Bank of Ireland stake to be sold by government
The Republic of Ireland’s finance minister Paschal Donohoe has announced his intention to sell part of the state’s 13.9% shareholding in Bank of Ireland over…
Norwegian Air appoints Karlsen CEO, fires Schram
Geir Karlsen has been appointed the new CEO of Norwegian Air Shuttle ASA, effective immediately, after the company’s board voted to end the 18-month tenure of Jacob…
EU opens investigation of Google ad tech
The European Commission said on Tuesday it has opened a formal antitrust investigation to assess whether Google has violated EU competition rules by favouring its…
Volvo, Northvolt in battery gigafactory joint venture
Volvo Car Group has announced it intends to establish a joint venture with Swedish battery firm Northvolt to develop and produce more sustainable batteries which…
EU clears banks previously banned from bond sales
The EU executive said on Friday that eight of the 10 banks previously excluded from syndicated debt sales backing the European Commission’s Covid-19 recovery fund of…
UK regulator secures £730m Sanofi pension protection
The Pensions Regulator (TPR) of the UK has announced that French drug company Sanofi has agreed to inject an upfront payment of £37 million into…
EU excludes big banks from bond sales bonanza
The European Union has excluded some of the world’s most powerful investment banks with past involvement in breaches of anti-trust rules from syndicated debt sales…
Berlin’s Mister Spex plans Frankfurt IPO
Berlin-based online spectacles retailer Mister Spex announced that it plans to float on the Frankfurt Stock Exchange in the third quarter of 2021. “The IPO will…
Klarna claims $45bn valuation after funding round
Klarna, the Swedish “buy now and pay later” payments firm, has announced a new equity funding of $639 million. Klarna said the round was led…
Northvolt, Swedish battery maker, raises $2.75bn
Swedish battery maker Northvolt has raised $2.75 billion to expand capacity at the factory it is building in northern Sweden to help satisfy increasing demand…
Greystar in €725m Europe residential property fund
Greystar Europe Investment Management B.V. announced it has closed €725 million in equity commitments into its flagship pan-European residential closed-end property fund. “The vehicle received…
EU launches European Digital Identity wallets
The European Commission has announced plans for a European Digital Identity which will be available to all EU citizens, residents and businesses in the EU….
EU to sell at least €80bn of bonds in 2021
The European Commission announced that it estimates it will sell around €80 billion of long-term bonds in 2021, to be topped up by “tens of…
Volvo shareholders get $2.3bn from UD truck sale
Sweden’s Volvo Group announced it plans to distribute to shareholders all of the roughly 19 billion Swedish kronor ($2.3 billion) it received from the sale of…
Deutsche Börse completes Clearstream Fund deal
Deutsche Börse announced it completed the acquisition of the remaining 49% stake in Clearstream Fund Centre from UBS on June 1, becoming the sole shareholder…
Tristan fund buys €1bn German property portfolio
The EPISO 5 opportunistic fund, advised by Tristan Capital Partners, has agreed to acquire the non-listed portfolio controlled by Summit Real Estate Holdings Ltd and…
Julius Baer pays $80m in FIFA corruption settlement
Swiss bank Julius Baer will pay $79.7 million in a settlement with the US Department of Justice after being implicated in a corruption probe surrounding…
Iceland to launch Islandsbanki IPO on Nasdaq
Icelandic State Financial Investments (ISFI) has announced that Iceland intends to launch an initial public offering (IPO) of Islandsbanki by next month and plans to…
Kering sells more of its Puma stake for €833m
French luxury goods group Kering announced it would sell a 5.9% stake in German sportswear company Puma via a placement to investors as it focuses on…
EU fines banks €371m for bond trading cartel
The European Commission has fined investment banks UBS, Nomura and UniCredit a total of €371 million for participating in a European governments bond (EGB) trading cartel…
Bitcoin has eclipsed tulip mania of 1600s – ECB
The European Central Bank (ECB) said on Wednesday the surge of Bitcoin has eclipsed previous financial bubbles like the “tulip mania” and the South Sea Bubble…
Eurostar gets £250m refinancing; UK refuses to help
Eurostar, the cross-Channel rail service dedicated to routes connecting the UK with mainland Europe, has announced a refinancing agreement with its shareholders and banks —…
Ryanair sells €1.2bn bond at record low coupon
Ryanair announced on Tuesday it sold a five-year €1.2 billion Eurobond at a record low coupon rate 0.875%. Reuters reported the sale received demand of…
Ryanair in €815m loss as revenue falls 81% to €1.6bn
Dublin-based Ryanair Holdings plc on Monday announced a record annual loss of €815 million for the year to March 31, compared to a previous year…
Volvo Cars mulls IPO on Nasdaq Stockholm
Volvo Cars has announced it will evaluate the possibility of an initial public offering (IPO) on the Nasdaq Stockholm stock exchange later this year. The…
Denmark’s Hempel buys £500m paint firm Farrow & Ball
Copenhagen-based coatings manufacturer Hempel announced it agreed to acquire Dorset, England-based luxury paint and wallpaper company Farrow & Ball from the Los Angeles-based private equity group of…
Trustly postpones €9bn IPO amid regulator concerns
Swedish payments firm Trustly announced it has postponed its IPO plans following comments by the country’s financial supervisory authority about the company’s due diligence process…
Apple accused of distorting music streaming market
European Commission regulators have accused Apple of distorting competition in the music streaming market “as it abused its dominant position for the distribution of music…
EU fines banks €28m for bond-trading cartel
The European Commission said it fined Bank of America Merrill Lynch, Crédit Agricole and Credit Suisse a total of €28.49 million for taking part in…
Dutch insurer NN mulls €300bn asset manager sale
Dutch insurance firm NN Group has announced it is considering the sale of its asset management arm, NN Investment Partners, which has around €300 billion…