KBA bought an 85% stake in Kammann Maschinenbau, a decoration press manufacturing firm owned by German private equity firm Perusa.
Consumer Electronics
HBC to acquire Saks for US$2.9 billion
Hudson's Bay Co said last Monday that they would acquire Saks Inc. for US$16 per share piece in cash including debt.
US recovery augurs well for diamond investors: analyst
A mining analyst said that improved consumer sentiment in the US is a good sign for diamond investors.
HBC welcomes retail brand Saks into family after giant deal
HBC and Saks Inc. made a definitive merger agreement worth US $2.9 billion. Saks Inc. and Hudson's Bay Company (HBC) announced that they made a definitive merger agreement.
PPG sells the rest of its controlling stake in Transitions Optical
PPG announced last Monday that it has agreed to sell all of its controlling stake worth US$1.73 billion in Transitions Optical.
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Hammerson Plc said that they are happy with the increase in revenue as rental income soar. Hammerson Plc announced that the value of its properties climbed as REIT's rental income soared.
PPG Industries announced that it sold its 51% stake in Transitions Optical to venture partner Essilor International.
Cubito announced that it had raised up to INR1 crore from India based angel investors to fund its expansion plans.
Business Growth Fund announced that it has invested up to GBP40 million of its capital in companies around Manchester and Northern England.
Thiess revealed that it bought the 50% stake of its joint venture partner Siemens in Silcar. Thiess, a Leighton Holdings subsidiary, announced that it had acquired full ownership of Silcar.
Womai.com revealed that it had received financing from SAIF Partners, the details of the transaction, however, were not disclosed.
Perusa revealed that it sold its 85% stake in Kamman Maschinenbau to KBA. Perusa, a German private equity group, had exited its position in Kammann Maschinenbau.
Wildcraft Inc. announced that it is looking to raise up to INR75 crore to finance its expansion programs.
Publicis and Omnicom hired New York based Moelis & Co and the Paris-based adviser Rothschild for their merger.
