The United Arab Emirates is set to see its largest asset sale since the financial crisis as Dubai International Capital plans to divest its Germany-based packing company for $1.7 billion, according to reports.
The Dubai Holding unit is set to sell Mauser, first acquired in 2007. The company will be acquired …read more
New York state is reportedly resisting a century-old energy monopoly sales model in efforts to revamp the system and welcome solar and wind energy technology.
The state’s first energy czar Richard Kauffman told reporters that the current system no longer works and regulators need new strategies to lower prices and boost …read more
The European Commission has reportedly extended the deadline to rule on the proposed acquisition of KPN’s German asset E-Plus by Telefonica.
The $11.83 billion buyout, first announced last summer, would see Telefonica-owned O2 acquire E-Plus. But the Commission said it will need until June 26 to rule on the deal as …read more
French bank Societe Generale has reportedly appealed a $613.5 million fine issued for alleged manipulation of the Euribor benchmark rate, claiming authorities miscalculated the penalty.
The appeal was filed in February but not published until Monday, when it appeared on the Official Journal of the European Union website. In its appeal, …read more