accidents caused by drunk driving by detecting the signs of a driver being drunk, as the company seeks to keep focusing on safety.

Wed, 20 Mar 2019 18:14:58 GMT

Global equity markets decline before FOMC decision

On Wednesday, global equity markets are likely to end the longest rally of 2019, as investors took profits before the US Federal Reserve monetary policy decision.

Wed, 20 Mar 2019 18:14:49 GMT

New Zealand's Foreign Minister Peters to visit Turkey

The New Zealand Foreign Minister Winston Peters would travel to Turkey on Wednesday to seek for an answer from Turkey's President Tayyip Erdogan about the mosque shooting remarks.

Wed, 20 Mar 2019 17:07:02 GMT

US crude oil prices reach 2019 high

The US crude oil prices surged to four months high on Wednesday, as data showed the impact of the OPEC production cuts.

Wed, 20 Mar 2019 17:06:40 GMT

EU's Antitrust Commission fines Google of $1.7B

The European Union Antitrust Commission fined Alphabet's Google $1.7 billion on Wednesday for search ad blocks. The third largest EU antitrust penalty in two years.

Wed, 20 Mar 2019 16:16:20 GMT

Sweden's automaker Volvo to add in-car sensors

Sweden's automaker Volvo plans to install sensors and cameras in its vehicles from the beginning of the 2020s to monitor drivers for hints of being drunk.

Wed, 20 Mar 2019 16:14:50 GMT

Talks between Exxon and Algeria to tap shale gas have stopped

According to sources with knowledge of the matter, Exxon Mobil's discussions to tap Algeria's natural gas have stalled due to unrest.

Wed, 20 Mar 2019 14:42:50 GMT

Theresa May requests Brexit extension

The Prime Minister of the United Kingdom on Wednesday requested a three-month extension to the Brexit. The request faced immediate opposition from the EU and beat down the GBP/USD by 100 base points.

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