M&As this week: Salling Companies, The Foschini Group

10 November 2017 (Last Updated November 9th, 2017 10:43)

Salling Companies has reached an agreement with A.P. Moller-Maersk to acquire the remaining 19% stake in Dansk Supermarked A/S.

Salling Companies has reached an agreement with A.P. Moller-Maersk to acquire the remaining 19% stake in Dansk Supermarked A/S.

Based in Denmark, the target company is a retail chain operator, whereas A.P. Moller-Maersk is an integrated transport and logistics company also based in Denmark.

The purchase consideration for the acquisition is agreed to be kr5.53m ($0.86m).

The Foschini Group has completed the acquisition of UK-based women’s clothing, footwear and accessories retailer Hobbs.

Based in South Africa, the acquirer is a clothing retailer.