FRANKFURT RWE AG , Germany's largest power producer, gave profit forecasts for its renewables business that fell short of some analysts' expectations, casting doubt over whether the booming sector will prove as lucrative as hoped.
By Tom Käckenhoff, Christoph Steitz, Arno Schuetze and Edward Taylor
FRANKFURT First-round bids for a 45.1% stake in German regional utility MVV Energie , owned by peers EnBW and RheinEnergie, are due this week, two people familiar with the matter said.
FRANKFURT, Nov 4 ENKRAFT Capital, a top 10
shareholder of German renewable energy company PNE AG
, has intensified criticism of a standing takeover bid
from a Morgan Stanley-controlled fund, a letter seen by
FRANKFURT German metals trader Kloeckner & Co is not in talks with larger rival Thyssenkrupp about a tie-up, Kloeckner & Co's chief executive said on Wednesday, quashing speculation about a deal in the near term.
HELSINKI/FRANKFURT Kone might sell some parts of Thyssenkrupp's elevator business if the Finnish firm wins an auction to buy it, the CEO of the world's No.3 elevator maker said.
TOKYO/FRANKFURT Thyssenkrupp plans to give potential bidders access to the data room of its elevator division in the coming days, three people familiar with the matter said, as one of Europe's biggest M&A deals of the year picks up pace.
HELSINKI/FRANKFURT Finnish utility Fortum is set to gain control of Germany's Uniper by acquiring the stakes of activist funds Elliott [ECAL.UL] and Knight Vinke, potentially ending a long-running deadlock over ownership of the group.