| FACTBOX: Italy government favors Air France for Alitalia ), paving the way for the French carrier to pursue a takeover of the ailing carrier. The Rome government, which holds 49.9 percent of the company, has been trying to sell its stake ...[more] |
| Berkshire to buy ING unit for $441 million )(), in its second acquisition this week, agreed to buy the NRG NV reinsurance unit of ING Group NV ()() for about 300 million euros ($441 million). ING, the Dutch financial service ...[more] |
| China banks to end foreign control of leasing: BoCom exec )() said on Friday. Foreign companies now dominate 60 percent of China's aircraft leasing market, but the landscape will change "in three to five years," said Cheng Dongyue, who hea ...[more] |
| Kesa says in exclusive talks to sell BUT ) said it is in exclusive talks with a consortium about the possible sale of its French furniture and electricals business, BUT, for 550 million euros ($809 million). Kesa said the ...[more] |
| Heineken buys No 2 Belarus brewer Syabar Heineken, the world's fourth largest brewer after InBev, SABMiller and Anheuser-Busch, did not disclose financial details, but Theodoor Gilissen analyst Jan Meijer said in a note he expected ...[more] |
| Morgan Stanley raises stake in Valeo to 11.11 percent ) hold 11.11 percent of the capital in French car parts maker Valeo () after breaching the 10 percent level on December 19, the AMF French markets supervisor said on Friday. Morgan ...[more] |
| M.Stanley buys $217 mln stake in Petrovietnam's PVFC ) has paid $217 million for a 10 percent stake in Petrovietnam Finance Corp (PVFC), the financial arm of Vietnam's state oil firm said on Friday, ahead of an expected stock market listing early nex ...[more] |
| Sabadell to buy BBVA Miami private bank unit ) said on Friday it had agreed to buy a Miami-based private banking arm from fellow Spanish bank BBVA () for up to $70 million, confirming an earlier Reuters story. Banco Sabadell s ...[more] |
| UBS calls off buy of StanChart Indian funds ) said on Friday it had called off its acquisition of Standard Chartered Bank's () mutual funds management business in India after the sale and purchase agreement expired. On Monday ...[more] |
| Finish Line upset about Genesco merger ruling ), trying to walk away from a deal to buy hat retailer Genesco Inc (), said on Thursday it was disappointed with a court ruling that a New York court would determine whether the merged company woul ...[more] |
| Air France-KLM sees trustees for Alitalia: paper While major unions and some politicians plan protests aimed at stopping the Italian state sell its 49.9 percent stake to the Franco-Dutch rival, Air France-KLM () chief Jean-Cyril Spinetta wi ...[more] |