Food Retail & Distribution

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Distribuidora Internacional de Alimentacion SA, Casino agree on alliance

1:40am EST

Distribuidora Internacional de Alimentacion SA:Has reached an accord with Grupo Casino to improve the two companies' competitiveness in talks with suppliers.Says the two companies will continue to operate independently.

Izumi to fully acquire Super Daiei through stock swap; Super Daiei to be delisted from Fukuoka Stock Exchange

1:30am EST

Izumi Co Ltd:Izumi Co Ltd to fully acquire Super Daiei Co Ltd through stock swap, with effective on Feb. 18.One share of Super Daiei Co Ltd's stock will be exchanged with 0.04 shares of Izumi Co Ltd's stock.175,404 shares of Izumi Co Ltd's stock will be exchanged.Super Daiei Co Ltd's stock will delist from Fukuoka Stock Exchange on Feb. 15, 2016.

Mitsuuroko Group Holdings subsidiary to acquire Familymart 's sub-subsidiary

1:00am EST

Mitsuuroko Group Holdings Co Ltd:Says Mitsuuroko Group Holdings's subsidiary Mitsuuroko Beverage Co.,Ltd. to acquire 600 shares (100 pct stake) in a Fukuoka-based company engaged in development and support of convenience stores from Familymart Co Ltd.Transaction amount is undetermined.Subsidiary to raise stake in the Fukuoka-based company to 100 pct from 0 pct.

R&I affirms Axial Retailing's rating at "BBB+" and changes outlook to positive from stable

Friday, 27 Nov 2015 01:00am EST

Axial Retailing Inc:Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "BBB+".Rating outlook changed to positive from stable.

KITOKU SHINRYO announces termination of investment in AN DINH TECHNOLOGY

Friday, 27 Nov 2015 01:00am EST

KITOKU SHINRYO CO LTD:Announced termination of investment in Vietnam-based company AN DINH TECHNOLOGY DEVELOPMENT AND INVESTMENT COMPANY LIMITED (AN DINH TECHNOLOGY).Says previous planned to hold majority stake in AN DINH TECHNOLOGY.

McColl's Retail Group plc announces board changes

Thursday, 26 Nov 2015 02:00am EST

McColl's Retail Group plc:Says that, as stated at the time of the IPO, James Lancaster is intending to step down from his position as chief executive.Says that a search will now commence to find a successor, with James remaining in the role until a replacement is identified.Says that given his extensive experience in the sector, and following consultation with key shareholders, the board has asked James to take over as non-executive chairman and he has agreed to carry out this role until AGM in April 2017.

ICA Gruppen AB forms property JV with 1:a AP-fonden, sells 13 properties

Thursday, 26 Nov 2015 01:00am EST

ICA Gruppen AB:ICA Real Estate and Första Ap-Fonden form Secore Fastigheter.Initially the company will acquire 13 store properties from ICA Real Estate Sweden, in which ICA will be the main tenant.The company, which is 50%-owned each by ica and första ap-fonden, will have an initial property portfolio worth about 1.1 billion Swedish crowns.ICA Gruppen says company's aim is to buy and own ica stores in strategic locations.The formation of the jointly owned company is in line with ICA Real Estate's strategy to maintain ICA's influence in the respective marketplaces while freeing up capital for future investments.

Metro AG gives FY 2014/2015 dividend forecast

Wednesday, 25 Nov 2015 01:37am EST

Metro AG:For FY 2014/2015 management board intends to propose dividend of 1.00 euros per ordinary share and 1.06 euros per preference share.To increase spread of dividend payout ratio from so far around 40 to 50 percent to around 45 to 55 percent.Reasons for increase are already visible positive signs of initiated transformation of Metro Group as well as significantly improved net debt.


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