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 26, 2021
Bloomberg News
,(Bloomberg) -- Heimstaden Bostad AB agreed to buy hundreds of northern European properties from Swedish rival Akelius Residential Property AB in a deal valued at 92.5 billion kronor (9.1 billion euros) that underscores the attraction of the German real estate market to investors.
The company will buy 599 properties with 28,776 homes located in Berlin, Stockholm, Malmo and Copenhagen, plus its first investment in Hamburg.
“We are particularly pleased to grow and expand geographically in Germany, the largest and most mature residential market in Europe,” Christian Fladeland, co-chief investment officer at Heimstaden, said in a statement Sunday.
The deal comes amid efforts from Germany’s two biggest landlords -- Vonovia SE and Deutsche Wohnen SE -- to merge. Their combination to create a housing giant is being closely watched in Germany, as affordable housing has become a hot-button political issue and particularly in the once-cheap capital Berlin.
Heimstaden Bostad will finance the transaction using cash, 24.8 billion kronor in new equity and a 65.7 billion-krona bridge financing facility. Heimstaden AB, existing institutional shareholders and the Swedish Pensions Agency are among those who committed equity.
JPMorgan has underwritten Heimstaden AB’s bridge financing facility. The deal is expected to close in early December.
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