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Denmark's DSV secures Deutsche Bahn unit despite union resistance

DSV will become the world's largest logistics company thanks to the acquisition.

Business

DSV in talks to buy Deutsche Bahn unit amid bidding war with CVC

The €14bn deal still has to be approved by the supervisory board of Germany's state railway.

Business

Recovering firm Thomas Cook acquired by Polish travel group eSky

Polish travel group eSky has agreed a deal to buy Thomas Cook, the world’s oldest travel brand, from its current Chinese owner, Fosun, just as it gets back on its feet.

Business

Turkish firm buys company formerly owned by fallen business tycoon

Sabanci Holdings has bought a majority stake in Mannok, once the prized firm of Seán Quinn - and since a victim of several attacks and sabotage attempts.

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Business

Deutsche Bank settles 60% of claims in long-running legal dispute

The German lender has been dealing with disgruntled shareholders since its acquisition of Postbank fourteen years ago. Now, it claims to have made "significant progress".

Business

German energy firms gridlocked after state U-turn on buy-in plans

The state has abandoned plans to buy part of TenneT, which operates Germany's biggest power grid network. The U-turn has spooked energy firms EnBW and RWE.

Business

Bouygues Telecom gets green light for La Poste Telecom takeover

The French Competition Authority rules Bouygues Telecom's acquisition of mobile network operator La Poste Telecom will not be a risk to competition.

Business

Air Antilles takes off again in relaunch following 2023 liquidation

Air Antilles is being relaunched under a new partnership between the French engineering company EDEIS group and the Collectivité de Saint-Martin.

Europe News

Industrial policy emerges as key battleground for economic MEPs

Committee chair Aurore Lalucq worries about competition from the US and China – while others fear a subsidy free-for-all.

Business

Carlsberg taps into Gen-Z's sweet tooth with Britvic buy

The Danish brewer's offer to build a UK beverage powerhouse has finally been accepted after two failed bids.

Europe News

Up, up and away! Lufthansa secures EU nod to buy stake in ITA Airways

The European Union says that a merger between the two airlines will not breach antitrust rules.

Business

ABN Amro buys German bank Hauck Aufhäuser Lampe

Dutch lender ABN Amro announced on Tuesday that it would buy the private German bank Hauck Aufhäuser Lampe (HAL) from the Chinese conglomerate Fosun.

Business

BBVA-Sabadell potential merger: A sign of things to come?

BBVA's merger proposal to Banco Sabadell could transform the eurozone banking sector, potentially boosting BBVA's assets to more than $1 trillion and making it the third-largest eurozone bank according to market value.

Business

BlaBlaCar secures €100 million to expand international operations

Paris-based carpooling app BlaBlaCar hopes to grow its service in countries like Brazil, Mexico and India after a disappointing pandemic period.

Business

Sir Jim Ratcliffe wraps up Manchester United minority stake deal

The deal has finally been done some 15 months after the Glazer family announced a strategic review of the football club, which also included the possibility of selling it.

Europe News

EU regulators to review Microsoft's $13 billion bet on OpenAI

The European Commission announced on Tuesday that it would check whether Microsoft's investment in OpenAI falls under the bloc's merger laws.

Culture news

Warner Bros. Discovery and Paramount in merger talks: What’s at stake?

Not a merger of equals, but if Warner Bros. Discovery and Paramount join forces, they would create a behemoth with an impressive number of movie franchises to play with...

Business

French media giant Vivendi finalises takeover of rival Lagardère

The French media giant, Vivendi, has announced the completion of its acquisition of its rival Lagardère. But the European Commission is continuing its investigation into whether the deal breached merger rules.

Business

Hotel Chocolat's shares jump 160% after Mars takeover

The US's Mars Inc has acquired British chocolatier Hotel Chocolat for £534 million - but it will still operate from the UK.

Business

UBS shares up by 4% despite $785 million loss following Credit Suisse

UBS shares were up by 4% as the Swiss banking giant cut costs faster than expected while moving forward with its merger with rival Credit Suisse.