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.
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.
Sat, Mar 28 2015
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.
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.
Fri, Mar 27 2015
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.
- 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.
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.
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.
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.
FRANKFURT/LONDON - Several investor groups are readying bids for German motorway service station group Tank & Rast, in a deal worth up to 3.5 billion euros ($3.8 billion), sources familiar with the transaction said.
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.