Erste Group Bank has confirmed the ability to pay off state bailout funds but did not provide a schedule for the same.
Deals
Dell Reported Profit Decline
Dell reported decline in its profits. Dell Inc has reported a 79% decline in its profits as sales for personal computers continued to contract in the face of greater demand for mobile devices.
Bayer AG purchases family owned Steigerwald
Bayer AG purchases Steigerwald for an undisclosed amount. The largest pharmaceutical firm in Germany, Bayer has announced it has agreed to purchase Steigerwald Arzneimittelwek GmbH, a privately owned maker of herbal medications.
Dnata Buys Out JV Partner in Servair Airchef
Dnata purchases shares of Air France-KLM in Servair Airchef. Dnata, the Emirates airline services arm has purchased Air-France KLM's shareholdings in a joint venture catering business in Italy.
Lloyds TSB shares nearing break even price for Britain
When break even price achieved for Lloyds TSB shares, then Britain would be able to divest its shareholdings in the bank.
Latest News
Telus Corp buys Mobilicity for the hefty sum of Can$380 million or US$370 million. One of the largest wireless phone companies in Canada, Telus Corp, announced Thursday that it would purchasing Mobilicity for the cost of Can$380 million or US$370 million.
Novartis, through its spokesperson, reiterates its statement that it is not interested in bidding for Actavis.
Gagfah is refinancing maturing loans to free up funds for renovations and/or acquisitions. Gagfah, the real estate group from Germany, said that it could increase its capital funding in order to finance renovations for the 145,000 flats currently in its portfolio.
JA Solar Holdings Co is ready to pay off US$119 million for interest and principal on bonds it had issued.
Qatar Holding LLC purchases 40% of Porto Nuovo business district to expand its European real estate holdings.
New Zealand's sale of Meridian Energy may be the largest IPO of a company in the country. State owned power company Meridian Energy's 49% would be offered to an initial public offer of its shares by the third quarter of the year.
Reuters reports the backing of a sovereign wealth fund and a UK institution to prop up the business of 3i.
Bain Capital tops race for Yankee Candle but sale falls through. According to a report from Reuters, three people with knowledge of the matter disclosed that Bain Capital, LLC may appear to be the last survivor in the race for Yankee Candle Co, Inc.
CSC ServiceWorks created by Pamplona Capital Management. The multi-family supplier for laundry requirements, Coinmach Service Corp and North America-based source of paid air services for car tire inflation, AIR-serv Group were acquired by Pamplona Capital Management at the price of US$1.
