Germany

CSIQ arm sells Ontario solar power plant to TRP for $57.4M

Canadian Solar Solutions Inc, a unit of Canadian Solar Inc (CSIQ), has concluded the sale of Mississippi Mills solar power plant in Ontario, Canada for over $57.4 million (C$61 million).

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India's Amtek Auto agrees to purchase Germany's Kuepper group for €200M

India-based integrated components manufacturer Amtek Auto agreed to acquire significant business interests in Germany-based integrated machine manufacturer Kuepper group in a deal reportedly valued at €200 million.

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Germany's Hapag-Lloyd says rival Hamburg-Sued should join merger talks with Chilean shipper Vapores

Juergen Weber, the chairman of Hapag-Lloyd AG, said that Hamburg-Sued should participate in merger talks between his company and smaller Chilean shipper Compania Sud Americana de Vapores SA.

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China's Zoomlion acquires Germany's M-Tec

China-based construction equipment manufacturer Zoomlion Heavy Industry Science & Technology Co has bought Germany-based dry mortar equipment producer M-Tec, according to a statement on the company's website.

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Rhoen-Klinukum expecting green light from German antitrust regulators on the proposed sale of its assets to rival Fresenius SE & Co. in early 2014

Rhoen-Klinukum, which had put up for sale its 43 hospitals and 15 outpatient facilities, expects to get the green light from German antitrust regulators on the proposed sale of most of its assets to rival Fresenius SE & Co.

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Germany's Aareal bank acquires rival Corealcredit Bank for €342M

Property lender Aareal Bank this weekend announced that it would takeover German rival Corealcredit Bank for €342 million. Corealcredit will be bought from American private equity firm Lone Star Funds.

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Finland's Fennovoima inks deal with Russian state corporation Rosatom to construct 1,200MV reactor

Nuclear consortium Fennovoima on Saturday agreed to build a 1,200-megawatt nuclear facility with Russia's state owned corporation Rosatom. Rosatom will take a 34% stake in the group to fill a funding hole left by Germany's E.ON.

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Chemicals maker BASF prepares bid for RWE's oil and gas exploration and production unit

BASF SE, the largest chemicals company in Germany, is working on a bid for RWE DEA AG. DEA is the oil and gas exploration and production (E&P) unit of German electric utilities company RWE AG.

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Austria's OMV sells Bayernoil stake to Vitol-Carlyle joint venture for undisclosed sum

Austria's OMV will divest its 45% stake in German oil refinery Bayernoil to Varo Energy for an undisclosed amount. Varo Energy is a partnership between Swiss oil trading firm Vitol and American private equity firm Carlyle Group.

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European travel startups Excursiopedia and Travelatus merge

Munich, Germany-based travel marketplace Excursiopedia has added Moscow, Russia-based startup Travelatus in an effort to become a leader in the international travel industry and help travelers find local activities.

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Wall Street will be moving hundreds of millions into Bitcoin - SecondMarket chief

SecondMarket founder and chief executive Barry Silbert claimed in an article on Entrepreneur that Wall Street will soon invest their money in hundreds of millions into Bitcoin.

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EU joins China, Germany and Norway about the danger of using Bitcoin

The European Union through its European Banking Authority expressed warning similar to China, Germany and Norway regarding the risks associated in using Bitcoins as payment.

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Israel's Arad nears deal to acquire majority stake in Mexican water firm

Israeli water meter developer Arad Group is in advanced talks to buy a 50% stake in a Mexican water-measuring company, a Bloomberg report said. The deal is reportedly worth $10 million and is expected to be closed early next year.

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Round Hill in advanced talks to sell German residential landlord Vitus

Private equity firm Round Hill Capital is reportedly nearing a deal to exit fromproperty group Vitus Immobilien to Germany's Deutsche Annington Immobilien. The deal is expected to be worth €1.3 billion.

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Partners Group buys German frozen food company Hofmann Menu for an undisclosed sum

German frozen food products supplier Hofmann Menu Manufaktur has been sold to Switzerland-based private equity firm Partners Group AG. Financial terms of the deal, however, remains unknown.

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