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Highlights: November 4 - November 10, 2019

Christian Fernsby ▼ | November 11, 2019
The most interesting business stories that marked last business week.
Highlights
Last week in business  
IAG to buy Air Europa for $1.11 billion in cash

Air EuropaInternational Consolidated Airlines Group ("IAG") and Globalia ("Globalia") announced that definitive transaction agreements have been signed under which IAG’s wholly owned subsidiary, IB OPCO Holding S.L. (“Iberia”), has agreed to acquire the entire issued share capital of Air Europa for €1 billion to be satisfied in cash at completion and subject to a closing accounts adjustment....

Euro area unemployment 7.5%, lowest since July 2008

eurozoneThe euro area (EA19) seasonally-adjusted unemployment rate was 7.5% in September 2019, stable compared with August 2019 and down from 8.0% in September 2018....

Huazhu to buy Deutsche Hospitality for $781 million

Deutsche HospitalityChinese hotel operator Huazhu Group Ltd said it had agreed to acquire Frankfurt-based hotel company Deutsche Hospitality for 700 million euros ($781.06 million) in cash....

Apple commits $2.5 billion to combat housing crisis in California

Tim Cook and Gavin NewsomApple announced a comprehensive $2.5 billion plan to help address the housing availability and affordability crisis in California....

MOL buys Chevron stake in Azeri oilfield for $1.57 billion

Azeri-Chirag-GunashliMOL signed an agreement with Chevron Global Ventures, Ltd and Chevron BTC Pipeline, Ltd to acquire their non-operated E and P and mid-stream interests in Azerbaijan....

Xerox to sell stake in joint venture to Fujifilm for about $2.3bn

Fuji XeroxXerox Holdings Corporation announced that it has entered into agreements with FUJIFILM Holdings Corporation and certain of its subsidiaries that will simplify and set a new course for the companies’ strategic sourcing relationship going forward....

Trump bans cultural and educational exchanges with Cuba

Cuba streetUS President Donald Trump has banned his government from funding educational and cultural exchange programs with Cuba, Russia, Syria and the Democratic People's Republic of Korea (DPRK), as published in the Federal Register....

Vietnam $458.2 million expressway deal agreed

Ho Chi Minh City expresswayAn agreement has been reached in Vietnam over an important expressway project to improve transport to and from Ho Chi Minh City....

China's COFCO to buy $100m of pork from Danish Crown

COFCOChina's state-owned agriculture conglomerate COFCO said it had agreed to buy $100 million of pork from European pork producer Danish Crown in 2020 to help ease a domestic pork shortage following a widespread pig disease....

United Group to buy Bulgaria's Vivacom in $1.3 billion deal

VivacomBalkan telecoms and media company United Group, owned by private equity firm BC Partners, said it had agreed to acquire Bulgaria’s Vivacom....

Phoenix' Nomeco: Scandinavia's largest pharmaceutical logistics centre goes live

Nomeco logistics centreNomeco, the Danish subsidiary of the Phoenix group, has opened the largest logistics centre for pharmaceuticals and healthcare products in the Nordic countries....

Blackstone to take majority stake in MagicLab, $3 billion valuation

BlackstoneBlackstone announced today that funds managed by Blackstone are taking a majority stake in MagicLab, which builds and operates leading dating and social networking apps, including Bumble and Badoo.... â– 


 

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