Chinese textile giant buys Swiss luxury brand Bally amid global shopping spree
Businessam Staff
February 10, 2018
Mainland Chinese textile and apparel producer Shandong Ruyi Group has bought a controlling stake in Bally International AG, the 167-year-old Swiss luxury brand, its latest buy in a global shopping spree where it has picked up French fashion group SMCP and British trench coat maker Aquascutum. Ruyi, based in eastern Shandong province, has signed definitive […]
U.S. investor moves to acquire Football Club West Bromwich Albion
Businessam StaffSeptember 15, 2017
The owners of West Bromwich Albion Football Club have been approached by a U.S. investor interested in buying the English soccer club, according to people familiar with the situation. Yunyi Guokai Shanghai Sports Development, which agreed to buy an 88 percent stake in the English Premier League club in 2016, according to Bloomberg has rejected […]
South Africa’s PPC expects higher offer from Canada’s Fairfax
Businessam StaffSeptember 15, 2017
PPC, South Africa’s biggest cement producer, said Friday it expected Canada’s Fairfax Africa Investments to raise its 9.2 billion-rand ($700 million) takeover offer. The all-share offer from AfriSam and Fairfax on Sept. 4 valued PPC shares at 5.75 rand but expectations of a higher bid, either from Fairfax or others such as Nigeria’s Dangote Cement, […]
United Tech to buy Rockwell Collins for $30 billion
Businessam StaffSeptember 5, 2017
Aerospace supplier United Technologies Corp has struck a $30 billion agreement to buy avionics and interiors maker Rockwell Collins Inc, the companies said on Monday, in a deal that bulks up UTC’s power with plane makers by creating one of the world’s largest makers of civilian and defense aircraft components. Farmington, Connecticut-based United Technologies will […]
Ethiopian Airlines plot takeover of Nigeria’s Arik Air
Businessam StaffSeptember 1, 2017
Nigeria’s Arik Air would soon be under a new management as Ethiopian Airlines have submit formal offer to take charge of the troubled carrier, Arik Air, which accounts for more than half of Nigerian air passenger traffic. According to a CNN reports monitored by businessamlive.com, Esayas WoldeMariam, Ethiopian airlines managing director of international services, said […]
Unilever $6bn spreads business auction gets hotter as Singaporean fund backs KKR bid
Businessam StaffAugust 17, 2017
Competition over Unilever’s spreads business is hotting up as Singapore’s wealth fund has entered the fray. The Sinagaporean state’s Government Investment Corporation (GIC) has agreed to back KKR, one of the world’s biggest buyout firms, in its bid for the operation according to Sky News monitored by City A.M. Unilever’s spreads include some of the […]