Deals - Europe Headlines

Qatar’s QIA to partly fund Dufry’s purchase of WDF: sources

MILAN/DOHA - Qatar Investment Authority is partly financing Swiss travel retailer Dufry's 1.3 billion-euro purchase of a majority stake in smaller Italian rival World Duty Free, according to three sources close to the matter.

Deals, Italy 3:09pm EDT

Russia's Galchev rejects terms of Holcim/Lafarge merger: newspaper


ZURICH - Russian businessman Filaret Galchev, who owns a 10.8 percent stake in Switzerland's Holcim via Eurocement Holding AG, has rejected the takeover offer that France's Lafarge has made for Holcim, a Swiss newspaper reported on Sunday.

7:26am EDT

ChemChina chairman says hopes to re-list Pirelli in Italy


BEIJING - The chairman of China National Chemical Corp (ChemChina) said on Sunday he hopes to re-list Italy's Pirelli on the Italian stock exchange after his firm agreed earlier this month to acquire the world's fifth-largest tire maker.

Deals, China, Italy 4:44am EDT

Sat, Mar 28 2015

Dufry to buy Italy's World Duty Free in $3.8 billion deal

MILAN - Switzerland's Dufry has agreed to buy a majority stake in World Duty Free in a deal which values the Italian firm at 3.6 billion euros ($3.8 billion) and will make the combined group the world's biggest travel retailer.

Deals, Italy 28 Mar 2015

America Movil may not face tougher regulation without asset sale: regulator


MEXICO CITY - Mexico's telecom regulator will not necessarily impose tougher rules against billionaire Carlos Slim's America Movil if it does not go ahead with a plan to sell off assets, the head of the regulatory agency said in an interview on Friday.

World, Deals, Mexico 28 Mar 2015

Fri, Mar 27 2015

Italy won't intervene in Pirelli deal with ChemChina - minister


MILAN - The Italian government cannot intervene in ChemChina's takeover of Italian tyre maker Pirelli and believes the deal agreed on Sunday ensures that key management positions and know-how remain in Italy, Industry Minister Federica Guidi said.

27 Mar 2015

Dow Chemical to sell most chlorine assets in $5 billion deal

- Dow Chemical Co will separate a portion of its century-old chlorine business and sell it to Olin Corp in a tax-efficient deal worth $5 billion as part of efforts to shed low-margin assets.

27 Mar 2015

Exclusive: Yoox and Net-a-Porter in merger talks again - sources

PARIS - Online fashion retailers Yoox and Richemont's Net-a-Porter are trying to resuscitate merger talks that took place more than a year ago to better fight cut-throat competition, industry sources told Reuters.

Tech, Deals 27 Mar 2015

EI Towers shareholders back bid for Rai Way

MILAN - Italian broadcast tower operator EI Towers, controlled by former Prime Minister Silvio Berlusconi's Mediaset group, won backing from shareholders on Friday for its bid to acquire state-owned rival Rai Way.

Deals, Italy 27 Mar 2015

Apollo in advanced talks to buy Slovenia's NKBM: source


LJUBLJANA - U.S. investment firm Apollo is in advanced talks to buy Slovenia's second-largest bank Nova KBM (NKBM), a person familiar with the matter told Reuters on Friday.

27 Mar 2015

Key retirements mean a changing of the guard next year in U.S. Congress

Regardless what voters decide in the November elections, there will be a major changing of the guard next year in the U.S. Congress as result of a number of key retirements.