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Nordic Capital-led consortium raises takeover price for Bavarian Nordic to $39 per share

(Reuters) -Bavarian Nordic said on Wednesday a consortium led by Nordic Capital and Permira had raised its offer price for the vaccine maker to 250 Danish crowns ($39) per share after its initial bid was not accepted by a sufficient number of investors. Innosera, a newly formed entity controlled by the consortium, had offered to …

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German drone maker Quantum nears funding round that could triple valuation

BERLIN (Reuters) -German drone maker Quantum Systems is close to completing a 150 million euro ($175 million) funding round that could triple its valuation to 3 billion euros, Manager Magazin reported on Thursday, citing unnamed sources. The startup company, whose new drone “Jaeger” is designed to intercept hostile unmanned aircraft, has seen demand surge following …

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Chemicals maker Croda warns of tough trading as US tariffs pressure customers

(Reuters) -British specialty chemicals maker Croda International flagged on Thursday a continued challenging trading environment for the rest of the year as U.S. tariffs were hurting exports of its pharmaceutical and agricultural customers in some regions. The company, which provides ingredients for the beauty, agriculture, and pharmaceutical industries, pointed to low visibility in its order …

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UK’s Travis Perkins like-for-like sales rise on promotions

(Reuters) -Britain’s Travis Perkins reported a 1.8% rise in third-quarter like-for-like (LFL) sales on Thursday, as the building materials supplier invested in pricing and targeted promotions to win back market share in its core merchanting business. The revenue growth comes as Travis Perkins battles intense competition in a subdued UK construction market and prepares for …

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UK courts Australian super funds in overseas investment push, sources say

By Iain Withers and Tommy Reggiori Wilkes LONDON (Reuters) -Britain will hold investment talks with Australia’s biggest pension funds next week, sources told Reuters, as the government tries to draw in overseas cash and learn lessons to help shake up the UK pensions system. Executives from more than a dozen Australian firms including superannuation funds …

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Markets relieved, but France’s fiscal fire still burns

By Alun John, Dhara Ranasinghe and Stefano Rebaudo LONDON (Reuters) -France’s financial markets are riding a roller-coaster, as the country grapples with one of its worst political crises in decades, and while sentiment is improving, the bumpy ride is not over.  French Prime Minister Sebastien Lecornu has promised to suspend a landmark pension reform until …

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Private equity firm Ardian raises $20 billion for infrastructure in Europe

By Alessandro Parodi PARIS (Reuters) -Ardian has raised a record $20 billion for its next-generation fund dedicated to energy, transport and digital connectivity in Europe, showing strong investor interest in critical infrastructure, the French private equity firm said on Thursday. With U.S. President Donald Trump reshaping global alliances and trade policies, Europe is seeking private …

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Economic reforms needed to foster Mittelstand investment, German banks group head says

By Christian Kraemer WASHINGTON (Reuters) -Germany’s Mittelstand could invest much more but is hesitating because reforms to strengthen the country as a business location are still lacking, the president of the German Savings Banks Association (DSGV) told Reuters. German Chancellor Friedrich Merz took office in May promising to revive stagnant growth following two years of …

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UK’s Reeves should go big on tax increases in November, think tank says

LONDON (Reuters) -British finance minister Rachel Reeves should raise taxes by a lot in next month’s budget to exit the “Groundhog Day scenario” of continuously having to find measures to patch up the public finances, a think tank said on Thursday. The Institute for Fiscal Studies urged Reeves to stop giving herself only minimal headroom …

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