The Local Germany

Energy giant EON to cut 5,000 jobs as part of huge takeover deal

Tue, 13 Mar 2018 09:57:25 +0100

German utility EON on Monday said it plans to cut up to 5,000 jobs as part of its takeover of the renewables unit Innogy from rival RWE, in a deal that will redraw the country's energy landscape.

Scania owners reject Volkswagen takeover bid

Sun, 23 Feb 2014 10:13:00 +0100

The proposed sale of Swedish truck giant Scania to Volkswagen is hanging in the balance after two of the company's owners said they were unwilling to sell their shares to the German manufacturer.

Porsche wins legal battle over failed takeover

Fri, 31 Dec 2010 12:41:00 +0100

German sportscar maker Porsche said Friday a US court has thrown out a lawsuit brought by US hedge funds claiming more than two billion dollars in damages over its failed 2008 attempt to acquire Volkswagen.

Bafin could scupper Hochtief takeover

Sat, 27 Nov 2010 11:06:00 +0100

Germany's financial supervisory authority Bafin has serious doubts about the planned hostile takeover of the country's largest construction company Hochtief by Spanish rival ACS, a media report said Saturday.

Deutsche Bank buys Dutch state bank

Thu, 24 Dec 2009 08:55:00 +0100

Germany's largest bank, Deutsche Bank, has completed its purchase of parts of state-owned Dutch lender ABN Amro for €700 million ($1 billion), ABN Amro said Wednesday.

Coca-Cola looking to buy Germany's Bionade

Fri, 31 Jul 2009 19:05:00 +0200

US soft drink giant Coca-Cola is eyeing a takeover of the pioneering German healthy soft drink label Bionade, according to a report in Handelsblatt on Friday.

Tyre maker Continental agrees to Schaeffler takeover

Thu, 21 Aug 2008 12:55:00 +0200

After initially saying no and weeks of wrangling, German tyre maker Continental finally said yes on Thursday to a much-sweetened takeover offer by industrial firm Schaeffler.