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Dufry buys World Duty Free stake, targets full takeover

2015-08-11 13:39:00| Daily beverage news and comment - from just-drinks.com

Travel retailer Dufry is to move for the remaining share of rival World Duty Free after completing its EUR1.31bn (US$1.44bn) majority stake purchase.

Tags: free full world duty

 

Alibaba buys 20% stake in offline retailer Suning

2015-08-10 13:03:00| Telecompaper Headlines

(Telecompaper) Alibaba Group announced the acquisition of a 20 percent stake in Suning, one of China's largest offline consumer retailers, for CNY 28.3 billion (USD 4.63 billion). After the closing the investment, Alibaba will be the second-largest shareholder in the company. As part of the deal, Suning will also buy CNY 14 billion new shares in Alibaba, giving a 1.1 percent stake in the e-commerce giant. The two companies agreed to work together to build synergies in e-commerce, logistics and incremental business through joint omni-channel initiatives. Under the collaboration, Suning will open a flagship store on Alibaba's Tmall.com platform, focusing on consumer electronics, home appliances and baby products. In logistics, Suning will become a partner of Cainiao, Alibaba's logistics affiliate, and Alibaba will gain access to Suning's nationwide logistics network covering over 90 percent of China's counties. The cooperation is expected to give Alibaba consumers outlets for a physical experience with products, while still being able to make orders and payments online and over mobile devices. They will also have access to after-sale services in Suning's over 1,600 retail stores in 289 cities across China and its over 3,000 after-sales service locations and 5,000 affiliate partners. 

Tags: offline alibaba buys retailer

 
 

SSE buys gas field stake for 565m

2015-07-29 12:13:50| BBC News | Business | UK Edition

Energy firm SSE announces it is buying a minority stake in French oil and gas giant Total's West of Shetland operations for 565m.

Tags: field gas buys stake

 

Another Chinese firm buys stake in Masood Textile Mills

2015-07-13 18:19:00| Daily apparel & textile news and comment - from just-style.com

Chinese company Zhejiang Xinao Industry has acquired a 12.7% stake in Masood Textile Mills, one of the few vertically integrated textile and apparel makers in Pakistan.

Tags: firm chinese mills textile

 

CPPIB buys 60% stake in Toronto rental property, entering Canada's multi-family real estate market

2015-07-06 19:29:49| Real Estate - Topix.net

An ominous haze from forest fires engulfed Metro Vancouver and the Sunshine Coast Sunday. Take a look at these photos posted to Instagram and other sources The Canada Pension Plan Investment Board made its first direct investment in Canadian multi-family real estate on Monday with the purchase of a 60 per cent interest in Minto High Park Village in Toronto.

Tags: real estate market property

 

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