Edition:
United Kingdom

Christoph Steitz

Fresh off E.ON-asset swap, RWE renewables outlook disappoints

14 Nov 2019

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.

Thyssenkrupp's elevator business gets at least 3 bidders-sources

12 Nov 2019

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

First-round bids for stake in utility MVV due this week: sources

11 Nov 2019

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.

UPDATE 1-Morgan Stanley fund's PNE takeover offer too low -ENKRAFT

04 Nov 2019

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 Reuters shows.

Kloeckner & Co says no merger talks with Thyssenkrupp

30 Oct 2019

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.

Kone signals Thyssenkrupp elevator interest, might have to sell some assets

23 Oct 2019

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.

Thyssenkrupp to open data room in elevator auction soon: sources

08 Oct 2019

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.

Finland's Fortum to gain control of Uniper in $2.5 billion deal

08 Oct 2019

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.

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