Mergers and acquisitions

Marriott International buys Starwood hotels in $12bn deal

Marriott International and StarHotels & Resorts Worldwideannounced on Monday that the two would merge to create the world’s largest hotel company in a deal worth $12 billion. The transaction involves Marriott buying the Starwood leading lifestyle brand to create a more comprehensive portfolio and

Lockheed, Textron 'final suitors for Sikorsky Aircraft'

Lockheed Martin Corp and Textron Inc have emerged as final contenders to buy United Technologies Corp?s Sikorsky Aircraft business, which could be valued at around $8 billion, according to people familiar with the matter.

UTC is weighing offers from the two companies and may come to a decision by the end of the month, one of the people said.

Fish-farming firms in flux as banks are reluctant to get involved

By Dimitra Manifava

Greece?s fish-farming sector is expecting significant developments in the coming months as the deal between Nireus and its creditor banks, the completion of the restructuring process at Selonda and a possible agreement for Dias?s debt restructuring suggest that the sector will only have a future in Greece if that also includes mergers and acquisitions.

Turkey’s Yemeksepeti acquires a majority stake in Jordanian company

Yemeksepeti, a leading Turkish food ordering website, has announced its acquisition of a majority stake in the Jordanian site ifood.jo.

The company has spread its operations to eight countries with the latest acquisition.

“We will continue to grow in potential markets with new acquisitions,” Yemeksepeti CEO Nevzat Aydın vowed in a written statement on Nov. 17.

M&A in Greece came to 3.3 bln euros last year, says PwC report

By Vangelis Mandravelis

The improvement in the Greek economy is highlighted by the revival of mergers and acquisitions (M&A) in the local business sector: According to PricewaterhouseCoopers (PwC), there were 15 M&A transactions in Greece last year, with a total value of 3.3 billion euros.

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