Decanter | 29/11/2017
Decanter LVMH, the French luxury goods group that includes Krug and Dom Pérignon Champagne, has signed a deal to buy control of cult Napa winery Colgin Cellars, in the latest in a string of wine estate deals this year. LVMH said on Tuesday 21th November that it had agreed to buy 60% of Colgin Cellars, which has […]
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Independent | 29/11/2017
Independent Shares in Ocado surged by more than 20 per cent on Tuesday after the online supermarket announced that it had struck a deal to cooperate with French retailer Groupe Casino. Ocado said that it had sealed a deal with Casino for the latter to use its e-commerce platform to help bolster its online business. As part […]
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Nasdaq | 29/11/2017
Nasdaq Statoil ASA has entered into an agreement with Total SA to acquire equity interests in two fields – Martin Linge and the Garantiana- from the latter for a total consideration of $1.45 billion. The fields are located in the Norwegian continental shelf (NCS). Statoil will acquire a 51% stake in the Martin Linge field and 40% […]
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| 29/11/2017
Time Meredith Corp. announced Sunday that it is buying Time Inc. for about $1.8 billion, a deal CEO Stephen Lacy called “a transformative and financially compelling growth opportunity” that joins two giant magazine companies. Meredith brings with it a magazine portfolio that includes Better Homes & Gardens, Family Circle, allrecipes and Shape, while Time Inc. […]
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CNBC | 29/11/2017
CNBC Elon Musk’s SpaceX has raised another $100 million as part of its latest funding round, according to new regulatory documents. In August, the space exploration company sold $349.9 million worth of shares, a Securities and Exchange Commission (SEC) filing showed. That amount has now risen to $449.9 million, a new filing showed on Monday, adding an extra […]
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Reuters | 29/11/2017
Reuters Germany’s biggest insurer Allianz plans to buy the shares in French credit insurance firm Euler Hermes it does not yet own for around 1.85 billion euros ($2.2 bln). Allianz said on Monday that it struck a deal to buy 11.3 percent of Euler Hermes’ stock for 122 euros per share in cash, taking its holding to […]
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Reuters | 14/11/2017
Reuters French agricultural group InVivo has agreed to buy gardening chain Jardiland to strengthen its position in a sector drawing competitors from do-it-yourself stores to internet distributors. InVivo’s retail division will acquire Jardiland from investment fund L-GAM, which will become a shareholder in InVivo Retail, InVivo CEO Thierry Blandinieres told reporters. Click here to read […]
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Bloomberg | 14/11/2017
Bloomberg Pfizer Inc. has sold its stake in a joint venture with China’s Zhejiang Hisun Pharmaceuticals, reducing the U.S. drugmaker’s presence in one of the world’s largest and fast-growing pharmaceutical markets. The $295 million partnership was announced in 2011 and formalized a year later, and was meant to develop, manufacture and commercialize pharmaceutical products in China and throughout the world. Click here […]
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Bloomberg | 14/11/2017
Bloomberg Amazon.com Inc. agreed to sell some of its Chinese cloud assets to its local partner but said it’s committed to a domestic market for internet-based computing that could be worth $30 billion. Beijing Sinnet Technology Co. will buy servers and other unspecified “operational assets” in the country’s capital from Amazon Web Services for as much as 2 […]
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Bloomberg | 14/11/2017
Bloomberg Credit Agricole SA agreed to buy a controlling stake in Italian wealth manager Banca Leonardo and will make an offer for the rest of the company. Indosuez Wealth Management, a unit of the French bank, agreed to purchase 67.67 percent of Leonardo from a group of shareholders that include Exor SA and Eurazeo SA, Credit […]
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