Sergey Galitskiy took less than two decades to build OAO Magnit from scratch into Russia’s retail leader. With the wealth that’s brought him, the billionaire is training local kids to challenge the country’s soccer elite.
Citigroup Inc., Goldman Sachs Group Inc., Mediobanca SpA and UBS AG will underwrite Banca Monte dei Paschi di Siena SpA’s 3 billion-euro ($4 billion) stock sale, said two people with direct knowledge of the transaction. The shares fell the most in almost eight months.
BT Group Plc, the biggest U.K. phone company, said its BT Sport channel will pay $1.4 billion for exclusive live broadcast rights for the UEFA Champions League and the UEFA Europa League soccer tournaments.
Electricite de France SA, the world’s biggest operator of nuclear reactors, and Veolia Environnement SA are near an agreement to split their Dalkia energy-services company, said people familiar with the matter.
Numericable SAS, the cable provider attempting the biggest initial public offering in France in four years, received sufficient demand to cover all the available shares in the 652.5 million euro ($900 million) sale, said two people with knowledge of the matter.
Mergers and acquisitions activity will probably gain momentum in the coming months as European companies get the confidence to embark on transactions, said investment bankers at Bank of America Corp. and Barclays Plc.
PSA Peugeot Citroen is considering stake sales to Dongfeng Motor Corp. and the French government to shore up funding as car sales in Europe plunge to a 20-year low, people familiar with the matter said.