National Bank of Greece (NYSE:NBG) and Eurobank Ergasias are said to be in discussion in regards to a possible merger that, if successful, could form that country’s largest lending institution. The talks emerge while Greece’s struggling lenders are under enormous pressure to survive by supporting one another.
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It appears that France, Germany and the United Kingdom are unable to come to terms on what their interests will be in a new entity should the ongoing merger between European Aeronautic (EADSY.PK) and BAE Systems (BAESY.PK) somehow work out. Spiegel Online reports that the talks have collapsed because of the problem, but EADS declares that its merger with BAE is still viable and that it has not been ordered to halt the procedure by any of the governments involved. The firm added that it will continue to work towards the October 10th deadline handed down by the United Kingdom.
Kraft Foods Europe, which now forms a part of Mondelez International (NASDAQ:MDLZ), will acquire the Vitasnella snack unit in Italy from Danone (DANOY.PK) for an unreported amount. At the same time, Danone will retain Vitasnella’s yogurt and businesses which permits Kraft to concentrate on a quickly growing snack sector that is surpassing other consumer segments.
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