Two major independent European gas station corporations, EFT and Euro Garages, are set to merge and turn their attention to the retail activities surrounding the gas stations in the Benelux and France.
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Both AB InBev and SABMiller's shareholders have overwhelmingly approved the merger between both drink manufacturers. More than 95 % of shareholders, at both companies, approved the deal.
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Ahold Delhaize is having talks with its major name brand suppliers about an integration bonus and new purchase conditions that would work retroactively.
Beer brewer SABMiller's board has advised its shareholders to accept AB InBev's increased bid. Only last week, it seemed the merger was on the verge of being cancelled.
Ahold and Delhaize supplier are asked to discuss harmonized purchase conditions, as the merger company seeks to generate money out of the deal.
The people at SABMiller have halted their preparations for the AB InBev merger for the time being. Several shareholders are no longer satisfied with the acquisition bid, because the value of the pound dropped a lot since then.
AB InBev has decided to increase its SABMiller bid by a pound to 45 pounds per share, after SABMiller's major shareholders asked for an increased bid: they felt the Brexit had devaluated the original bid.
The merger between Dutch supermarket company Ahold and its Belgian competitor Delhaize has been made official. The agreement was signed this weekend and both will now continue as one, in the Ahold Delhaize merger company.
The Belgian supermarket group Delhaize has released its final results before merging with Dutch Ahold tomorrow. Turnover grew 4.3 %, while profits even went up 12.1 %.
The European Commission has approved the intended merger between beer brewers AB InBev and SABMiller, a major step in the right direction for both companies. However, several other markets still have to approve the deal.
Beer brewer SABMiller's profits dropped significantly last year, because of several African expenses related to its pending merger with competitor AB InBev later this year.
The intended merger between American office supply giants Staples and Office Depot is off the table. The American Federal Trade Commission had already labeled it a bad idea and the court now confirms that decision.
Belgian beer brewer AB InBev has promised to create a South African investment fund to finalize the SABMiller merger faster. It also says every South African employee will keep his job after the merger.
The South African Competition Commission has decided to continue its investigation into the SABMiller - AB InBev merger. They had until today to reach a conclusion, but will not make that deadline.
In order to get approval from the American Bureau of Competition for the merger, Dutch Ahold and Belgian Delhaize are willing to sell 83 supermarkets, which probably means its Martin's supermarket chain would disappear almost entirely.
At Ahold and Delhaize's extraordinary General Assemblies, shareholders of both companies almost unanimously approved the merger of the Dutch and the Belgian retail giant, with 96.71 % at Delhaize and even 99.97 % at Ahold.