Arno Schuetze

Takeda kicks off sale of Western European drugs: sources

17 Jul 2019

FRANKFURT/LONDON Japan's Takeda Pharmaceutical Co has reached out to prospective bidders for a portfolio of drugs for sale in western Europe as it seeks to trim its debt following the $59 billion purchase of Shire, sources close to the matter told Reuters.

Clariant expects final bids for Medical Specialties business: sources

12 Jul 2019

ZURICH/FRANKFURT Swiss chemicals maker Clariant is entering the final stages of the sale of its packaging business, part of a wider streamlining to be completed by the end of 2020, sources close to the matter said.

Daimler warns on profit again, blames diesel and recall costs

12 Jul 2019

FRANKFURT Luxury carmaker Daimler cut its profit forecast for the fourth time in 13 months on Friday, as it set aside more money to cover a regulatory crackdown on diesel emissions and vehicle recalls related to Takata airbags. | Video

Swiss Re puts off $4 billion ReAssure IPO citing weak demand

11 Jul 2019

ZURICH Reinsurance group Swiss Re suspended plans for a $4.1 billion initial public offering of British life insurer ReAssure on the day it was set to start trading in London, citing weak demand from institutional investors.

Elliott outspends rivals as corporate activism turns to Germany

11 Jul 2019

FRANKFURT/BOSTON Elliott Management Corp has invested more than rivals in its push for corporate change so far this year and there has been an increasing focus among activist investors on German companies.

Swiss Re may postpone $4.1 billion ReAssure IPO: sources

10 Jul 2019

FRANKFURT/LONDON Swiss Re is considering postponing or restructuring the $4.1 billion London listing of its UK life insurance business due to limited investor appetite, sources familiar with the matter said on Wednesday.

Emissions rules and electric shift to spur car engines M&A

10 Jul 2019

FRANKFURT/DETROIT A growing understanding in the car industry of the value of combustion engine technology able to meet new anti-pollution requirements is likely to fuel a wave of consolidation in the next two years, industry executives and bankers say.

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