European Firms Cut China Investments Amid Economic Slowdown
European firms reduce investments in China amid economic slowdown, overcapacity, and trade tensions, as profits decline and competition intensifies.
European firms reduce investments in China amid economic slowdown, overcapacity, and trade tensions, as profits decline and competition intensifies.
Monte dei Paschi di Siena (MPS) secures ECB approval for its €14.2B takeover bid of Mediobanca, despite opposition. Deal conditions set, but no minimum investor threshold required. Italian banking consolidation intensifies.
French bank BPCE acquires 75% of Portugal's Novo Banco from Lone Star in a €6.4B deal, marking one of Europe's largest banking transactions. Expected to close in 2026.