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Computer & Electronics Retailers

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Cnova contemplates reorganization of brazilian activities within Via Varejo

Thursday, 12 May 2016 12:59am EDT

Cnova Nv : Reg-Cnova n.v. : cnova n.v. Contemplates reorganization of its brazilian activities within via varejo . It has entered into a memorandum of understanding ("mou") with via varejo s.a. . Deal regarding a possible reorganization of its brazilian subsidiary, cnova brazil, within via varejo. . Cnova would receive 97 million of its own shares currently held by via varejo and cash consideration ranging from usd 32 million to usd 49 million . Via varejo would reimburse a debt currently owed by cnova brazil to cnova equivalent to approximately usd 127 million . Parties expect to reach a definitive agreement with respect to proposed transaction by beginning of q3 .Cnova's parent casino would make an offer to purchase outstanding ordinary shares of cnova from its public shareholders.

NIPPON TELEPHONE to dissolve wholly owned subsidiary in Hong Kong

Friday, 22 Apr 2016 02:30am EDT

NIPPON TELEPHONE INC:To dissolve its wholly owned subsidiary, HKNT CO., LIMITED, which has been engaged in the import and sales of used cell phone in Hong Kong, China.Effective date is to be determined.

Teknosa Ic ve Dis Ticaret AS to merge with its wholly owned unit Kliksa

Wednesday, 6 Apr 2016 11:30am EDT

Teknosa Ic ve Dis Ticaret AS:Says to merge with its wholly owned unit Kliksa ic ve Dis Ticaret AS through taking over Kliksa's all active and passive assets.

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