Qalaa Holdings, one of Egypt's largest investment companies, has signed a deal to sell its 80 percent stake in investment bank Pharos, Qalaa said in a statement on Tuesday.
1 min read · 03 February 2015
Food distributor Sysco Corp said it would sell 11 distribution centers run by takeover target US Foods Inc to far smaller rival Performance Food Group if skeptical antitrust regulators approve the merger with US Foods.
2 min read · 03 February 2015
Lululemon Athletica Inc (LULU.O) founder Chip Wilson said on Monday he is quitting the board of directors of the yogawear retailer, hit nearly two years ago by a major recall, because the company was back on track with a strong management team.
2 min read · 03 February 2015
UK-based private equity firm Mid Europa Partners said on Monday it had signed a binding agreement to buy a majority stake in Serbia's Danube Foods Group, which includes the country's major dairy producers and a large mineral water bottling plant.
1 min read · 02 February 2015
India fragrance maker S.H. Kelkar & Co, partly owned by Blackstone Group, has appointed four banks to raise between $100 million to $125 million through an initial public offering, sources told Reuters.
1 min read · 02 February 2015
Intel has agreed to buy German network chipmaker Lantiq for an undisclosed amount to expand its range of chips used in Internet-connected gadgets, the companies said on Monday
1 min read · 02 February 2015
Machine component manufacturer Suzo-Happ is raising 185 million euros of leveraged loans to back its acquisition of Swedish peer Scan Coin and refinance existing debt, sources told Reuters.
1 min read · 30 January 2015
A consortium comprising private equity firms Bain Capital and Advent International has entered the race to buy Italian bank services provider ICBPI, filing a bid just short of 2 billion euros ($2.27 billion), sources told Reuters.
1 min read · 30 January 2015
The GoGo Squeez fruit puree maker Materne SAS turned down European investment company Eurazeo SA's offer to buy it at 800 million euros ($906 million) last year, Bloomberg reported citing sources familiar with the matter.
1 min read · 30 January 2015
Growth-hungry investors snapped up shares offered by Shake Shack Inc (SHAK.N: Quote, Profile, Research, Stock Buzz), setting the stage for a sizzling debut for the New York-based burger chain when its stock starts trading on Friday, Reuters reported.
2 min read · 30 January 2015
