Patron Capital Partners is planning to spend nearly Eur1 billion for property purchases in Germany. Patron Capital Partners is a private equity company that does investments in a number of real estate projects throughout Europe.
Deals
Vue Entertainment Acquires Poland's Multikino SA
Vue Entertainment purchases Poland's Multikino SA for an undisclosed amount. The joint vetnure of the ITI Group and AREA Property Partners, Vue Entertainment had announced today that it is acquiring Multikino SA, the leading multiplex operator in Poland.
Kleins to Sell Off Part of Shareholdings in Via Varejo SA
Kleins plan to sell off 53.8 million common shares worth 2 billion reais through a public offer. The Klein family of Brazil has disclosed its plans to sell off nearly 33% of its capital holdings in Via Varejo SA.
Schaeffler Terminates Agreement with Continental AG
Schaeffler terminates investment agreement with Continental AG. Continental AG of Germany said that its shareholder Schaeffler has sent a notice of termination for an investment agreement in force since August 2008.
Elan Corp Pulls Off Theravance Deal
Elan Corp pulls off deal for Theravance respiratory medication royalties from GlaxoSmithKline. Elan Corporation, the Irish pharmaceutical firm has entered into an agreement on royalties to alleviate concerns about its acquisition strategy as well as be able to blunt the takeover bid of Royalty Pharma.
Latest News
Danone purchases organic baby food maker Happy Family for an undisclosed amount. The Paris based owner of Evian water and Activia yogurt, Danone, has entered into an agreement to purchase Happy Family, an American manufacturer of organic baby food.
The Partnership Assurance Group undertakes IPO, with its owners Cinven planning to sell shares as well as issue new ones.
Goldman Sachs invests US$20 million in BPL Medical Technologies, its second investment in as many weeks.
AirAsia X, the long haul carrier of the largest budget carrier in Asia, would be doing an IPO. AirAsia X Bhd is starting to feel out investor interest for the initial public offering for the long haul unit of the largest budget carrier in Asia.
Masayoshi Son, Softbank co-founder and President is planning to build a Silicon Valley office for the merged Softbank-Sprint company.
HSBC will cut back costs and sell off minority assets under the three year restructuring plan of CEO Stuart Gulliver.
Win Bischoff is retiring as chairman of Lloyds Banking Group according to the Financial Times. As reported in the Financial Times, the chairman of the Lloyds Banking Group Win Bischoff is stepping down.
Fresenius CEO Ulf M. Schneider is on the lookout for deals for the expansion of the German group. Fresenius SE, the diversified healthcare group from Germany, has identified possible firms for ripe for takeovers.
The Department of Treasury will sell off its shares in Detroit carmaker General Motors. The US government has sold off a major portion of its shareholdings in General Motors Co.
