The week in business: 22 September

Summary

Fox Network takes over local ad sales group Transfer, The Mint to open next month and an overview of the rest of the week's company news

Media – Transfer

The Antwerp-based TV ad sales company has been acquired by the Fox Network Group of the US, just weeks after winning the local market rights for advertising slots on the French TF1 TV channel.

Retail – The Mint
The 15,000 square-metre shopping centre in the centre of Brussels, formerly known as the Monnaie, will re-open in early October following extensive renovations. New tenants include Japanese brand Uniqlo, French sport shop Decathlon, the American NYX Cosmetics and Denmark's Flying Tiger.

Retail – Monki
The trendy label, part of the Swedish H&M retailing group, will open its first Belgian outlet  in November on the Meir in Antwerp.

Cinemas – Kinepolis
The Ghent-based operator of multiplex cinemas is paying €84 million to acquire Canada’s Landmark Cinema group, operator of 44 complexes with more than 300 screens in central and western Canada. The move is Kinepolis’ first venture outside of Europe, where it operates 48 cinema complexes.

Insurance – Ageas
The Brussels-based insurance group has signed a strategic partnership agreement with China’s Taiping to further develop its activities in the reinsurance, assets management and infrastructure financing and investment fields in Asia.

Dairy – Inex
The dairy group, headquartered in Sint-Lievens-Houtem, East Flanders, is acquiring the Olvarit soy milk brand from France’s Danone group.

Biotech – Thrombogenics
The Leuven-based developer of drugs for eye problems associated with diabetes has regained the patent rights to its best-selling Jetrea treatment from Switzerland’s Novartis group. As part of the agreement, Novartis will pay €54 million and invest €10 million in capital in the company.

About the author

No comments

Add comment

Log in or register to post comments