MEDINDIA | 31/05/2017
MEDINDIA Novomed Group, France’s leader in the market of disposable medical kits, is happy to announce the acquisition of 100% of Mediq France’s shares, bought from Dutch Company, Mediq. Through this acquisition, the new group aspires to become a European leader in the medical materials market and aims to strengthen its digital offering as well […]
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FOREIGNBRIEF | 31/05/2017
FOREIGNBRIEF The European Commission will decide whether to approve a deal that would see electricity giant EDF acquire a controlling interest in part of Areva, a company that designs and manufactures nuclear reactors. Both firms are majority-owned by the French government. The European Commission’s competition watchdog is concerned that the deal might impact pricing and […]
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SILICON | 31/05/2017
SILICON Spotify has acquired a French artificial intelligence (AI) startup called Niland in an attempt to improve its delivery of music recommendations and fight off competition from the likes of Apple Music. The popular music streaming service described Niland’s “innovative approach to AI and machine learning based recommendation systems” as a perfect fit as it […]
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REUTERS | 31/05/2017
REUTERS A Chinese consortium is buying Ansell Ltd’s condom division, the world’s no. 2 condom maker, for $600 million, betting on surging demand in China as sex becomes less of a taboo subject and more emphasis is placed on public health education. The Australian firm, which put its oldest but smallest division up for sale […]
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REUTERS | 31/05/2017
REUTERS Financial and technology companies led by Bank of America Corp, SBI Holdings Inc, HSBC Holdings Plc, Intel Corp and Temasek Holdings have invested $107 million in R3 CEV, a startup which runs a big bank consortium seeking to develop blockchain technology, it said on Tuesday. Over 40 institutions from more than 15 countries participated […]
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FINANCETIME | 31/05/2017
FINANCETIME China’s Lianhua Supermarket Holdings Co Ltd said shareholder Shanghai Yiguo E-Commerce Co Ltd would sell an 18 percent stake in supermarket chain operator to a unit of Alibaba Group Holding Ltd. Lianhua said Shanghai Yiguo would transfer 201.53 million domestic shares to Alibaba (China) Technology Co Ltd. It did not provide a value. Based […]
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TRIBUNE | 31/05/2017
THE EXPRESS TRIBUNE Soft drink maker PepsiCo Inc is in talks to acquire All Market Inc, the owner of coconut water brand Vita Coco, whose celebrity investors include Madonna and Matthew McConaughey, people familiar with the matter said on Friday. The acquisition would help PepsiCo diversify its offerings as it grapples with stagnant sales, amid […]
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Reuters | 23/05/2017
Reuters Italy’s Investindustrial has placed a bid to buy British beauty retailer The Body Shop, the founder of the private equity firm Andrea Bonomi said. The sale by L’Oreal, which has owned the company since 2006, has drawn interest from a series of private equity investors and a decision is expected in the coming months. […]
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Reuters | 23/05/2017
Reuters French utility EDF is set to gain unconditional approval from the EU competition authorities for its plan to acquire a controlling stake in ailing nuclear power engineering group Areva’s reactor business. State-controlled EDF wants to acquire 51 to 75 percent of Areva NP, which designs, manufactures and services nuclear reactors and is worth about […]
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Reuters | 23/05/2017
Reuters British laundry services group Berendsen rejected on Thursday a revised, 2 billion pound ($2.6 billion) offer by French peer Elis, saying it did not reflect value being added by the UK firm’s expansion and modernization plans. Click here to read full article
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