DUESSELDORF, Germany/FRANKFURT Uniper signaled on Wednesday little prospect of a rapid breakthrough in talks with top investor Fortum that might lead to a full takeover of the German utility.
FRANKFURT Fortum on Tuesday made progress in talks over cooperation with energy group Uniper, of which it owns 49.99%, shortly after activist funds stepped back from increasing pressure on the Finnish utility to seek full control.
By Christoph Steitz, Tom Käckenhoff, Edward Taylor and Arno
By Christoph Steitz, Tom Käckenhoff, Edward Taylor and Arno Schuetze
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.
FRANKFURT/DUESSELDORF, Germany Thyssenkrupp's elevator business, the conglomerate's crown jewel that it plans to list, saw operating margins fall in the second quarter due to higher material costs that also hit Swiss rival Schindler.
FRANKFURT/LONDON E.ON and Centrica, two of Britain's so-called "big six" energy providers, warned on Monday of a toughening retail market, raising the chance of cost cuts in response to falling profits.
FRANKFURT Germany's Thyssenkrupp will embark on a fresh restructuring and list elevators, its most successful business, after regulatory opposition sunk plans to hive off its steel division, unravelling its previous break-up proposal.