The week in business: 28 November

Summary

Dassault aircraft moves into Brussels, Chi-Chi's expands and an overview of the rest of the week's business news

Catering – Chi-Chi’s

The US-based tex-mex restaurant group plans to open franchise outlets in Kortrijk, Leuven and Ostend over the next two years. The company currently operates seven restaurants in Brussels and Flanders.

Aviation – Dassault
Together with engine manufacturer Snecma and electronics supplier Thales, the French-owned Dassault aircraft manufacturer has opened an office in Brussels to promote the Rafale military jet, which is replacing the ageing F16 in the Belgian Air Force.

Banking – Largillière Finance
The French boutique investment bank, specialised in corporate acquisitions and financial engineering, including crowd funding, has opened offices in Brussels.

Engineering – NMBS
Two affiliates of national railway operator NMBS, Eurostation and Transurb, in association with the Besix building group, have won a €47.5 million contract to build a bus hub station in Portmore, Jamaica. The new facility, expected to be completed in late 2017, is the second project for the partners in Jamaica following a €50 million development in 2008.

Petrochemicals – BP
The UK-based oil group has plans to invest several million euro in its Geel téréphtalic acid PET compound production unit to improve efficiency and cut energy consumption.

Property – Matexi
The residential housing developer, based in Waregem, West Flanders, is to issue a €30 million bond to finance its growth. The company, which has built 580 projects across Belgium and Luxembourg, plans to double the number of units it builds annually to 1,500.

Retail – Media Markt
The German-owned electronics and appliance retailer inaugurated its 13th  outlet in Flanders last weekend with a new location in Turnhout. The company also announced that it will open more outlets in the region over the next few years, possibly in the Leuven and Aalst areas.

Telecoms – Base
Belgium’s third largest mobile provider will take over the 45 Allo Telecom stores in January in a bid to strengthen its position on the local market. Meanwhile, the company, which is owned by the Dutch KPN group, is believed to be a takeover target of the French telecoms operator Free.  

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