First published on Thu 21 Jan 2021 08.33 EST
The billionaire brothers buying Asda have hired the former Marks & Spencer boss Stuart Rose to chair their EG Group business.
EG, a chain of 6,000 petrol stations owned by the Blackburn-based Issa brothers and the private equity group TDR, has appointed Lord Rose as non-executive chairman with immediate effect as Zuber and Mohsin Issa prepare to expand with the Asda acquisition.
The veteran retailer also chairs the online groceries firm Ocado but is due to stand down in May after more than eight years.
The appointment is a boost to EG’s corporate credentials and its expansion ambitions. The Issa brothers are buying Leeds-based Asda, Britain’s third largest supermarket chain, from the US retail group Walmart for £6.8bn, also in tandem with TDR.
Press release content from PR Newswire. The AP news staff was not involved in its creation.
Planon acquires a majority stake in real estate software company Reasult B.V.
January 20, 2021 GMT
NIJMEGEN, Netherlands, Jan. 20, 2021 /PRNewswire/ The Planon Group and Reasult today announced that Planon has acquired a majority share in Reasult B.V., founded in 2000 and headquartered in Ede (the Netherlands). Reasult is a software company that optimizes the financial performance of real estate portfolios and projects. Reasult’s leading software solutions are used by real estate developers, asset managers and housing corporations in the Dutch- and German-speaking markets. Example customers are Amvest, a.s.r. real estate, VolkerWessels and HANSAINVEST.
Press release content from Business Wire. The AP news staff was not involved in its creation.
HealthStream Acquires ComplyALIGN
NASHVILLE, Tenn. (BUSINESS WIRE) Jan 19, 2021
HealthStream (Nasdaq: HSTM), a leading provider of workforce and provider solutions for the healthcare industry, today announced that it has acquired ComplyALIGN (incorporated as ProcessDATA, Ltd.), a Chicago-based healthcare technology company. Through the acquisition, HealthStream gains an innovative, SaaS-based policy management system for healthcare organizations that is deployed and highly praised by its customers. ComplyALIGN’s products are used by over 200 healthcare facilities, including over 150 hospitals. ComplyALIGN also does business as HospitalPORTAL, which focuses on hospital intranet solutions that integrate with ComplyALIGN’s policy management system.
Tata Group in final stages of acquiring stakes in BigBasket, 1mg: Report
Tata Group in final stages of acquiring stakes in BigBasket, 1mg: Report
The Tata Group is expected to spend about $1.2 billion, in a mix of primary and secondary sale of shares, for a 60 per cent stake in BigBasket. The salt-to-software conglomerate is also in the final stages of acquiring over 50 per cent stake in online pharmacy startup 1mg.
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UPDATED: January 20, 2021 15:59 IST
The Tata Group is expected to make a formal announcement regarding the BigBasket deal soon as talks have been going on since last year. (Photo: Reuters)