Deals - Europe Headlines

Apple, BMW in courtship with an eye on car collaboration

Photo

FRANKFURT/SAN FRANCISCO - BMW and Apple may rekindle a courtship put on hold after an exploratory visit by executives of the world's top maker of electronic gadgets to the headquarters of the word's biggest seller of premium cars.

Deals, Tech 2:49pm EDT

EU opens in-depth inquiry into Fedex's planned takeover of TNT

Photo

BRUSSELS - The European Commission said on Friday it had opened an in-depth investigation into Fedex's proposed 4.4 billion euro ($4.9 billion) takeover of Dutch rival TNT Express .

Sky Italia agrees to buy Viacom's MTV Italia

Photo

MILAN - European pay TV company Sky has agreed to buy Italy's MTV free-to-air channel from U.S. media group Viacom , a move that could pressure local market leader Mediaset .

1:41pm EDT

Exclusive: Nordic Capital eyes $1 billion exit of Finnish discount chain Tokmanni

LONDON - Buyout house Nordic Capital is eyeing an exit from Finnish retailer Tokmanni, in a deal that could value the country's largest discount store chain at around 900 million euros ($998 million) including debt, three sources familiar with the matter said on Friday.

12:48pm EDT

Shareholders hint at shake-up of missile maker MBDA

Photo

PARIS/MILAN - European missile maker MBDA edged towards its biggest shake-up in over a decade on Friday as Airbus Group signaled interest in expanding its share, while Italy's Finmeccanica said it would be open to selling its stake.

FedEx, TNT Express say combination on track despite EU probe

Photo

AMSTERDAM - Logistics companies FedEx and TNT Express said they were still on track to complete their proposed combination in the first half of 2016, despite the European Commission's announcement of an in-depth competition review of the deal earlier on Friday.

China's Bohai bids $2.6 billion for aircraft leasing firm Avolon

Photo

DUBLIN - China's Bohai Leasing Co Ltd has offered to buy Irish rival Avolon for $2.55 billion, a 55 percent premium over its December initial public offering, the Irish firm said on Friday.

Deals, China 10:04am EDT

Healthcare deals lift July to 7th busiest M&A month on record

Photo

LONDON - A surge of takeover activity involving healthcare, financial and retail companies lifted the value of deals in July over $430 billion, making it the seventh-busiest mergers and acquisition month on record, Thomson Reuters data showed.

Health, Deals 7:08am EDT

WPP, Providence to buy Chime in sports marketing push

Photo

- WPP Plc , the world's largest advertising group by revenue, has teamed up with U.S. buyout firm Providence Equity Partners LLC to buy Chime Communications Plc and make a big push into sports marketing.

6:37am EDT

Neptune Orient's new fleet may lure buyers despite shipping slump

Photo

SINGAPORE - Singapore state investor Temasek Holdings' planned sale of shipper Neptune Orient Lines (NOL) offers potential buyers a modern fleet at a comparative bargain price expected to be around $2 billion, industry and banking sources said.

1:13am EDT