China's Fosun set to rescue Britain's Thomas Cook

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Source: Dukascopy Bank SA
Thomas Cook is discussing £750M worth rescue that will grant its largest investor Fosun Tourism full control of the debt-laden British company's package-tour business.
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Sat, 13 Jul 2019 02:26:18 GMT

Galeries Lafayette takes controlling stake in Mauboussin

On Friday, France's Galeries Lafayette stated it had tied up with Alain Nemarq, the chairman of Mauboussin, to acquire the majority stake of the jeweller, not disclosing the financial terms of the deal that should be cleared by France's Competition Authority.

Sat, 13 Jul 2019 04:16:43 GMT

India seeks to attract $47B from sales of state firms' stakes

India's government is planning to raise $47.4B over the five years by selling about 40% stakes in big state-owned companies, Reuters reported citing senior government officials, in the country's largest privatisation push in over 20 years.

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