AMSTERDAM – Dutch technical services company Imtech NV said it has acquired German IT-specialist BMS for an undisclosed sum.
MILAN – Unicredito Italiano SpA said first quarter net profit rose 28.8 pct to E1.780bn from E1.382bn a year earlier, beating market expectations as results benefited from the integration of its German peer HVB Group AG, bought end-2005.
AMSTERDAM – ABN Amro Holding NV launched a public information campaign to reassure customers their savings and investments are still safe amid ongoing uncertainty in the takeover battle around the Netherlands' largest bank.
ZURICH – Converium Holding AG said that Scor has improved its takeover offer to 0.5 new Scor share for every Converium share plus sfr 5.5 in cash, and advises shareholders to accept the offer which values each Converium share at sfr 23.2.Converium Holding AG's chief executive Inga Beale will help integrate Converium into Scor and will then resign from office, at the end of this year at the latest, head of investor relations Marco Circelli told Thomson Financial News.
PARIS – L'Oreal said it has acquired US luxury hairdressing products company PureOlogy Research, describing it as one of the fastest growing brands in the US.
BEIJING – Shanghai-based Bright Food Group, parent of Bright Dairy & Food Co Ltd (SHA 600597), has denied a media report that it has been holding talks with Goldman Sachs and is likely to introduce the US-based financial house as an investor.
SEOUL – Hanaro Telecom's largest shareholder AIG Newbridge Capital has started the sale process for the South Korean telecom firm by appointing Goldman Sachs to manage the sale, Maeil Business Newspaper reported, citing sources close to the deal.
SYDNEY – Rio Tinto Ltd was trading lower following Wednesday's sharp rise in the stock which was sparked by speculation of a possible takeover proposal from BHP Billiton Ltd.
SYDNEY – Mexican cement group Cemex SA said it has extended is revised $15.85 a share takeover offer for Australian construction products company Rinker Group Ltd to June 8.
SYDNEY – Babcock & Brown Wind Partners Group (BBW) said it has agreed to acquire two wind farms in Spain from Japanese companies Electric Power Development Co Ltd and Marubeni Corp for about aud $180m.
LISBON – Banco Espirito Santo SA is in talks to acquire West LB Americas in a deal worth over E1bn, which is still being finalised, Diario Economico reported without citing sources.