Dalian Wanda Group would be acquiring European movie theater chain. The Dalian Wanda Group of China is now discussing the acquisition of a Europe based chain of movie theaters.
Consumer Electronics
Blick Art Acquires Utrecht Art from Topspin Partners
Topspin Partners sells off its interest in Utrecht Art to Blick Art. Multi-channel retailer, Blick Art Materials, has purchased shareholdings in Utrecht Art Supplies.
Nakumatt Holdings Raising Funds for Expansion
Nakumatt Holdings MD Atul Shah said the retailer is now open for investors and expansion in East Africa.
Starwood in Discussion with Macerich
Starwood to purchase four Macerich malls. Starwood Retail Properties is in discussion with Macerich for the purchase of four low sales generating malls.
UPDATE - Tariko to gain control of CEDC
CEDC files Chapter 11 bankruptcy and cedes control to Roustam Tariko. The Central European Distribution Corp of Poland has filed for a pre-packaged bankruptcy in its efforts to decrease its debt load.
Latest News
UPS appeals EU decision to prohibit merger between TNT Express and UPS. The European Union regulator's decision to reject the Eur5. 16 billion bid by United Parcel Services for TNT Express NV would be appealed.
AB InBev is planning of boosting capital outlays in China, acquiring breweries and expanding markets.
CEDC's creditors voted approval for the Chapter 11 financial plan of the bankrupt company. According to a recent statement from the Central European Distribution Corporation, the creditors of the vodka maker are said to be supportive of the company's restructuring plan.
With eyes set on the increasing demands of East Africa's growing middle class, Kenya-based private equity firm Catalyst Principal Partners has started to make investments from its $125 million fund and property ventures.
Investment firm Energy Capital Partners has increased its offer for EnergySolutions Inc. by 40 cents or $4.15 per share.
Three tentative bids from private equity investors have been received for ferry group Scandlines, according to a source.
Former Hulu board member Peter Chermin offers US$500 million for Hulu. Hulu, the online video streamiong service established in 2007, has received an offer from former News Corp President Peter Chernin.
Amongst the plans of Hojiblanca Director General Antonio Luque is to purchase shares of Deoleo, primarily the Bankia stake in the olive oil maker.
Fairway Market, from its humble beginnings as a fruit and vegetable stand, can now stand to be worth US$495 million.
