Two sources have informed reporters that the proposed $6.38 billion merger between two of Europe’s largest mobile phone retailers will soon be given approval by the European Commission.
According to reports, The UK’s Carphone Warehouse and Dixons Retail will win unconditional approval for the transaction. The deal will join the EU’s …read more
Spain’s competition authority, the CNMC, announced Tuesday it is launching an investigation into the pricing patterns of energy firm Iberdrola to investigate possible price-manipulation, reports say.
Iberdrola confirmed the probe and said it will focus on hydraulic installation projects that occurred late last year. The company denied any wrongdoing.
Sharp hikes in …read more
Siemens’ joint bid to acquire French turbine operator Alstom has now topped General Electric’s offer, according to reports.
Germany-based Siemens announced last week it was partnering with Japan’s Mitsubishi Heavy Industries to acquire Alstom’s energy operations. The joint offer reached $19.3 billion, ahead of GE’s $16.7 billion proposal. France is mulling …read more
Switzerland’s largest telecommunications carrier Swisscom has raised its bid to acquire advertising group PubliGroupe, reports say, as the telco looks to establish a new competitor against Google in the search industry.
According to reports, PubliGroupe has raised its offer to $548 million to purchase the company and acquire its directories, assets …read more