Colfax has picked Goldman Sachs to lead its sale process of the gas and air handling Howden business, as part of the company's plan to shift focus on medical devices industry.
The German utility EWE is considering a stake sale potentially worth up to $1.8B in this year's second half, the company's CEO stated on Tuesday, adding the firm is open to foreign investors.
Two bidders for the mobile operator M1, Keppel and Singapore Press Holdings, stated on Tuesday they had no intention to increase price for their offer to gain the majority control of the company.
China's tire producer Roadbot is set to make a $614M investment into construction of its plant in Abu Dhabi, marking another sign of the Chinese strengthening economic ties with the UAE.
On Tuesday, the German labour union Verdi spoke out against any potential merger deal between Germany's two largest banks – Commerzbank and Deutsche Bank.
The preferred bidders for the French company Elior's Areas business unit are seen to be nominated by the beginning of March; potentially among the list of more than ten private equity firms, which had already submitted their offers.
Russia's coal and steel producer Mechel has finalised its restructuring of the $1.0B syndicated pre-export loan, the company announced on Tuesday.
Daimler's Mercedes-Benz Cars is set to launch electric batteries production in Poland's Jawor amid company's intention to accelerate its investments into e-batteries in the near future.
The carmaker Renault is planning to hold a board meeting scheduled for January 24, seeking to discuss the former executive Carlos Ghosn's succession, after he had faced financial crimes allegations.
The United Stated is set to formally seek extradition of Huawei's executive Meng Wanzhou from Canada, the Canadian ambassador for the US stated on Tuesday, as China vowed to respond to White House's actions.
On Tuesday, London Stock Exchange announced its technology would be used by Hong Kong's AAX for cryptocurrency trading platform, allowing the UK exchange operator to enter the crypto-industry.
Canadian former spy chief called on the country to ban the Chinese tech giant Huawei Technologies from supplying its equipment to Canada's 5G networks amid serious security risks.
Logitech International has increased its full-year profit estimates on Tuesday, following a report on the company's strong results in the gaming hardware business, which beat the Q3 expectations.
On Tuesday, Huawei's Chairman Liang Hua stated the tech giant would let foreign officials see its labs, as the Chinese group faces allegations that its products could be harnessed for espionage.
Italy's Autogrill has made an offer for Elior's motorway, railways and airport catering services, according to a Reuters report published on Tuesday.
The Australian competition regulator delayed its decision making on approval of the $10.68B worth merger between TPG Telecom and the British Vodafone Group's local unit, as the deal had raised concerns in December.
A survey of German investors published on Tuesday revealed that German investor morale and future outlook has improved during the last month. It indicates that investors in Europe are not preparing for a market decline.
On Tuesday, it was revealed that the electric vehicle maker Tesla is holding talks with Tianjin Lishen about supplying batteries to Tesla's Shanghai gigafactory. The news boosted the value of the supplier.
On Tuesday, the Dutch digital maps and navigation company TomTom stated it would sell its Telenatics fleet management unit to the Japanese firm Bridgestone in a $1.03B deal.
The Taiwanese assembler of Apple's iPhones, Foxconn, announced in Tuesday it had been trying to hire for over 50K people across China for the Q1 due to reports about mass lay-offs.
Close Brothers Group is expecting solid results for the British lender's fiscal half year, as its banking division's loan growth compensated the lower volumes at the firm's market maker unit.
On Tuesday, Hugo Boss reported a 6% rise to $889M in its key Christmas quarter, driven by robust growth in Britain, France and China, and forecast more expansion in the new year.
On Tuesday, Vienna Airport reported an 11.3% surge in passengers for the last year to its record-high of 34.4M.
Jupiter Asset Management has appointed Andrew Formica as a successor to the company's Chief Executive Maarten Slendebroek, after he announced his resignation set for March 1.