Philippine-based food and beverage manufacturer RFM Corp bought the Royal brand and pasta business from UK-based firm Unilever Group in a deal valued at approximately $47.8 million (PHP2.1 billion).
Europe
Scotland's Aberdeen Asset Management reports fourth quarter of outflows of £4.4B
As its clients took out money from emerging markets, Aberdeen Asset Management Plc reported net outflows of £4.4 billion in the fourth quarter, Bloomberg reported.
Czech booking agency Skypicker receives $500K investment, adds WhichAirline
Brno, Czech Republic-based low-cost flights booking engine Skypicker.com secured a $500,000 investment from Touzimsky Airlines and also acquired metasearch engine WhichAirline.com for an undisclosed sum.
German CRM startup Linko bags $2.6M in seed round, buys Localstream
Berlin, Germany based customer relationship management (CRM) startup Linko raised $2.6 million in seed funding from angel investors and purchased tech startup Localstream for an undisclosed amount.
Sweden's Vattenfall Europe AG to divest 74.9% stake in power grid back to Hamburg- report
Vattenfall Europe AG will be selling back to Hamburg the 74.9% stake it holds in the city's power grid operator after the citizens agreed on a repurchase, a Bloomberg report said.
Latest News
A rising demand for property in Europe has led to a race for acquisitions, fueling rising demand and concerns of a new bubble, the Financial Times reported.
OTI Greentech Group, a Switzerland-based cleantech engineering company, said it secured CHF 1.8 million or €1.5 million to mark the first close of its second round of expansion funding.
Gentium investors sued the company's board and Jazz Pharmaceuticals in an attempt to stop the acquisition of Gentium, claiming that the tender offer was flawed, Bloomberg reported.
New York-based investment firm Sandell Asset Management has again pressured FirstGroup, the owner of Greyhound bus, to split the company and revamp its operations, Bloomberg reported.
The private equity arm of London-based banking firm Standard Chartered picked up a 13% stake in Botswana-based supermarket chain Choppies Enterprises in a deal valued at $6 million.
VimpelCom Ltd, one of the largest integrated telecommunications service operators around the world, announced the extension of its strategic partnership with Oslo, Norway-based Opera Software,
Finland-based IT service firm Tieto inked a deal to buy part of Siemens Convergence Creators' telecom research and development (R&D) for an undisclosed sum to strengthen its products portfolio.
The mining pool GHash.io run by a secretive company known as CEX.io which has links to Ukraine nearly controls 45% of Bitcoin network's processing power, according to a report by Bloomberg View contributor Leonid Bershidsky.
TaiGen Biotechnology Company Ltd, a biotechnology firm in Taiwan, has given Russia's R-Pharm the exclusive license to develop and commercialize the anti-infective compound nemonoxacin in the Russian Federation, Turkey and the Commonwealth of Independent States.
