Germany's Rewe will acquire Italy's Standa chain

Article Abstract:

Rewe Group plans to buy Milan-based Standa, a supermarket chain, in an effort to further solidify its position as the third-biggest food retailer in Europe. BML, Rewe's Austrian subsidiary, will acquire all of Standa's stock for an undisclosed sum from Mediocredito Lombardo.

Groceries & Rel Prods Whsle, Grocery and Related Product Wholesalers, Pharmaceutical Preparation Manufacturing, Pharmaceutical preparations, Groceries and Related Products, Pharmaceutical industry, Drugs, Grocery industry, Grocery stores, Wholesale industry, Wholesale trade, REWE-Zentral AG, Standa S.p.A., BML (Austria), Mediocredito Lombardo S.p.A.

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PPR sells chain to hone its focus on luxury goods

Article Abstract:

PPR S.A. of France is to sell its Printemps department-store chain to Deutsche Bank AG of Germany and Borletti Group of Italy for 1.08 billion Euros ($1.35 billion). PPR S.A. will use sales proceeds to finance more Gucci boutiques.

Commercial Banks, France, Banking industry, Company acquisition/merger, Deutsche Bank AG (Frankfurt, Germany), DB

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WestLB negotiates with BT to acquire fixed-line assets

Article Abstract:

Westdeutsche Landesbank (WestLB) is interested in making an offer for British Telecommunications PLC's fixed-line infrastructure. The value of the potential deal is estimated to be at GBP18 billion (Euro29 billion).

United Kingdom, Telecommunications, Telephone Communication, Telecommunications services industry, Telecommunications industry, British Telecommunications PLC, Westdeutsche Landesbank

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