Greece to Increase Minimum Wage by €50 a Month From April 1
Greek Prime Minister Kyriakos Mitsotakis announced an increase of €50 ($53.9) a month to the country’s minimum wage for employees, lifting the amount to €830 from €780.
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Greek Prime Minister Kyriakos Mitsotakis announced an increase of €50 ($53.9) a month to the country’s minimum wage for employees, lifting the amount to €830 from €780.
One of China’s biggest property firms delayed its earnings report while another posted a record profit decline as the nation’s real estate crisis shows no signs of easing.
The owners of Saks Fifth Avenue are in talks to raise financing to bolster the cash portion of an offer to buy competitor Neiman Marcus, according to people familiar with the matter, moving two of America’s biggest high-end department stores closer to a deal after years of on-and-off courtship.
Jefferies Financial Group Inc.’s revenue jump — due to strong capital markets and rebounding investment banking — bodes well for the bigger banks due to report in weeks to come.
Blackstone Inc. sold 48 warehouses in Southern California to Rexford Industrial Realty Inc. for $1 billion.
Sep 16, 2019
Bloomberg News
,Blackstone Group Inc. added new properties in Germany and The Netherlands with the purchase of a Canadian real estate trust, in deal valued at $6.2 billion including debt.
The New York-based private equity firm agreed to pay $16.79 a share in cash for Dream Global Real Estate Investment Trust, according to a statement from the companies Sunday. The offer is 19 per cent higher than Dream Global’s closing price Friday in Toronto. The stock jumped 17 per cent to C$16.57 Monday.
Dream Global, which went public in 2011, operates office and industrial properties across Western Europe. The offer values the equity of the company at about $3.2 billion.
“This transaction is an exciting opportunity for Blackstone to expand its existing office and logistics portfolios in some of the largest and most important markets in the region,” said James Seppala, head of Backstone’s real estate in Europe.
The deal comes less than a week after Blackstone separately said it raised US$20.5 billion for its largest real estate fund ever. The private equity industry’s largest real estate investor held a final close on Blackstone Real Estate Partners IX. The amount gathered is more than the US$15.8 billion raised by the 2015 pool.
Toronto-Dominion Bank and National Bank of Canada were the financial advisers on the deal, which requires two-thirds support of Toronto-based Dream Global’s shareholders.
--With assistance from Robert Tuttle