Adidas slides as traders say top investor GBL plans to sell part of stake
Adidas shares fell 1.5% on Wednesday on expectations that one of the German sportswear firm’s top shareholders, Groupe Bruxelles Lambert (GBL), was preparing to sell...
Dassault Systemes targets life sciences with $5.8 billion Medidata deal
France’s Dassault Systemes moved to build up its life sciences presence with a $5.8 billion cash deal to buy Medidata Solutions, a U.S. firm focused...
Skoda Auto’s May deliveries drop 6.6% on weaker Chinese market
Global deliveries for Skoda Auto, part of the Volkswagen group, dropped by 6.6% to 104,900 vehicles in May, pulled down by a weaker overall market...
Ford opens new research center in Tel Aviv
U.S. automaker Ford Motor Co said on Wednesday it opened a research center in Tel Aviv, becoming one of several global automakers beefing up operations...
KKR offers 40% premium to buy out Axel Springer minorities
Funds controlled by U.S. private equity investor KKR on Wednesday offered 63 euros a share to buy out minority shareholders in Axel Springer in a...
KKR says investment pact with Springer valid for five years
U.S. private equity investor KKR said on Wednesday its investment agreement with the main shareholders in German publisher Axel Springer, under which it is making...
China’s CATL, Ant Financial and Hellobike set up e-bike battery firm
China’s Contemporary Amperex Technology Co Ltd (CATL), Ant Financial Services and Hellobike said on Wednesday they will invest 1 billion yuan ($144.60 million) to establish...
Norway fund may have to offload $1 billion stake in Glencore in shift away from coal
Norway’s $1 trillion sovereign wealth fund may have to sell its $1 billion stake in commodities giant Glencore, among other companies that derive more than...
Woodford Patient Capital shares fall 1.7%
Shares in Woodford Patient Capital Trust (WPCT), Woodford Investment Management’s only listed fund, fell 1.7% at the open on Wednesday after the Financial Times reported...
Reckitt picks PepsiCo executive as next CEO
British consumer goods giant Reckitt Benckiser on Wednesday named PepsiCo executive Laxman Narasimhan as its next chief executive officer, to succeed Rakesh Kapoor....
