Douglas Busvine

VW to float 10% of truck unit, seeks to raise 1.9 billion euros

14 Jun 2019

FRANKFURT Volkswagen aims to raise up to 1.9 billion euros ($2.1 billion) by listing truck unit Traton, it said on Friday, scaling back earlier ambitions to list up to a quarter of the unit by opting to float a 10% stake. | Video

Bayer to invest $5.6 billion in weedkiller research to help reputation

14 Jun 2019

FRANKFURT Germany's Bayer sought to repair its reputation on Friday after damage caused by U.S. litigation over claims its glyphosate pesticide causes cancer, saying it would invest 5 billion euros ($5.6 billion) in weedkiller research.

Telcos howl, markets hail German 5G auction as newcomer joins fray

13 Jun 2019

FRANKFURT Germany's pricey 5G spectrum auction drew protests from existing mobile operators but cheered investors betting the entry of a new player will revive competition and help close a connectivity gap with the United States and Japan.

Germany raises 6.55 billion euros in epic 5G spectrum auction

13 Jun 2019

FRANKFURT Germany raised 6.55 billion euros ($7.4 billion) from its 5G mobile spectrum auction, the Federal Network Regulator (BNetzA) said on Wednesday after a near three-month battle that will see a fourth operator enter the market.

KKR offers 40% premium to buy out Axel Springer minorities

12 Jun 2019

FRANKFURT U.S. private equity investor KKR on Wednesday offered a 40% premium to buy out minority investors in Axel Springer in a deal that entrenches the influence of the main shareholders at the publishers of Germany's Bild newspaper.

Berlin startup Adjust raises $227 million in bet on mobile ad growth

12 Jun 2019

FRANKFURT Adjust, a Berlin startup specializing in audience measurement and fraud prevention in mobile advertising, said on Wednesday it had raised $227 million to invest in expanding its platform and growing in new markets.

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