Kering acquires U.S. high-end eyewear brand Maui Jim
The French luxury group Kering announced that the Kering glasses unit has signed an acquisition agreement with Maui Jim, Inc., a US-based high-end sunglasses maker, for an undisclosed amount. This acquisition is another acquisition after the previous acquisition of the Danish luxury eyewear manufacturer Lindberg. Kering Group will further develop its marketing strategy in the segmented eyewear market.
Ford sells Romania plant to Turkish joint venture for 575 million euros
Ford Otosan, the Turkish joint venture of Ford Motor Co (F.N), said it will buy Ford’s Craiova plant in Romania for 575 million euros and plans to move production of Courier vans there. Ford Ottosan is a joint venture between Ford and Turkey’s Koc Holding.
Brunello Cucinelli acquires 43% of its cashmere supplier
Italian luxury cashmere brand Brunello Cucinelli has made its first M&A transaction since its establishment, acquiring a 43% stake in Cariaggi Lanificio S.p.A., a long-term supplier of cashmere, for an amount of more than 15 million euros.
Jiaze New Energy acquires Ningbai Fund to enhance competition in the wind and solar power generation market
Ningxia Jiaze New Energy announced that the company acquired 22.7009% of the limited partnership share of Ningbai Fund, and Shanghai Jiarong, a wholly-owned subsidiary of the company, acquired 0.0463% of the general partnership share of Ningbai Fund. After the transaction is completed, the company will hold a total of 99.9537% of the partnership shares of Ningbai Fund. Ningbai Fund, the target of this transaction, is mainly engaged in the development and operation of wind power and photovoltaic power generation through its subordinate project companies. The main power stations are located in Shandong, Hebei and Henan in China.
Mingzhu Logistics and Yinhua reached an equity acquisition agreement
Mingzhu Logistics (YGMZ.US) announced that the company has reached an equity acquisition agreement with Yinhua Limited. It is understood that Yinhua Limited is a company that develops and operates a comprehensive auto-related service platform for auto insurance companies. Under the terms of the equity purchase agreement, Pearl Cargo will pay $18.3025 million.
FEC plans to spend £95.7026 million to acquire a development project company in London
FEC (00035.HK) announced that Next Talent Developments Limited, an indirect wholly-owned subsidiary of the company, will acquire the entire issued share capital of the target company R&F Properties VS (UK) Co., Ltd and accept the transfer of inter-company loans at a consideration of £95.7026 million ( can be adjusted). It is reported that the Target Company is mainly engaged in investment holding. The development project owned by the Target Group is a mixed-use plan (Vauxhall Square) at Vauxhall Square in Vauxhall, London, United Kingdom. Approved by planning permission 15/05619/VOC and subsequent insubstantial amendments, the planning agrees with a total construction area of approximately 133,000 square meters A mixed-use development comprising residential, hotel and dormitory, office, retail, and leisure.