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Frasers Group buys Matchesfashion for £52m

Mike Ashley’s Frasers Group said on Wednesday that it has bought loss-making luxury clothing site Matchesfashion from Apax Partners for around £52m in cash.

United-kingdom
Michael-murray
House-of-fraser
Jack-wills
Elevation-strategy
Frasers
Group
Buys
Matchesfashion
Mp-pound-52m
Category-all
Category-market-report

Cevian Capital spends €1.2bn on a 1.3% stake in UBS

Activist investment firm Cevian Capital has invested €1.2bn to take a small stake in Swiss banking giant UBS, saying it predicts the stock will double in price.

Switzerland
Swiss
Swiss-exchange
Credit-suisse
Morgan-stanley
Cevian
Capital
Spends
Mp-euro-1-2bn
01-3
Stake

Vodafone confirms talks with several parties over Italian business

Vodafone confirmed on Monday that it is in talks with several parties about the potential merger or disposal of its Italian unit, after France’s Iliad said it had submitted a proposal to merge their two Italian businesses.

United-kingdom
Italy
British
Italian
Vodafone-italia
Thomas-reynaud
Vodafone
Confirms
Talks
With
Several
Parties

Vodafone surges as Iliad proposes merging Italian businesses

Vodafone confirmed on Monday that it is in talks with several parties about the potential merger or disposal of its Italian unit, after France’s Iliad said it had submitted a proposal to merge their two Italian businesses.

France
Italy
Italian
Thomas-reynaud
Vodafone-italia
Vodafone
Confirms
Talks
With
Several
Parties
Over

IBM pays Software AG over €2bn for enterprise tech platforms

US software giant IBM announced on Monday it is spending €2.13bn to buy two enterprise technology platforms from Software AG.

New-york
United-states
Rob-thomas
Ibm
New-york-headquartered
Pays
Software
Over
Mp-euro-2bn
Enterprise
Tech
Platforms

Adobe, Figma abandon $20bn merger amid opposition from regulators

Adobe and Figma said on Monday that they have mutually agreed to end their planned merger amid opposition from UK and EU regulators.

United-kingdom
Shantanu-narayen
European-commission
Markets-authority
Adobe
Figma
Abandon
0bn
Merger
Amid
Opposition

South Korean retailer Coupang takes control of Farfetch

South Korean ecommerce group Coupang is to take over struggling online luxury retailer Farfetch for an undisclosed sum.

South-korea
New-york
United-states
Bom-kim
South
Korean
Retailer
Coupang
Takes
Control
Farfetch

LondonMetric in talks to buy LXi REIT

LondonMetric and LXi REIT confirmed on Monday that they are in talks about a possible all-share merger to create a real estate company worth £3.9bn.

Bloomberg
United-kingdom-focused
Londonmetric
Talks
Reit
Category-all
Category-market-report
Category-company-news
Category-news-and-announcements
Categorym-a
Category-market-pulse

SSP expands into Canada, Saudi Arabia

International travel food and beverage outlet operator SSP Group on Thursday said it had expanded into Canada and Saudi Arabia as it pivots to high-growth markets.

Canada
Jeddah
Makkah
Saudi-arabia
Calgary
Alberta
Belgium
Belgian
Canadian
Wolfgang-puck
Ventures-limited
Upper-crust

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