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September 28, 2010

Walmart, the supermarket giant controlled by the Walton family, announced 27 September that it was in preliminary talks to acquire Massmart Holdings Limited, a South Africa-based retail chain.

Walmart, the supermarket giant controlled by the Walton family, announced 27 September that it was in preliminary talks to acquire Massmart Holdings Limited, a South Africa-based retail chain.

Walmart, the world's largest retailer by revenues, announced yesterday that if its initial proposal was successful it planned to offer R32 billion (€3.4 billion) for Massmart, which is South Africa's third-largest retailer with 290 stores and a presence in 13 other countries in southern Africa.

August 31, 2010

Simon Property Group, the largest shopping mall owner in the US, announced 30 August that it has completed the $2.3 billion acquisition of Prime Outlets Inc.

Simon Property Group, the largest shopping mall owner in the US, announced 30 August that it has completed the $2.3 billion acquisition of Prime Outlets Inc.

The deal will add a further 21 malls to SPG's portfolio, underlining its position as the largest retail property owner in the US.

August 6, 2010

Hutchison Whampoa, the Hong Kong-based company controlled by Li Ka-shing, announced better than expected results for the first half of 2010 on the back of growth in its ports, property and retail businesses and smaller than predicted losses in its mobile phone operations.

Hutchison Whampoa, the Hong Kong-based company controlled by Li Ka-shing, announced better than expected results for the first half of 2010 on the back of growth in its ports, property and retail businesses and smaller than predicted losses in its mobile phone operations.
 
The group's profits were up 12% to HK$6.5 billion compared with the same period last year, while losses in the 3G mobile phone business showed an 82% fall, shrinking to HK$998 million, compared with HK$5.5 billion for first half of 2009.

August 4, 2010

Banco Santander, one of Europe’s largest banks which still has strong links to the founding family, announced today that it will acquire 318 branches from the Royal Bank of Scotland Group in a deal worth £1.65 billion.

Banco Santander, one of Europe's largest banks which still has strong links to the founding family, announced today that it will acquire 318 branches from the Royal Bank of Scotland Group in a deal worth £1.65 billion.

The deal will give Santander an additional 1.8 million customers in the UK and is expected to be concluded by the end of 2011. 

July 30, 2010

Li Ka-shing, the 82-year-old head of the Cheung Kong Group of companies, shows no signs of taking a back seat in his business empire as he leads a £5.8 billion acquisition bid for the UK electricity grid owned by EDF energy.

Li Ka-shing, the 82-year-old head of the Cheung Kong Group of companies, shows no signs of taking a back seat in his business empire as he leads a £5.8 billion acquisition bid for the UK electricity grid owned by EDF energy.  
 
One of Hong Kong's most famous businessmen is making the offer though Cheung Kong Infrastructure Holdings and Hong Kong Electric Holdings, both of which are subsidiary companies of the main conglomerate, and the Li Ka-shing foundation.
 

July 12, 2010

Banco Santander, the family-controlled banking group, announced today that it will acquire the German retail banking business of Skandinaviska Enskilda Banken (SEB Group) for €555 million.

Banco Santander, the family-controlled banking group, announced today that it will acquire the German retail banking business of Skandinaviska Enskilda Banken (SEB Group) for €555 million.
 
The acquisition adds 173 branches and around a million customers in Germany for Spain-based Santander. Family chairman Emilio Botin (pictured) said: "Germany is a core market for Santander. This acquisition is a significant step towards achieving our goal of being a full-service retail bank in Europe's largest market."

June 15, 2010

Cablevision Systems Corporation, the family-controlled media, entertainment and sports company, has announced it will acquire Bresnan Communications from Providence Equity Partners in a deal worth $1.4 billion.

Cablevision Systems Corporation, the family-controlled media, entertainment and sports company, has announced it will acquire Bresnan Communications from Providence Equity Partners in a deal worth $1.4 billion.

In a statement released yesterday, Cablevision said it would finance the deal by borrowing $1 billion in non-recourse debt with the company providing the further $400 million.

May 21, 2010

The Hinduja Group, the diversified conglomerate run by the Hinduja family, announced this morning it will buy the private banking subsidiary of the KBC Group, KBL European private bankers, for €1.35 billion.

The Hinduja Group, the diversified conglomerate run by the Hinduja family, announced this morning it will buy the private banking subsidiary of the KBC Group, KBL European private bankers, for €1.35 billion.

May 18, 2010

The Estee Lauder Companies Inc, the luxury cosmetics group controlled by the Lauder family, announced yesterday is plans to acquire Smashbox Beauty Cosmetics Inc, a privately-held cosmetics company owned by descendents of make-up legend Max Factor.

The Estee Lauder Companies Inc, the luxury cosmetics group controlled by the Lauder family, announced yesterday is plans to acquire Smashbox Beauty Cosmetics Inc, a privately-held cosmetics company owned by descendents of make-up legend Max Factor.

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