Topic: Western Europe

Korea National Oil Corp. rules out higher bid for UK's Dana PetroleumKorea National Oil Corp. says it won't raise its hostile takeover bid for Britain's Dana Petroleum. The statement released Thursday follows Dana's publication of a defense document which argued that the ...

Glaxo hires Goldman Sachs banker as new CFO

LONDON (Reuters) - Drugmaker GlaxoSmithKline insisted there would be no change to its cautious stance on deal-making, after announcing it had hired one of Europe's top M&A bankers as its new finance chief. Goldman Sachs investment banker Simon Dingemans, 47, will succeed ...
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Sanofi announces $18.5 billion bid for Genzyme

PHILADELPHIA (Reuters) - France's Sanofi-Aventis on Sunday publicly disclosed its $18.5 billion, $69-per-share cash offer for Genzyme Corp after failing to engage the biotechnology company in merger talks. 82267652&bid=informcom" /> Copyright 2010  Reuters US Online Report Business News

Indian energy giant may counter Vedanta

India's state-run Oil and Natural Gas Corp. (ONGC) may counter an offer worth up to 9.6 billion dollars by Britain's Vedanta Resources for mining assets in India, a report said on Wednesday. Vedanta said Monday it would buy a controlling stake in ...

RBS sells 318 branches to Santander

State-controlled Royal Bank of Scotland said on Wednesday it had agreed to sell 318 branches to Spanish group Santander in a long-awaited deal. "RBS announces today that it has agreed to sell 318 branches and associated assets and liabilities to Santander UK ...
Carrefour second quarter revenue rises 6.3 percent thanks to gains in Latin America and AsiaFrench retailer Carrefour SA said Thursday that second quarter revenue rose 6.3 percent thanks to strong growth in Latin America and Asia. The world's second-largest retailer behind Wal-Mart ...
Spain's Banco Sabadell said Friday its board had agreed to launch a takeover for smaller rival Banco Guipuzcoano in the first such operation between two listed Spanish banks since the start of the financial crisis at the end of 2008. Banco Sabadell ...
Cognizant Technology buys French IT testing and consulting company GalileoCognizant Technology Solutions Corp. said Thursday it has acquired Galileo Performance, a Paris-based company that does testing and consulting on client information technology systems. Cognizant, an IT outsourcing provider, did not say how ...

Spain's savings banks sowed seeds of own destruction

GUADALAJARA, Spain (Reuters) - The ultra modern 12th-floor board room of savings bank Caja Guadalajara offers a bird's eye view of the empty industrial estate around it, a constant reminder of Spain's worst economic crisis for 50 years. "We moved our headquarters ...
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