Italy’s UniCredit stunned markets by clandestinely raising its stake in Germany’s second-largest lender to 21%. As Commerzbank’s management now tries to fend off a possible takeover, the government stands by its side. Why has UniCredit...
Peugeot and Fiat Chrysler have said the plan will result in €3.7 billion in savings, allowing them to work on creating more sustainable vehicles. The new company will be a 50-50 merger of the two....
Germany’s two largest lenders, Deutsche Bank and Commerzbank, have confirmed they are in merger talks, bowing to pressure from the government. Both banks saw their share prices collapse by more than half last year. Germany’s...
US chipmaker Intel has announced it will buy Israeli tech company Mobileye. With the multibillion-dollar acquisition, Intel wants to obtain a leading role in the production of autonomous driving technology. In what’s deemed to be...
Telecommunications giant AT&T has agreed to buy media company Time Warner in a deal worth $85.4 billion. The deal, the world’s largest this year, could shake up the media landscape but still needs regulatory approval....
Daimler’s ride-hailing Mytaxi and British rival Hailo are willing to merge as both companies take on US-based Uber. The new entity will operate in over 50 cities to become Europe’s largest taxi network. Mytaxi of...
A new residential real estate giant is in the making in Germany’s housing market. Deutsche Wohnen has made a bid for its rival GSW to form the second largest housing company in the country. Deutsche...
The US government has challenged the merger of American Airlines and US Airways, saying it would cause “substantial harm” to consumers. The carriers could launch their own legal challenge or agree to concessions. On Tuesday,...
Mining group Xstrata and commodities firm Glencore have agreed new terms for their tie-up, clearing the way for the biggest-ever mining industry merger. The original deal looked set to founder on shareholder resistance. Swiss mining...