Mergers and acquisitions
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Germany
Germany’s Zalando to acquire rival fashion retailer About You
Zalando says the deal will help it to build a pan-European e-commerce platform. ADVERTISEMENT Germany’s online retailer Zalando said on…
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United Kingdom
UK insurers Aviva and Direct Line agree on sweetened takeover bid
The UK insurance firm Aviva has improved on an earlier deal rejected by its smaller competitor Direct Line. ADVERTISEMENT Direct…
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Germany
Denmark’s DSV raises €5bn in share sale to fund Schenker acquisition
The Danish logistics company is raising funds to buy Schenker, the logistics unit of German state railway Deutsche Bahn. ADVERTISEMENT…
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Germany
Commerzbank in larger payout pledge ahead of UniCredit talks
The German lender is lifting profit targets and shareholder rewards as Italy’s UniCredit contemplates a merger. ADVERTISEMENT Commerzbank is seeking…
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Germany
Takeover target Commerzbank gets new CEO as UniCredit circles its prey
Bettina Orlopp is to replace Manfred Knof ‘in the near future’. The news comes days after Italian bank UniCredit revealed…
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Germany
UniCredit raises stake in Germany’s Commerzbank to 21%
If the deal wins approval, it will make the Italian bank Commerzbank’s largest shareholder – to the dismay of the…
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Germany
Denmark’s DSV secures Deutsche Bahn unit despite union resistance
ADVERTISEMENT Danish firm DSV has secured a deal to buy Schenker, the logistics unit of German state railway Deutsche Bahn…
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Germany
DSV in talks to buy Deutsche Bahn unit amid bidding war with CVC
The €14bn deal still has to be approved by the supervisory board of Germany’s state railway. ADVERTISEMENT Danish firm DSV…
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News
White House signaling it will likely stop Nippon Steel’s plans to buy US Steel
WASHINGTON — The White House is signaling an openness to blocking the acquisition of U.S. Steel by Nippon Steel, as…
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Germany
Deutsche Bank settles 60% of claims in long-running legal dispute
The German lender has been dealing with disgruntled shareholders since its acquisition of Postbank fourteen years ago. Now, it claims…
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