The European Commission has extended by ten days its competition review of the purchase of MÁV Cargo, the spun-off freight unit of state-owned Hungarian railway company MÁV.
Alternative-energy company PannErgy announced on the website of the Budapest Stock Exchange that it had sold 1,677,914 shares of its packaging-materials unit Pannunion at a subscription price of Ft 250 per share in a public offer concluded on September 19.
Haggling over a $700 billion bailout to tackle the worst US financial crisis since the Great Depression looked set to drag into next week, threatening to keep markets on tenterhooks over the shape of the Wall Street rescue.
Dutch Philips Electronics said its lighting unit was on track to achieve its earning before interest, taxes and amortization (EBITA) margin target of 12% to 14% for 2010.
Gasol Plc has signed an agreement with Afren Plc and Electricite de France to look at establishing a joint venture on developing gas assets in West Africa.
Norways Aktiv Kapital has entered into an agreement with one of the world leading financial institutions to purchase a consumer credit portfolio in Austria with face value of NOK 2,141 million (EUR 258 million).
Mark Mobius, managing director, Templeton Asset Management, claimed that widespread and ongoing fears of a European-wide recession have been exaggerated, Eurofinance said in a press release.
The technology group Linde Group and Vattenfall Europe Technology Research GmbH, a subsidiary of the Vattenfall energy group, have entered into a wide-ranging technology partnership for carbon dioxide separation in coal-fired power stations.
