Vodafone Qatar VQFS.QA has scrapped its bid to buy state-owned wholesale Internet provider Qatar National Broadband Network (QNBN), the country's No.2 mobile operator by subscribers said on Sunday.
Deals
Brazil airline Azul plans IPO in Sao Paulo and New York
Azul SA, Brazil's third-biggest airline, revived plans for an initial public offering in Sao Paulo and New York as it prepared to add the first of 75 Airbus jets and to begin flights to the United States.
Intel acquires Canadian IT security firm PasswordBox
Intel Corp said on Monday it has acquired PasswordBox, a Montreal-based identity management service that gives users a convenient way to log into websites and applications from any device without having to type or remember passwords.
China conglomerate Fosun to sweeten bid for Club Med
Chinese billionaire Guo Guangchang is set to sweeten his bid for the struggling French holiday group Club Mediterranee (CMIP.PA) to trump Italian tycoon Andrea Bonomi's offer in France's longest-running takeover battle.
Telecoms group Altice set to buy Oi's Portugal operations
Telecoms group Altice SA (ATCE.AS) has agreed to buy the Portuguese operations of Brazil's Grupo Oi (OIBR3.SA) for about 7.4 billion euros ($9.2 billion), in what will be its third large acquisition this year.
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Merck KGaA (MRCG.DE) aims to keep hold of its consumer healthcare unit, it said on Friday, pledging to develop a business that is expected to generate 2014 sales of $1 billion for the German drugs and chemicals company.
The chief executive of Commerzbank is predicting a wave of mergers among Germany's cooperative and savings banks. Martin Blessing, who heads Germany's second biggest bank, noted that there were still almost 2,000 banks in Germany, in contrast to about 20 in Spain.
Procter & Gamble Co (PG.N) is working with Goldman Sachs (GS.N) to explore the sale of its Wella hair care business that could be worth around $7 billion, sources familiar with the matter told Reuters, as the world's largest consumer products company streamlines its business.
Wanda Cinema Line Co. Ltd., a movie theater company controlled by Chinese real estate mogul Wang Jianlin, has received approval for a share-offering in China in which it hopes to raise up to 2 billion yuan (US$325.6 million).
Germany has approved Canadian smartphone maker Blackberry's (BB.TO) planned acquisition of Secusmart, the encryption technology of which is used to protect the mobile devices of top politicians including Chancellor Angela Merkel.
German utility E.ON (EONGn.DE) agreed to sell an 80 percent stake in two wind farms in the United States to Canada's Enbridge (ENB.TO), as the group continues to rake in much-needed cash by building and selling pricey renewable assets.
Songbird Estates (SBDE.L), the majority owner of London's Canary Wharf, said an upturn in property markets means it is now worth 2.82 billion pounds ($4.42 billion), more than the takeover offer from Qatar Investment Authority (QIA) and Brookfield Property Partners (BPY.N).
U.S. medical device maker Medtronic (MDT.N) gained European Union regulatory approval on Friday for its $43 billion takeover of Covidien Plc (COV.N) after agreeing to sell its Irish rival's drug-coated balloon catheter business.
Airbus Group and Dassault Aviation aim to oversee the complete sale of Airbus's 4.8 billion-euro stake in the French planemaker by the end of next year, two people familiar with the matter said.
