Mercialys SA said Tuesday that it has acquired the Saint-Genis 2 shopping center in the second-largest consumer market in France for €146 million ($167 million) "to reinforce its position as a key player in the French retail property sector."
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TOP NEWS

French REIT Buys Lyon Shopping Center For €146M

By Dawood Fakhir

Mercialys SA said Tuesday that it has acquired the Saint-Genis 2 shopping center in the second-largest consumer market in France for €146 million ($167 million) "to reinforce its position as a key player in the French retail property sector."

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Ashurst-Led Tech Tool-Maker To Sell Quantum Biz For £60M

By Dawood Fakhir

Oxford Instruments said on Tuesday that it has agreed to sell its quantum technology business to a U.S. manufacturer of products and services for research for up to £60 million ($81 million) to focus on its remaining business, in a deal guided by Ashurst LLP.

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FCA Unveils Rules For Private Stock Market Launch

By Najiyya Budaly

The Financial Conduct Authority set out rules on Tuesday for its world-first regulated stock market for private companies in the latest bid by Britain to boost growth and provide alternatives to London's ailing equity capital market.

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DEALS

Advent To Buy Stake In Ireland's Felix Pharma For $175M

By Najiyya Budaly

U.S. private equity shop Advent said that it plans to buy a minority stake in Irish pet medicines business Felix Pharmaceuticals for $175 million, to capitalize on growing demand for generic drugs in the animal health sector.

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Cloud Biz SoftwareOne To Close $1.4B Buy Of IT Consultancy

By Irene Madongo

SoftwareOne said Tuesday that it has fulfilled all the closing conditions of its voluntary takeover of Crayon Group, as the Swiss cloud technology company nears completion of the deal worth an estimated $1.4 billion.

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Brief

Mishcon De Reya Guides REIT On £11M Leisure Park Buy

By Irene Madongo

AEW UK, a real estate investment trust, said Tuesday it has bought a leisure park in the city of Leicester, central England, for approximately £11.2 million ($15 million).

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Brief

FirstGroup Reveals Additional £50M Share Buyback

By Irene Madongo

FirstGroup PLC said Tuesday it will reward investors with an additional two-part £50 million share repurchase program as the public transport provider reported revenue of £1.4 billion.

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