Ineos buys Nice football club for a reported €100m
Chemicals giant Ineos said it completed a deal to acquire OGC Nice Football Club. A price tag of about €100 million was previously reported, but…
August 2019
Bayer animal health unit sold to Elanco in $7.6bn deal
German drug company Bayer said US-based Elanco Animal Health agreed to acquire Bayer’s animal health business in a transaction valued at $7.6 billion. The $7.6 billion…
Shareholder-First Purpose Ditched By 181 US CEOs
The influential Business Roundtable in the United States on Monday announced a new “Statement on the Purpose of a Corporation” signed by 181 CEOs that…
EU invests €114m to improve Naples-Bari railway
The EU is to invest €114 million from the European Regional Development Fund (ERDF) to build a new 15.5 km section of railway between Naples’ Central…
Euro area June goods trade surplus slips to €20.6bn
The first estimate for Euro area (EA19) exports of goods to the rest of the world in June 2019 was €189.9 billion, a decrease of 4.7% compared with…
Bayer’s $600m seals control of BlueRock Therapeutics
German drug company Bayer said it will pay up to $600 million for full control of cell therapy developer BlueRock Therapeutics. The move increases Bayer’s…
Elliott urges break-up, bigger buyback at Scout24
US activist investor Elliott has called on German classifieds group Scout24 to sell its car listings business and carry out a “more ambitious” share buyback…
EU approves €300m for Greece ultrafast broadband
The European Commission has approved, under EU State aid rules, €300 million of public support for Greece’s Ultrafast Broadband Infrastructure Scheme. The scheme will bring…
Central banks make record gold purchases
Central banks around the world bought a record $15.7 billion of gold in the first six months of 2019. Central banks have increased gold reserves…