PSA prepares for stake sale in Changan tie-up

Source: Dukascopy Bank SA
Peugeot owner PSA Group is preparing for a 50% stake sale in its joint venture with Chongqing Changan Automotive, the carmaker's Chinese partner, a spokesman for PSA stated.
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Fri, 29 Nov 2019 06:54:43 GMT

Dubai's Damac chairman buys Italy's Cavalli

Roberto Cavalli, the Italian fashion house, has been acquired by Dubai's Damac chairman Hussain Sajwani on Thursday; a deal that rescued the Italian company and ended its long sale process.

Fri, 29 Nov 2019 04:47:07 GMT

Banco do Brasil expects profit growth in 2020

Banco do Brasil, the Brazilian state-controlled lender, is expecting its profits to grow 10% in 2020, compared to the current year, its CFO Carlos Hamilton Araujo stated during the Thursday's meeting with analysts.

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