Edition:
United Kingdom

Arno Schuetze

Germany's BayWa in talks to sell renewables stake to Credit Suisse: sources

23 Jan 2020

FRANKFURT German agriculture group BayWa is in advanced talks with Credit Suisse over the sale of a minority stake in its renewables business for a potential value of 2 billion euros ($2.2 bln) including debt, two people familiar with the matter said.

Clariant's pigments auction due to get under way: sources

22 Jan 2020

FRANKFURT/ZURICH Clariant is reviving the sale of its pigments unit, people familiar with the matter told Reuters, which may fetch up to 900 million Swiss francs ($927.7 million) as the Swiss chemicals maker slims down after failing to combine with peers.

Exclusive: Eurazeo hires banks for $2.2 billion sale of payments firm Planet - sources

22 Jan 2020

LONDON/FRANKFURT European buyout fund Eurazeo has hired Citigroup and Evercore to prepare the sale of its payments business Planet in a deal that could value the Irish firm at up to 2 billion euros (£1.6 billion), three sources told Reuters.

Daimler profits halve on diesel and restructuring charges

22 Jan 2020

FRANKFURT Daimler warned its earnings halved in 2019 and it faced further charges of up to 1.5 billion euros ($1.7 billion)related to diesel pollution, in the latest blow to the German luxury carmaker.

Publisher Springer Nature revives IPO plans, new bank consortium: sources

16 Jan 2020

FRANKFURT Springer Nature, the publisher of science magazines Nature and Scientific American, is reviving plans for a stock market listing, two years after a first attempt fell through, people close to the matter said.

Polish, overseas banks prepare bids for Commerzbank's mBank: sources

17 Dec 2019

WARSAW/FRANKFURT (Germany) Poland's biggest bank PKO BP and a consortium of insurer PZU and its subsidiary Pekao are expected to file initial bids for Commerzbank's Polish arm, mBank by mid-January, three sources told Reuters.

Partners in exclusive talks to buy packaging maker Schur Flexibles - sources

11 Dec 2019

FRANKFURT, Dec 11 Swiss buyout firm Partners Group has entered exclusive talks to buy Austrian packaging maker Schur Flexibles from fellow private equity investor Lindsay Goldberg Vogel, people close to the matter said.

Deutsche paints gloomy picture at investor gathering

10 Dec 2019

FRANKFURT Deutsche Bank pared back its revenue growth target on Tuesday, highlighting the tough task facing Germany's biggest lender to revive its fortunes against a gloomy economic backdrop. | Video

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