Qatar’s interest in taking a stake in German luxury carmaker Porsche is in danger amid hesitation from its main shareholders, the Financial Times Deutschland reported on Wednesday.
German luxury sportscar maker Porsche said Tuesday that the state of Qatar was negotiating with it as the exclusive candidate to buy a stake in the heavily-indebted company.
Porsche and Volkswagen agreed on Wednesday to merge into a new German automobile giant – putting a new twist on the indebted luxury carmaker's attempted takeover of the much larger VW.
Volkswagen is mulling a takeover of the automotive business of luxury sports car maker Porsche, which would add a new twist in the German industrial saga, press reports said on Thursday.
Germany's second biggest power company, RWE, said Monday it had agreed to a €9.3-billion ($12.5-billion) acquire Dutch peer Essent in the biggest European takeover this year.
The German heavy truck maker MAN said on Wednesday it had raised its voting rights access in Swedish counterpart Scania to more than 20 percent, and emphasized its strategic interest in the firm.
German airline Lufthansa will have to raise its offer for Austrian Airlines if it wants to secure more than 75 percent of the ailing Austrian flag carrier, a shareholder group said Thursday.
German engineering group Siemens said on Tuesday it will sell its half of a computer joint venture with Fujitsu to the Japanese group for around €450 million ($566 million).
German airline Lufthansa said Wednesday it would boost its stake in British carrier BMI to 80 percent, giving it control of the company and a large foothold in Europe's biggest airport.
German automaker Daimler has said it wants to sell its remaining 19.9-percent interest in its former US subsidiary Chrysler to private equity firm Cerberus, which last year acquired a majority stake in Chrysler from Daimler.
The German Finance Ministry on Monday said the country’s exposure to the collapsed US investment bank Lehman Brothers was “manageable,” but that didn’t stop financial shares from tanking on the Frankfurt stock market.
Japan's Onward Holdings Corp. has agreed to buy German luxury fashion label Jil Sander for €167 million ($243 million) in a bid to expand globally, a company spokesman said on Tuesday.
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.
Berlin on Wednesday to block takeovers of German firms by petrodollar-rich investment vehicles known as sovereign wealth funds if they are deemed to jeopardize national security.
The German pharmaceutical laboratory Boehringer Ingelheim said on Tuesday that it intended to buy US biotechnology specialist Actimis for up to $515 million (€330 million).
