takeover
International Airlines Group (IAG), owner of Aer Lingus, British Airways and Iberia has again withdrawn from its takeover bid of €400m for Spanish airline Air Europa. It is the second time it has done so. IAG already owns 20% of Air Europa, with the remaining 80% belonging to Globalia, a Spanish tour operator. Luis Gallego, chief executive officer (CEO) of IAG said: "We believe this decision is in the best interests of our shareholders. IAG remains committed to its strategy, including competing effectively from its Madrid hub. "This is a strategy which is delivering strong results. We will con...
Euronews (English)
French cosmetic giant L'Occitane International has announced it is to delist its shares from the Hong Kong Stock Exchange (HKEX), and take them back into private hands. The company has blamed the rising competition in the luxury goods market, as well as the complications of operating as a listed company. In April of this year, L'Occitane's majority stakeholder Reinold Geiger offered €1.7bn to take over the remaining 28% of the company, with extensive financial backing from Goldman Sachs and Blackstone. At the time, the company was valued at some €6bn. L'Occitane International has now revealed ...
Euronews (English)
The Body Shop’s French subsidiary could potentially face closure, with the company already in receivership and being left with only one bid to take it over. This bid is also unlikely to be much help, as it is only for a partial takeover. Unless more buyers are forthcoming soon, the company will be facing compulsory liquidation. The Body Shop revealed that it had entered administration on 13 February 2024, and has been struggling since then, with several store closures and staff redundancies. However, the chain is still trading as of now, albeit at a reduced capacity, with the online site limpi...
Euronews (English)
Lufthansa says it is close to getting the go ahead from the European Union (EU) for its takeover of the Italian national carrier ITA Airways, with the EU competition authority about to sign off on it. Lufthansa's shares fell 5.57% on Thursday evening, trading at €5.93. The deal is likely to be worth about €325 million for now and will allow Italy to dispose of ITA Airways, which has been a loss-making asset for a while now, therefore going some way towards plugging national finances. The deal needs to be finalised by 4 July, although the details may still change by then. Lufthansa is likely to...
Euronews (English)
BHP and Anglo American have finally ended weeks of tense negotiation talks, with BHP recently pulling out of the takeover deal after three rejected bid proposals. Anglo American, which refused to further extend the deadline for BHP to come back with a revised fourth proposal, left BHP with little choice under British law but to withdraw and not offer again for at least six months. Some of BHP's conditions for the takeover included Anglo American needing to divest its businesses in South Africa, such as Anglo American Platinum and Kumba Iron Ore. The requirements had already faced major backlas...
Euronews (English)
The owner of Royal Mail confirmed on Wednesday that it had accepted a £3.6 billion ($4.6 billion) takeover offer from the Czech investor, Daniel Křetínský. Under the deal, Křetínský’s EP Group would buy International Distribution Services, which owns Royal Mail, for 370 pence ($4.72) per share. Including debt, the deal values IDS at £5.2 billion ($6.6 billion). It said EP Group would offer a series of “contractual commitments and intentions” to protect public service aspects of the 500-year-old postal service. Long state-owned, Royal Mail was privatised by the U.K.’s Conservative government in...
Euronews (English)
閲覧を続けるには、ノアドット株式会社が「プライバシーポリシー」に定める「アクセスデータ」を取得することを含む「nor.利用規約」に同意する必要があります。
「これは何?」という方はこちら