China’s Geely to buy $3.3bn stake in AB Volvo
China’s Geely Holding has agreed to buy an 8.2% stake in Swedish truck maker AB Volvo from activist investor Cevian Capital for roughly $3.3 billion. Geely…
December 2017
Allianz invests in emerging market microinsurer
Allianz X, the digital investment unit of Germany’s Allianz Group, announced a $96.6 million investment in BIMA, a digital microinsurer that uses mobile technology to…
Thales buys €4.8bn Gemalto in digital security drive
French aerospace and defense giant Thales agreed to buy Dutch-French chipmaker Gemalto for €4.8 billion to create a “global market leader in the fast-growing digital security…
Metso’s Delvaux to join Assa Abloy as CEO
Sweden’s Assa Abloy, the world’s largest lock maker whose brands include Chubb and Yale, said on Monday it appointed Nico Delvaux as its new chief executive….
German landlord Vonovia to buy €5.2bn Buwog
German residential property giant Vonovia has agreed to buy Austrian peer Buwog in a cash deal that values Buwog at up to €5.2 billion, the two companies…
Statoil buys stake in Brazil oilfield for up to $2.9bn
Norway’s Statoil and Brazil’s Petrobras agreed that Statoil will acquire a 25% interest in Roncador, a large oil field in the Campos Basin in Brazil,…
EU to probe IKEA over tax
The European Commission said it opened an in-depth investigation into the Netherlands’ tax treatment of Inter IKEA, one of the two groups operating the IKEA…