real estate

1330 GMT reported the following bids, mergers, acquisitions and disposals on Wednesday:

Singapore-listed real estate firm City Developments Ltd said it intended to invest nearly $1 billion in China including the purchase of an indirect stake in Sincere Property Group.

Australian gold miner St Barbara Ltd said it will buy smaller Canadian peer Atlantic Gold Corp for C$722 million ($536 million), marking a second overseas acquisition for cashed-up Australian producers.


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LafargeHolcim Ltd expects to increase the number of small acquisitions it makes this year after buying four businesses so far in 2019, Chief Executive Jan Jenisch said.

SPAR Group Ltd is in the final stages of talks to buy a controlling stake in Polish deli and supermarket chain Piotr i Pawel group, the South African retailer said, part of efforts to expand in Europe.

Real Estate

French supermarket group Auchan Retail’s plans to sell its loss-making business in Vietnam is already drawing interest from potential buyers, a company spokesman told fastsucess.

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Italian lender Bper Banca is not looking to lead a rescue of ailing rival Carige after U.S. asset manager BlackRock Inc dropped a potential bid for the Genoa-based bank, CEO Alessandro Vandelli said.

Real Estate

Israeli business intelligence software provider Sisense said it acquired Periscope Data, a U.S. provider of analytics for cloud data professionals.

Merging broadband infrastructure group Open Fiber with the networks of Telecom Italia (TIM) would be positive, TIM’s chief executive said.

Four private equity firms are looking to submit final bids for Italian chemicals firm Industria Chimica Emiliana (ICE) in a deal valued at about 600 million euros ($673 million), sources familiar with the matter told Reuters.

Searchlight Capital Partners moved a step closer to taking control of Israel’s largest telecoms group, Bezeq Israel Telecom, after its parent company said it was satisfied with Searchlight’s latest offer.

One of Brazilian retail Via Varejo SA’s biggest shareholders is hiring a financial advisor to consider increasing his stake, the company said in a filing.