Deals - Europe Headlines
Polish bank PKO to sell stake in new insurance arm
WARSAW - Poland's biggest bank PKO BP has shortlisted insurance firms that may buy around 50 percent of its newly-acquired insurance business, part of plans to diversify into higher margin areas in Poland's overcrowded financial sector.
Rosneft buys rest of Itera from founder for $2.9 billion
MOSCOW - Rosneft , Russia's top oil producer, said on Tuesday it had bought the remaining 49 percent of gas company Itera for $2.9 billion from its founder, furthering its aim of becoming Russia's largest independent gas producer.
GE gains EU approval for $4.3 billion Avio buy
BRUSSELS - U.S. conglomerate General Electric won EU clearance on Tuesday for its $4.3 billion bid for Italian plane components maker AVIO after agreeing to protect strategic information related to the Eurofighter project.
Roche buys U.S. blood-testing firm for initial $220 million
ZURICH - - Swiss drugmaker Roche Holding AG is buying Constitution Medical Investors (CMI), the U.S. developer of a testing system for blood diseases like anemia and leukemia, for an upfront $220 million, plus further contingent payments.
Mon, Jul 1 2013
Pfizer, Novartis may join Amgen in bidding for Onyx: sources
NEW YORK - Onyx Pharmaceuticals Inc , whose cancer drugs promise a strong revenue stream, is attracting preliminary buyout interest from several large pharmaceutical companies such as Pfizer Inc and Novartis AG , two people familiar with the matter said on Monday.
Conergy nears deal with Asian investor: sources
FRANKFURT - Germany's Conergy is close to striking deal that would see an Asian investor take a substantial stake in the company, once Europe's top solar group, two people familiar with the matter told Reuters.
Exclusive: U.S. drug firms vie to take stake in Celesio - sources
FRANKFURT - Two U.S. drugs distribution groups McKesson Corp and Cardinal Health Inc are both in talks to possibly take a stake in German drugs company Celesio , two industry sources familiar with the situation said.
Rosneft's Sechin says no talks to acquire PKN Orlen, Bashneft
MOSCOW - Igor Sechin, the head of Russia's top crude producer Rosneft , on Monday denied reports that the company has been in talks to acquire Poland's PKN Orlen and Russia's mid-sized oil producer Bashneft .
Nokia to buy out Siemens equipment venture; shares surge
HELSINKI - Nokia shares surged on Monday after it announced plans to buy out Siemens AG's share of their network equipment joint venture, betting on the technology to run 4G networks as it struggles in the smartphones business. | Video
Nokia CEO says synergies not part of NSN deal consideration
HELSINKI - Nokia Chief Executive Stephen Elop said the company had not considered synergies when deciding to buy Siemens' stake in Nokia Siemens Networks and that the future of the network gear maker was open.
McCain, Biden coming together for Sedona, Arizona forum
These days Washington is not known for bipartisanship, but every now and then a breakthrough is made. It is noteworthy that Vice President Joe Biden, a Democrat, and Senator John McCain, a Republican, are appearing together at a forum in Sedona, Arizona on Friday.
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