Edition:
United Kingdom

Arno Schuetze

Turmoil at Thyssenkrupp marks battle for Germany's economic identity

17 May 2019

By Christoph Steitz, Tom Käckenhoff, Edward Taylor and Arno Schuetze

Global private equity firms to bid for Hitachi's chemical unit: sources

17 May 2019

HONGKONG/FRANKFURT/TOKYO Global private equity firms Bain Capital, Carlyle Group and KKR & Co are among potential bidders for Japanese conglomerate Hitachi Ltd's chemical unit, three people familiar with the situation told Reuters.

Global private equity firms to bid for Hitachi's chemical unit - sources

17 May 2019

HONGKONG/FRANKFURT/TOKYO, May 16 Global private equity firms Bain Capital, Carlyle Group and KKR & Co are among potential bidders for Japanese conglomerate Hitachi Ltd's chemical unit, three people familiar with the situation told Reuters.

German landesbanks Helaba and Deka consider tie-up: sources

16 May 2019

HAMBURG/FRANKFURT German public-sector banks Helaba and Deka are considering a potential tie-up, people close to the matter said, in a sign that the country's fragmented banking market might be moving toward consolidation.

Nestle makeover advances with $10 billion sale of skin health unit

16 May 2019

ZURICH/FRANKFURT Nestle has entered exclusive talks to sell its skin health business to a consortium led by EQT Partners for 10.2 billion Swiss francs ($10.1 billion), as the food group shifts its portfolio in response to changing consumer demands.

German public-sector banks Helaba, Deka mull tie-up - sources

16 May 2019

HAMBURG/FRANKFURT, May 16 German public-sector banks Helaba and Deka are considering a closer cooperation or even a tie-up as the country's so-called landesbanks seek to consolidate in a fragmented local banking market, people close to the matter told Reuters.

Exclusive: Kone looks at options for potential Thyssenkrupp elevator deal - sources

15 May 2019

FRANKFURT/DUESSELDORF Finland's Kone is assessing the viability of a bid for Thyssenkrupp's 14 billion euro ($15.7 billion) elevators division even as the German conglomerate pursues plans to list it, four people familiar with the matter said.

Family-owned Turkish car parts maker Teklas up for sale: sources

15 May 2019

FRANKFURT/ISTANBUL Turkey's Teklas Kaucuk, which supplies parts to carmakers such as General Motors and BMW, has put itself up for sale in a deal that could value the company at as much as 700 million euros ($782.9 million), two people familiar with the matter said.

Family-owned Turkish car parts maker Teklas up for sale - sources

15 May 2019

FRANKFURT/ISTANBUL, May 15 Turkey's Teklas Kaucuk, which supplies parts to carmakers such as General Motors and BMW, has put itself up for sale in a deal that could value the company at as much as 700 million euros ($782.9 million), two people familiar with the matter said.

Race for Italian chemicals firm ICE attracts four buyout funds: sources

15 May 2019

LONDON/MILAN/FRANKFURT Four private equity firms are looking to submit final bids for Italian chemicals firm Industria Chimica Emiliana (ICE) in a deal valued at about 600 million euros ($673 million), sources familiar with the matter told Reuters.

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