Bayer AG is in early talks to acquire Norwegian partner Algeta ASA for about 14.8 billion kroner ($2.42 billion), a move that would give Germany’s biggest drugmaker full control of a prostate cancer medicine and a pipeline of experimental radiation therapies.
OAO Gazprom bought Envacom Service GmbH, a German electricity and telecommunications provider, to enter the country’s consumer market, Frankfurter Rundschau reported yesterday, citing the head of the German company.
Financial Times Deutschland, the unprofitable pink newspaper that was spun off from the U.K. title, was shuttered today, the latest victim of contracting circulation and advertising revenues as readers go online.
German Chancellor Angela Merkel may be preparing a rerun of her “grand coalition” with the Social Democrats to secure re-election, an alliance that would pit their backing for euro bonds against her demand that the region embrace austerity to solve the debt crisis.
German politicians’ derogatory and conflicting comments about other euro member states have created an impression of arrogance and sullied Germany’s image abroad, Foreign Minister Guido Westerwelle said.
Landesbank Hessen-Thueringen, which will take over WestLB AG’s Verbundbank unit, also wants to acquire the German lender’s cash management and depositary bank operations, Frankfurter Rundschau reported today, citing people involved in the negotiations between WestLB and Helaba.