from the LOTOS Group.
Malev, Hungary's national carrier may follow suit as talks of its acquisition are under way. Its acquisition is currently being discussed with the National Development Industry. Vueling, a subsidiary of Iberia, has set its eyes on purchasing the distressed airline company. If all goes well, the board of directors at Veuling may decide to go ahead with the purchase.
Meanwhile, Lead Equities supported a the acquistion of MCL-Group in a MBO. This investment is expected to improve MCL-Group's product and service offerings as well as strengthen its sales team. The MCL-Group is an IT company based in Germany.
In Romania Twitter acquired Summify which is seen as an acquisition of talent rather than a purely business transaction. Summify is a startup company based in Romania which uses social analytic data to create news for individuals.
Talk about growth and expansion, EPAM Systems has announced its IPO which will be underwritten by Citigroup, Barclay's Capital, Renaissance Securities of Moscow and UBS Investment Bank. Proceeds from the IPO shall be used for future acquisitions and general corporate expenses. Initial offering price shall be between USD16 to USD18.
More information about all transaction can be found on www.invest-iq.net