Merger creates third-largest European e-tailer

Article Abstract:

Lastminute.com has acquired larger French rival Degriftour for 58.9 million pounds in Sep 2000. The acquisition has made lastminute.com the third largest e-commerce merchant and the largest European-owned one. It also puts lastminute.com in a stronger position to ward off the expected invasion of Europe by two leading US online travel services, namely, Expedia and Travelocity. Degriftour agreed to the merger due to its desire to go pan-European.

United Kingdom, Online information services, Degriftour

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Boise Cascade Office Products sells European operation

Article Abstract:

Boise Cascade Office Products has sold its European operations to Guilbert, a leading direct and Internet marketer of office supplies in France. The sale is part of a joint venture aimed at providing global service capabilities for both companies' customers. Guilbert will handle customers in Europe and parts of the Middle East while Boise Cascade Office Products will take care of customers in North America.

Europe, Office Supplies and Stationery Stores, Stationery & Office Suppl Stores, Boise Cascade Office Products

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