Hungarian competition authorities have reportedly raided the local offices of French pharmaceutical conglomerate Sanofi in part of an investigation into suspicions that the company abused its market dominance.
Reports say the competition regulator GVH searched the offices on July 22; Sanofi confirmed the searches and said the company is fully cooperating …read more
Japan-based ANA Holdings has reportedly cancelled its plans to acquire a 49 percent stake in Burma-based Asian Wings Airways.
Reports say ANA, the parent company of All Nippon Airways, first announced last August that it would buy the stake for $25 million. But in a statement released this week, ANA said …read more
Paccar has reportedly denied allegations that the commercial truck maker and owner of the Peterbilt and Kenworth brands is seeking a merger with Germany’s Volkswagen.
On a conference call Tuesday, Paccar Chief Executive Ron Armstrong said “there have been no discussions with Volkswagen.”
Earlier this month, analysts suggested that Paccar could be …read more
US-based chemicals conglomerate Huntsman has reportedly offered more concessions to EU regulators in efforts to win approval to acquire Rockwood Holdings assets.
Reports say Huntsman, which is looking to acquire Rockwood’s titanium dioxide pigment operations for $1.1 billion, has submitted its third round of concessions to the European Commission since the …read more