RHJ International defended its planned purchase of Deutsche Bank AG’s BHF-Bank after a group of investors called for the Belgian investment firm focusing on banking and financial services to be broken up.
CVC Capital Partners Ltd. is pressing investors to commit to its 9 billion-euro ($12 billion) buyout fund within the next eight weeks to preempt European Union rules that could stop the private-equity firm seeking backers from the region, three people with knowledge of the fund said.
Italian prosecutors ordered the seizure of 8.1 billion euros ($10.5 billion) of assets belonging to the Riva family, one of Europe’s wealthiest industrial families and owners of Ilva, Europe’s largest steel plant.
Italian Finance Minister Vittorio Grilli, who has led a crackdown on tax evasion, bought his Rome apartment partly with funds from a Channel Islands account and then avoided sales tax on renovations by paying cash for about half the costs, Il Sole 24 Ore newspaper reported, citing documents it obtained.
A Toronto-based investment banker will pay more than $340,000 to settle U.S. regulatory claims that he made illegal trades based on confidential information that U.K. firm Tomkins Plc was a target for an acquisition.