PSA Peugeot Citroen is preparing to replace its present Chief Executive Officer Philippe Varin for a joint venture with Chinese partner Dongfeng, according to sources familiar with the matter.
Tags: Europe
Accor announces hotel group split-up
France's Accor on Wednesday announced a plan to break up the hotel group in order to improve its performance and shareholder returns. Accor, the largest hotel group in Europe, owns luxury and upscale brands such as Sofitel and The Sebel.
Ireland is Europe's haven for tech startups -survey
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.
Bain Capital raising fourth European fund, offers investors two fee structures
Bain Capital has began raising USD3.5 billion for its fourth European private equity fund. The American private equity firm also offered its investors two fee structure to choose from.
Coms PLC completes GBP9.5 million acquisition of Redstone
Telecommunications and information technology (IT) service provider Coms PLC announced that it has completed the acquisition of Redstone Converged Solutions Ltd in a deal valued at GBP9.5 million.
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France's PSA Peugeot Citroen is looking into various ways of expanding its partnership with Chinese state-run car manufacturer Dongfeng Motor Corporation.
Hong Kong-based tech startup Multichannel raised USD3 million in a seed round from angel investors in Asia and Europe to be used for the improvement of the company's marketing spend tracker.
International consumer packaging company Chesapeake Services and packaging solutions firm Multi Packaging Solutions Inc entered into a definitive agreement to merge, subject to customary closing conditions and regulatory approval.
European private equity group 21 Partners agreed to purchase French pharmaceutical manufacturing company Synerlab from premium independent private investment firm Ardian for an undisclosed amount.
Euronext attracted individual bids from three exchange firms just a week after the company was acquired by IntercontinentalExchange Group Inc, according to sources familiar with the matter.
UK-based Aberdeen Asset Management revealed its plan to take away businesses from US investment managers such as BlackRock and Vanguard after completing the acquisition of Scottish Widows Investment Partnership (SWIP).
Amphenol Corporation entered into a definitive agreement to acquire the Advanced Sensors business of GE for USD318 million, which will be subject to closing conditions and regulatory approvals.
American investment firm Apollo Global Management LLC raised USD3.9 billion to buy distressed European assets. Specifically, the private equity firm is hunting for hotels and resorts in Spain.
Mexico-based food conglomerate Sigma Alimentos announced it plan to take over Spain's meat processing company Campofrio after it agreed to buy 40% of of the Spanish company from its current shareholders.
