Share News: E.On May Sell Gazprom Stake to Russian Bank VEB

Share News: E.On May Sell Gazprom Stake to Russian Bank VEB

UK Shares News

US Shares News

European Shares News

A daily look at the leading shares in the UK, US and the rest of the world sponsored by paddypowertrader. For today’s view see Shares Markets.

Share Trading - 26 Nov 2010

UK Share Trading News

UK Banks - Britain's five largest retail banks will commit up to GBP 1.5bn to the "Big Society Bank" as part of an agreement under discussion that could lead to the Government backing off from tougher reform of the financial sector. (Telegraph)
BT Group – Co. will continue to hold its 29.9% stake in Tech Mahindra for some time. (Sources)

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US Share Trading News

Genzyme/Sanofi – Genzyme, which is a target of a USD 18.5bn takeover from Sanofi-Aventis, would be open to linking the offer to the performance of its Campath drug, according to Genzyme’s CEO. (Le Figaro)

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European Share Trading News

ArcelorMittal – Co. will build steel plants in the Indian states of Jharkhand, Orissa and Karnataka. (Business Standard)
Sanofi/Genzyme – Genzyme, which is a target of a USD 18.5bn takeover from Sanofi-Aventis, would be open to linking the offer to the performance of its Campath drug, according to Genzyme’s CEO. (Le Figaro)
E.On – During her meeting with Russian PM Putin today, German chancellor Merkel may discuss the possible sale of co.’s stake in Gazprom to Russia’s state-owned bank VEB. (Sources) In other news, co. has revived plans to sell off its Italian gas distribution network. (Milano Finanza)
Merck – Co. said the US FDA has extended priority review for Cladribine by three months. (RTRS)
Repsol – Co. has informed US SEC of its plan to sell a stake of up to 15% in Argentine unit YPF. (Sources)
Generali – Co. is holding its Investor Day in Venice today from 0800 GMT – 1200 GMT. (Sources)
Novartis – UK health watchdog NICE has rejected to recommend Everolimus (Afinitor) used for the treatment of advanced renal cell carcinoma. (Sources)

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Data provided by RANsquawk. The above comments do not constitute investment advice. Paddypowertrader, RANsquawk and Clean Financial do not accept any responsibility for any use that may be made of the above or for the correctness or accuracy of the information provided. All reasonable efforts have been made to present accurate information.

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Article edited by paddypowertrader which is a trading name of London Capital Group Ltd which is authorised and regulated by the Financial Services Authority (FSA), FSA Register number 182110.

'Share News: E.On May Sell Gazprom Stake to Russian Bank VEB' edited by paddypowertrader, updated 26-Nov-10

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Shares Markets Index - an index of articles looking at some of the World's leading companies and their shares.

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