VENTURE CAPITAL POST

The Irish Aviation Authority has spent €20 million to buy a 6% stake in Virginia, US-based air traffic surveillance firm Aireon LLC, as part of an agreement with Italy and Denmark to invest in the new service.

Carlsberg Group reportedly purchased a 30.3% stake in joint venture partner Chongqing Brewery. The Danish brewer hopes to expand its presence in China's USD76 billion liquor market.

With market saturation leading to falling prices which have hurt earnings and prevented telecommunications operators from making investments, TDC Chief Executive Carsten Dilling has joined the call of his rivals for mergers.

France's two largest petroleum and electric utility firms are vying to develop two 500-megawatt wind projects near Le Treport in France. The French government opened the bidding earlier this year to attract investments of about EUR3.5 billion.

According to a research study by Dow Jones & Company, Ireland attracted the most venture capital funding per capita in the European region. The data showed that most Irish tech startups have fared well even during the economic recession.

Goldman Sachs purchases 19%, Danish pension funds ATP buys 5% and PFA acquires 2% in Dong Energy A/S, the largest utilities firm in Denmark.

Eivind Kolding's reign as Danske Bank CEO ended when the bank fired him.

Denmark advised Danish banks to disregard the European directive to reduce exposure charges

FSA announced that Danish banks will be free to use hybrid debt instruments that has ended bank speculations on the use of equity alone to fulfill lender requirements.