REUTERS | 28/06/2017
REUTERS Privately-held hypermarket operator Auchan Retail is stepping up its investments in Ukraine, with the acquisition of local retailer Karavan, the French company said on Tuesday. Auchan, which is present in 17 countries and makes 65 percent of revenue outside France, operates 11 hypermarkets in five Ukrainian cities and employs 3,600 people. Click here […]
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PV-MAGAZINE | 28/06/2017
PV-MAGAZINE The French power utility, which is also the parent company of the independent power producer Neoen, has made another step into the renewable energy sector. French power utility Direct Energy has agreed to acquire France-based renewable energy power producer Quadran for about €303 million. Click here to read full article
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REUTERS | 28/06/2017
REUTERS Tati, the iconic cut-price shop whose historic store stands near Paris’s Sacre Coeur monument, is to be sold to domestic rival Gifi, said a lawyer involved in Tati’s restructuring process. Thomas Hollande, the son of former French President Francois Hollande who was acting as a lawyer for Tati’s employees, said the deal would save […]
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GLOBENEWSWIRE | 28/06/2017
GLOBENEWSWIRE France’s JCDecaux will create a joint venture with Mexican telecommunications group America Movil, it said on Tuesday, as part of the outdoor advertising company’s drive to expand in Latin America. The two groups will merge their out of home (OOH) advertising businesses, with JCDecaux holding 60 percent of the new company, JCD Out Of […]
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NYTIMES | 28/06/2017
NYTIMES Russian billionaire Mikhail Fridman’s L1 Retail has agreed to buy Britain’s Holland & Barrett for 1.77 billion pounds in its first acquisition, betting on continued growth and expansion abroad for the health foods chain. L1 Retail, part of Fridman’s empire that spans investments in ride-hailing firm Uber to North Sea assets, said it expected […]
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MARKETWATCH | 28/06/2017
MARKETWATCH Building materials supplier Martin Marietta Materials Inc agreed to buy privately held Bluegrass Materials Co for about $1.63 billion in cash to expand into mid-Atlantic region. Bluegrass Materials, which makes aggregates and concrete blocks, operates 23 sites across Georgia, South Carolina, Maryland, Kentucky and Tennessee. Click here to read full article
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REUTERS | 28/06/2017
REUTERS U.S. motorcycle maker Harley-Davidson is lining up a takeover bid for Italian rival Ducati, potentially bringing together two of the most famous names in motorcycling in a deal that could be worth up to 1.5 billion euros. Indian motorcycle maker Bajaj Auto and several buyout funds are also preparing bids for Ducati, which is […]
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BNN | 28/06/2017
BNN Canadian Imperial Bank of Commerce has completed the $5 billion acquisition of Chicago-based PrivateBancorp, which will help it diversify from its domestic market, it said on Friday. CIBC, Canada’s fifth-biggest lender, has the biggest exposure to the country’s housing markets. Concerns are mounting about falling home prices in Toronto and Vancouver, and the bank […]
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Reuters | 22/06/2017
Reuters Europcar has agreed to buy Europe’s largest low-cost car rental company Goldcar, the French firm said, marking its fourth acquisition this year and sending its shares to a record high. Click here to read full article
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Gulfnews | 22/06/2017
Gulfnews Engie has agreed to buy a 40 percent stake in Dubai’s National Central Cooling Company and help drive the company’s expansion in emerging markets such as Turkey, India and Egypt. Engie is buying the stake for 2.8 billion dirhams ($762 million) from Abu Dhabi state investor Mubadala Investment Co, making it Tabreed’s second largest […]
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