Edition:
United Kingdom

Arno Schuetze

KKR-backed Calsonic lines up 5 billion euro financing for Magneti takeover: sources

21 Sep 2018

LONDON/FRANKFURT Calsonic Kansei has lined up around 5 billion euros ($5.9 billion) in financing from Japanese banks to fund its proposed acquisition of Fiat Chrysler's unit Magneti Marelli, four sources familiar with the matter said.

KKR-backed Calsonic lines up 5 bln euro financing for Magneti takeover - sources

21 Sep 2018

LONDON/FRANKFURT, Sept 21 Calsonic Kansei has lined up around 5 billion euros ($5.9 billion) in financing from Japanese banks to fund its proposed acquisition of Fiat Chrysler's unit Magneti Marelli, four sources familiar with the matter said.

Lone Star eyes float of German building materials maker Xella: sources

21 Sep 2018

FRANKFURT Buyout group Lone Star is considering a stock market flotation of German building materials maker Xella which it bought in 2016 for 2.2 billion euros ($2.6 billion), three people close to the matter said.

Lone Star eyes float of German building materials maker Xella -sources

21 Sep 2018

FRANKFURT, Sept 21 Buyout group Lone Star is considering a stock market flotation of German building materials maker Xella which it bought in 2016 for 2.2 billion euros ($2.6 billion), three people close to the matter said.

U.S. Thor Industries to buy German caravan maker Hymer

18 Sep 2018

FRANKFURT U.S.-based recreational vehicle maker Thor Industries has agreed to buy German family-owned caravan maker Erwin Hymer Group in a deal valuing the company at 2.1 billion euros (1.86 billion pounds) including debt, Thor said on Tuesday.

Bayer puts stake in chemical park operator up for sale - sources

17 Sep 2018

FRANKFURT Bayer is inviting financial investors to bid for its 60 percent stake in chemical park operator Currenta after initially failing to agree a sale to its former chemicals subsidiary Covestro , three people familiar with the matter told Reuters.

Brake maker Knorr-Bremse announces plans for IPO in Frankfurt

17 Sep 2018

FRANKFURT/BERLIN German brake systems maker Knorr-Bremse plans to list on the Frankfurt stock exchange this year, the company said on Monday, in what is expected to be Germany's second-largest listing this year after Siemens Healthineers .

Swiss trainmaker Stadler hires Alantra to advise on possible IPO

14 Sep 2018

FRANKFURT/ZURICH Swiss trainmaker Stadler has hired corporate finance adviser Alantra to lay the groundwork for a possible initial public offering, sources told Reuters on Friday, an option long considered by the rail company's billionaire owner Peter Spuhler.

Metro puts struggling Real hypermarket chain on the block

14 Sep 2018

BERLIN German retailer Metro AG plans to sell its struggling Real hypermarkets and is confident of interest in the chain, though bankers played down talk it might attract Amazon and a price tag of up to 1 billion euros ($1.2 billion).

World News