Conergy filed for insolvency after failing to get a deal with an investor who would finance its debts and operations.
Deals
CEO: Veolia may boost up to Eur5 billion revenue from Oil sector
Veolia Environment anticipated to earn Eur5 billion from the rich and rapidly growing hydrocarbon industry.
Fiat Agrees to Invest in Van Partnership with Peugeot
Fiat SpA and PSA Peugeot Citroen came to an agreement that would allow them to make new delivery vans in Italy.
Lululemon Chairman Seeks to Divest 3.4 Million Worth of Interest Amid Retailer's Problems
Dennis Wilson, the Chairman of Lululemon Athletic is planning to offer 3.4 million shares of the company, reducing his control over the yogawear retailer by 3% as a result.
Bell Media Acquires Astral, Appoints New Top Execs
Bell Media acquired Astral and appointed new top executives. Bell Media officially acquired Astral Media Inc. for Can$3. 2 billion. The acquisition included two over-the-air TV stations, 77 radio stations, eight pay and specialty TV services, and last but not least, the Astral's out-of-home division.
Latest News
Mark Mobius, CEO of Templeton Emerging Markets Group said that he has considered tapping growth in African emerging markets through private equity investments.
Wits Gold offered Great Basin Gold Ltd. ZAR 950 million though a stockholder loan for its Southgold unit.
A group of wheat growing states joined the US Justice Department antitrust division in investigating a proposed joint venture by ConAgra Foods Inc and Horizon Milling.
Vodafone Group PLC was expanding its enterprise in Africa with the hope to provide better service in the nation after earning Euro 1 billion.
CleanTech will be changing its name to EQCO2 to better reflect its objectives and operations. CleanTech Transit, Inc. announced that it would change its name to EQCO2, Inc.
EQT hired Morgan Stanley for the sale of Swedegas, a Swedish gas grid operator, for a deal valued at Eur500 million.
British Land Co. bought assets worth GBP470 million equivalent to US$707 million in a land adjacent to London's Paddington Station.
3i and Allianz Capital Partners considered putting the auction for Scandlines on hold after failing to agree on a price with the remaining bidder.
Banks computed risks differently, according to Basel Committee. The Basel Committee said that results of its study show variations in how 100 banks compute risk.
