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India

Arno Schuetze

Germany bans Wirecard 'shorting' as prosecutors probe FT journalist

18 Feb 2019

FRANKFURT Germany's financial watchdog has banned "short" selling of Wirecard shares due to volatility in the payments firm's stock following reports in the Financial Times which are now the subject of an investigation by German authorities.

Private equity firms win over Scout24 with improved $6.4 billion bid

15 Feb 2019

FRANKFURT Hellman & Friedman and Blackstone have won over Scout24 after raising their offer for the online classifieds group to 5.7 billion euros ($6.4 billion) including debt, setting up the biggest takeover of a listed German company by private equity.

RPT-UPDATE 2-Private equity firms win over Scout24 with improved $6.4 bln bid

15 Feb 2019

FRANKFURT, Feb 15 Hellman & Friedman and Blackstone have won over Scout24 after raising their offer for the online classifieds group to 5.7 billion euros ($6.4 billion) including debt, setting up the biggest takeover of a listed German company by private equity.

German watchdog widens Deutsche monitor mandate over Danske

15 Feb 2019

FRANKFURT German financial watchdog Bafin has extended the mandate of its monitor at Deutsche Bank over the bank's role in a money laundering scandal involving Danske Bank.

UPDATE 2-German watchdog widens Deutsche monitor mandate over Danske

15 Feb 2019

* Authorities worldwide seek information (Adds Bafin statement)

Suitors 'lining up' to buy Nestle Skin Health - CEO

14 Feb 2019

LONDON/FRANKFURT The process to sell Nestle's skin health division is off to a good start, with strong interest in the business following an overhaul, the chief executive said on Thursday,

Union Investment to buy 16,000 German apartments from Chinese firm: sources

13 Feb 2019

FRANKFURT German fund manager Union Investment is nearing a deal to buy about 16,000 German flats for roughly 2 billion euros ($2.3 billion) from a Chinese investor, people close to the matter told Reuters.

CORRECTED-Union Investment to buy 16,000 German apartments from Chinese investor - sources

13 Feb 2019

FRANKFURT, Feb 12 German fund manager Union Investment is nearing a deal to buy about 16,000 German flats from BGP, owned by a Chinese investor, in a roughly 2 billion euro ($2.26 billion) deal, people close to the matter told Reuters.

Union Investment to buy 16,000 German apartments from Chinese investor - sources

13 Feb 2019

FRANKFURT German fund manager Union Investment is nearing a deal to buy about 16,000 German flats from BGP, a Chinese investor, in a roughly 2 billion euro (1.75 billion pounds) deal, people close to the matter told Reuters.

BASF to launch construction chemicals unit sale in spring: sources

12 Feb 2019

FRANKFURT BASF will launch the sale of its $3 billion-plus construction chemicals business in the spring, as part of the German chemicals group's drive to focus on more profitable operations, people close to the matter said.

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