Ownership changes news and stories by mail.com

Ownership changes

Chinese automaker Geely buys maker of London cabs
The Chinese automaker that owns Sweden's Volvo Cars said Friday it has acquired the British manufacturer of the distinctive London cab. Geely Holding ...
Greece accepts $31 million bid for island plot
Greece's state privatization fund says it has accepted a €23 million ($31 million) bid from New York-based investors to develop real estate on the ...
EU turns down UPS acquisition of TNT
The European Union's antitrust chief on Wednesday rejected a $6.9 billion deal for UPS to acquire Dutch delivery company TNT Express and said he was ...
Italian bank official: Nationalization is possible
The chairman of embattled Italian bank Monte dei Paschi says nationalizing the world's oldest running bank remains "potentially" possible — but ...
Portugal postpones sale of public broadcaster
Portugal's government is postponing its planned privatization of the public broadcaster after complaints from private channels that the advertising ...
Mayor KJ tells Seattle 'don't celebrate too early'
Sacramento Mayor Kevin Johnson had a stern warning for Seattle SuperSonics fans who are excited about the prospect of the NBA returning to the Puget ...
Cyprus insists against privatizations in bailout
Cyprus insists it will resist privatizing state-owned companies, even if its public debt burden is deemed too heavy to bear once it receives an ...
UK's Stansted airport being sold for $2.38 billion
The company that owns London's Stansted airport says it is selling it to the Manchester Airports Group for 1.5 billion pounds ($2.38 billion.) Airport ...
Greek bank to split after failed sale
Greece's Finance Ministry says state-run lender Hellenic Postbank will be split up following a failed attempt to privatize it earlier this month.
Rio Tinto CEO departs after $14BN write-down
The chief executive of mining giant Rio Tinto PLC and another senior executive are stepping down immediately after the company announced a $14 billion ...
Peugeot workers occupy plant slated to be sold
Hundreds of Peugeot Citroen workers occupied a French factory scheduled to be sold off, largely shutting down production on Wednesday in a protest ...
Cypriot central bank chief rules out debt haircut
Cyprus' central bank chief has ruled out writing down the government's debt as part of an international bailout currently being negotiated, insisting ...
UPS abandons $6.9 billion deal for TNT Express
UPS scrapped plans to grow in Europe through the acquisition of Dutch delivery company TNT Express because European regulators were getting ready to ...
UPS abandons $6.9 billion takeover for TNT Express
Shares in package delivery company TNT Express NV lost almost half their value Monday after that United Parcel Service Inc. had decided to ditch its ...
Swatch in $1 billion deal for Harry Winston brand
Switzerland's biggest watch maker, Swatch Group AG, will pay about $1 billion to acquire Canada's Harry Winston watch and jewelry brand, officials ...
A look at corporate deals the EU has ruled on
United Parcel Service Inc. has walked away from a proposed $6.9 billion takeover of the Netherlands TNT Express NV, claiming European Commission ...
Cyprus president: no privatization in bailout deal
Cyprus' president said Wednesday he would refuse any request by international lenders to sell off state-owned companies as part of a finalized ...
GE to buy aviation unit of Italy's Avio for $4.3B
Industrial conglomerate General Electric plans to buy the aviation business of Italian manufacturer Avio for $4.3 billion to grow its jet propulsion ...
GE to buy Avio aviation business for $4.3 billion
Industrial conglomerate General Electric says it will buy the aviation business of Italian manufacturer Avio for $4.3 billion to strengthen its growth ...
UK insurer Aviva sells US unit to Athene Holding
British insurer Aviva PLC is selling its U.S.
For the New York Stock Exchange, a sell order
The Big Board just isn't so big anymore. In a deal that highlights the dwindling stature of what was once a centerpiece of capitalism, the New York ...
Portugal postpones state airline privatization
The Portuguese government announced Thursday it has postponed the privatization of national airline TAP Air Portugal after the sole bidder failed to ...
BP selling stake in big Chinese gas field
British oil company BP says it is selling its stake in a South China Sea gas field to Kuwait Foreign Petroleum Exploration Company for $308 million ...
Ireland rejects latest Ryanair bid for Aer Lingus
The Irish government announced Tuesday it won't sell its 25 percent stake in Aer Lingus to Ryanair because a merged airline would be likely to ...
French president faces tough new year
France's President Francois Hollande may be facing a tough 2013, now that the opposition conservatives have ended a month of internal feuding and the ...