| Business |
| Business related information |
| Romanian Oil Company Sells 75% Stake to Kazakh Firm |
|
| |
Rompetrol Group, Romania's second largest oil retailer and producer, announced Monday is has sold 75 percent of its shares to Kazakhstan’s state energy company.
Rompetrol President Dinu Patriciu refused to name the value of the transaction with KazMunaiGaz. With Rompetrol’s market value at... |
| Retailer Valora could become takeover target again |
|
| |
Swiss retailer Valora (VALN.S: Quote, Profile, Research) could again find itself as a takeover target nearly a year after France's Lagardere (LAGA.PA: Quote, Profile, Research) approached the group, and appears good value with its shares close to a new year low.
Valora shares have fallen some 2... |
| Retalix 2nd-Quarter Loss Narrows |
|
| |
NEW YORK - Retalix Ltd., an Israeli software maker for food retailers and distributors, said Tuesday its second-quarter loss narrowed, helped by an increase in product revenue.
For the three months ended June 30, the company reported a loss of $1.8 million, or 9 cents per share, compared with a l... |
| Retalix Names New COO |
|
| |
NEW YORK - Retalix Ltd., an Israeli software maker for food retailers and distributors, on Tuesday named Avinoam Bloch its chief operating officer, effective immediately.
Bloch, 50, joined Retalix (nasdaq: RTLX - news - people ) in 1985 as a programmer. Later, he helped establish Retalix's busin... |
| Bulgarian fuel retailer Eko Elda eyes power trader licence |
|
| |
Fuel retailer Eko Elda Bulgaria, part of the Greek petrochemicals company Hellenic Petroleum Group, has applied to be issued a 10-year licence to operate as a power trader.
The State Energy and Water Regulatory Commission reviewed the licence application last week and is due to respond promptly.
E... |
| Reliance says not seeking retail partner |
|
| |
Reliance Industries has no immediate plans to involve a foreign partner in its retail venture and sees no threat from Bharti group's wholesale tie-up with Wal-Mart, a top company official said.
"We are not scared of competition. We are ahead of them. Our great challenge is to satisfy our custom... |
| Walmart may eat away Indian retailers bread-and-butter |
|
| |
A fifty whooping billion dollars—that's the wholesale pie of Indian retail market that the American giant Walmart wants to bite into.
World’s biggest grocery store brand Walmart has probably sensed the insecurity of the small-time Indian retailers who are threatened by the entry of intern... |
| German retailer Metro 2Q profit falls |
|
| |
Retailer Metro AG, which operates Kaufhof Galeria among other stores in Germany, said Wednesday its second-quarter net profit fell 13 percent because of costs related to integrating Wal-Mart's former stores into the fold.
The retailer said it earned 104 million euros ($142.55 million) in the Apr... |
| German DIY retailer Globus buys rival Hela for 100 mln eur - report |
|
| |
German home improvement store chain Globus is buying its rival Hela for about 100 mln eur, Financial Times Deutschland reported, citing company sources.
Both companies declined to comment on the matter, it said.
Globus, which operates about 50 DIY stores, generated sales of about 800 mln eur l... |
| HUNGARYS MOL ENERGY COMPANY GROWS IN CENTRAL EUROPE AND BEYOND |
|
| |
Hungary’s national energy company, MOL, is mounting an effective defense against a hostile takeover by its Austrian counterpart, OMV, which could lead to Russian takeover of Hungary’s energy sector (see EDM, July 24, 25). As part of its defense -- but also in the course of its organic growth -- ... |
  |
