L’Oreal to Buy Magic Holdings International for $843m

L’Oreal to Buy Magic Holdings International for $843m

Bloomberg L’Oreal SA, the world’s largest cosmetics maker, agreed to buy China’s Magic Holdings International Ltd. for HK$6.54 billion ($843 million) to expand in a market where sales growth is outpacing that of the company. L’Oreal will pay HK$6.30 a share in cash...
Chinese broker buys Natixis commodities unit

Chinese broker buys Natixis commodities unit

Reuters PARIS, Aug 5 (Reuters) – One of China’s top securities brokers has bought parts of the commodities trading unit of French bank Natixis in the latest move by Chinese institutions to expand into natural resources markets. * Western banks under...
NTT Com to Acquire Maximum 91.2% Stake in Arkadin

NTT Com to Acquire Maximum 91.2% Stake in Arkadin

PR Newswire 5 Aug 2013 NTT Communications Corporation, Arkadin International SAS and AXA Private Equity jointly announced on August 5 that they have entered into exclusive negotiations over NTT Com’s acquisition of a majority stake in Arkadin, the world’s...
Schneider Electric agrees $5.2 bln takeover of Invensys

Schneider Electric agrees $5.2 bln takeover of Invensys

Reuters 31 July 2013 France’s Schneider Electric is to buy British engineer Invensys for an agreed 3.4 billion pounds ($5.2 billion) to strengthen its high-margin industrial automation business and win more custom in the fast-growing energy sector. * To pay 502...