Candover abandons €3bn buy-out fund

Move underlines grim outlook for big buy-out groups that once dominated the M&A market but are now struggling to do deals and cope with losses

• EU seeks pact on hedge funds
• 20 questions: Guy Hands

Tycoon brushes off potential Rusal delay

Russian tycoon Oleg Deripaska insists it is ‘no problem’ if the $2bn initial public offering of aluminium group UC Rusal is delayed into next year

• Lex: Rusal
• Rusal to agree $17bn debt restructuring

Daimler shift sparks union concerns

The carmaker is moving parts of the production of its C-Class sedan to the US, exposing the mismatch between large domestic footprints and global sales of many German industrial companies

Sellers increase size of Taikang stake on offer

Potential foreign buyers of the French insurer’s key holding in the leading Chinese life assurer are being offered 19.99%, a larger shareholding than previously indicated

Peugeot weighs buying Mitsubishi stake

PSA Peugeot Citroën is in talks with Japan’s Mitsubishi Motors over a broad-based alliance which may include a capital tie-up

Whistleblower challenges US court ruling

The whistleblower central to the US government’s drive to crack down on tax evasion in Switzerland has launched a challenge to have his prison sentence overturned

Hochtief pulls infrastructure offering

Blow for European stock markets, which have in recent months gradually opened up for larger listings following a long drought period

Peugeot and Mitsubishi talk of alliance

In a sign that a full-blown partnership was more a discussion topic than a done deal, analysts wonder how the alliance might be structured and financed – and whether it made strategic sense