Deutsche Post AG, Europe’s largest mail service, is adding parcel centers and delivery sites with automation equipment to speed dispatching as a boom in online shopping may lift deliveries to more than 1 billion this year.
H. Lundbeck A/S, the Nordic region’s second-largest drugmaker, was fined 93.8 million euros ($125.6 million) by the European Union in its first case over pay-for- delay deals that held back sales of cheaper generic drugs.
Vodafone Group Plc raised its preliminary offer to buy Kabel Deutschland Holding AG to about 7.5 billion euros ($10 billion) to persuade Germany’s largest cable company to enter talks, said people familiar with the bid.
Deutsche Annington Immobilien AG, Germany’s largest residential landlord, plans to raise about 1.1 billion euros ($1.5 billion) in the second initial public offering in the country’s real estate industry this year.
Banks should be allowed to repackage assets such as loans and sell them on to investors to maintain the flow of credit to the economy, said Deutsche Bank AG co- Chief Executive Officer Juergen Fitschen.