German politician throws weight behind sale of VDO to Continental
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In the bidding war for Siemens&#39; car parts specialist, VDO, the regional state premier of Lower Saxony said Friday that he favoured a sale to a German company rather than a potential foreign investor.
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The government, goaded by presidential candidates into responding to large job cuts at the airplane maker Airbus, said it was ready to pump cash into the company and shake up a Franco-German power-sharing pact. Prime Minister Dominique de Villepin also called on the parent of Airbus, the European Aeronautic Defense and Space Company, to abandon paying a dividend this year to its shareholders, which include the French government, after announcing plans to cut 10,000 jobs. Some 4,300 of those jobs are in France. Mr. Villepin, above, said the government stood ready to participate if the holding company decided to tap its shareholders for more cash through a capital increase to shore up a company badly hit by delays to the new Airbus A380 superjumbo airliner. âThe state will play its role,â he said. However, EADSâs biggest private shareholder, the German car company DaimlerChrysler, has battled for years to prevent what it regards as state meddling.
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German broadcaster ProSiebenSat.1 is to be sold to a consortium of US and European private equity firms.
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NEW YORK, Dec. 13 -- Germany's biggest airline, Deutsche Lufthansa, said Thursday that it would pay $300 million for a 19 percent stake in JetBlue Airways, whose stock has lost about two-thirds of its value since an operational crisis last Valentine's Day.
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FRANKFURT It&#39;s been a hopping holiday season for Werner G. Seifert, chief executive of the German stock exchange company Deutsche BÃ¶rse.
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The chief executive of car maker   Volkswagen VOWG.DE, a major shareholder in Sweden's Scania   SCVb.ST, is "optimistic" that his firm can resolve   differences with Germany's MAN MANG.DE over MAN's bid for   Scania, the Wall Street Journal said on its website on   Thursday.
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Mr Verheugen was challenged on claims by Frits Bolkestein, the outgoing EU internal market commissioner, that a German commissioner in his job would be a lapdog of Berlin.
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Anger in Germany against mobile phone giant Nokia for closing a factory grew on Saturday with the head of one of the parties in the governing coalition joining the calls for a boycott.
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Deutsche Telekom said it had sold its remaining 7.3 percent stake in SES Global, the world's leading satellite operator, for approximately 345 million euros (449.5 million dollars).
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Germany's industrial giants Volkswagen and Siemens, and the European Aeronautic Defense and Space Company (EADS) are planning large investments in Russia, the newspaper Handelsblatt said Friday citing ...
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The newly designated EADS chief executive said in an interview published Thursday he backed the introduction of &quot;golden shares&quot; to allow Berlin and Paris to veto strategic decisions at the European aerospace giant.
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Kreditanstalt fuer Wiederaufbau (KfW), the state owned bank that the German government uses as a vehicle for privatisation, is selling via the open market a stake of around seven percent in telecommunications giant Deutsche Telekom.
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The German government and DaimlerChrysler have reached agreement on the &quot;broad outlines&quot; of a deal that will enable the car maker to sell part of its stake in European aerospace giant EADS while keeping it in German hands, a government spokesman has said.
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BERLIN -- DaimlerChrysler AG said Friday it sold a third of its stake in EADS, the parent company of planemaker Airbus, to a private investment group in a deal that will maintain the balance between German and ...Comment
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German telecommunications group Deutsche Telekom pursued its international offensive on Friday, annoncing the purchase of Dutch operator Orange Netherlands from its parent group, France Telecom.
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Business & money: Â· Two years of strife over dual control ends  Â· France and Germany fall out over raising new funds
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The German government on Monday sold shares worth â¬1.6 billion, or $2.14 billion, in Deutsche Telekom to the state-owned development bank KfW Group as the finance minister, Hans Eichel, strove to rein in the budget deficit.