German food retailer Spar sells 50-pct stake in Netto discount to ITM
626769
Spar, Germany's eighth-biggest food supermarket chain, plans to sell a 50-percent stake in its discount arm Netto to its French parent company ITM Entreprises, Spar's new chairman Stephan Schelo said in a newspaper interview.
757420
(InfoWorld) - The European Commission gave the go-ahead for theÂ â¬675 million saleÂ ($887 million) of AOLâs German Internet service provider to Telecom Italia on Wednesday, after a month-long probe of the deal. "The Commission's examination of the proposed transaction showed that the horizontal overlaps between the activities of Telecom Italia and AOL in Germany (i.e. broadband and narrowband Internet access services) are limited and that the combined firm would continue to face a number of strong, effective competitors, notably the incumbent Deutsche Telekom," the Commission said in a statement. Time Warner has beenÂ retreating from AOL's Internet access businessÂ in Europe, where its subscriber numbers have been declining. In September it agreed to sell its French operation to Neuf Cegetel for â¬288 million, and has beenÂ in talks with suitors in the U.K., including satellite TV broadcaster British Sky Broadcasting Group. The company has about 5.9 million customers for its three European divisions, in the U.K., France and Germany. For Telecom Italia, the deal is part of a reorganization away from telephony towards broadband Internet access. Buying AOL Germany will help consolidate its broadband access service in Europe, the company said recently. The move would make the company the second largest Internet access provider in Germany with over 3 million subscribers, it said. Under the deal's terms, AOL will provide Telecom Italia with co-branded entertainment services to all of its residential customers for five years. AOL will also retain responsibility for all online advertising, also for five years.ADVERTISEMENTNEW IT SERVICES FROM IBM: EASIER TO BUY AND IMPLEMENTDiscover a simpler, more cost-effective way to get the solutions your company needs to grow more flexible and efficient.
68230
Philip Morris, a unit of Altria Group Inc. (MO.N: Quote, Profile, Research) , told wholesalers on Thursday it would reduce its &quot;off-invoice&quot; discounts to $5.50 a carton from $6.50, a move that
277855
The three largest shareholders in MAN sold their 25 percent stake in the German machinery and vehicle maker on Wednesday for EUR1 billion, marking a further step in the disentangling of Germany Inc., the ...
627951
Slovak Telecom, the fixed-line operator controlled by Deutsche Telekom of Germany, has agreed to buy out AT&amp;T Wireless and Verizon from its mobile arm Eurotel for an undisclosed price.
90106
The Carlyle Group has completed its third European exit in the space of three months with the sale of its minority holding in German automotive supplier Beru to BorgWarner Inc.
408572
LONDON, November 22  - Dutch banking and insurance company, ING Group (INN.ETR), has agreed to sell its Baring Asset Management division in two separate deals, for collective net gains of about â¬250 million.
310384
The sportswear label of luxury basics that became a $50 million business will be bought by the Kellwood Company.
405363
Kmart Holding Corporation, parent company of the discount retail chain, said it had finalized the sale of 50 stores to Sears, Roebuck and Co for 575.9 million dollars in cash.
39228
The company on Tuesday announced that it&#39;s acquiring privately held security equipment maker Net6 for $50 million in cash. The acquisition, which is expected to close in the fourth quarter of 2004, will thrust
164245
German carmaker DaimlerChrysler AG said Monday it has sold its 10.5 percent stake in South Korea's Hyundai Motors Co.
30165
FRANKFURT Henkel, a German soap and adhesives company, said Thursday that it had agreed to sell back a 29 percent stake in Clorox, the US cleaning products maker, for $2.
692680
German mail giant Deutsche Post said Tuesday it is taking a 38 percent stake in Spanish postal company Unipost.
102029
DALLAS ConAgra Foods will get 194 (M) million dollars for selling its minority interest in Swift Foods to Dallas-based Hicks, Muse, Tate and Furst.
615452
The German state has decided to sell its 38-percent stake in the distressed bank IKB, one of those hit hard by the US home loan debacle, a press report said Wednesday.
135147
State-owned development bank KfW is selling up to 4 billion euros ($4.9 billion) worth of shares in Deutsche Telekom, the latest step in the privatization of the former German phone monopoly.
176142
FRANKFURT/LONDON Oct 11  - Germany sold a 6.3  percent stake in phone operator Deutsche Telekom on Monday,  raising up to 4.5 billion euros ($5.6 billion) to help it curb  a burgeoning budget deficit.