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A division of Goldman Sachs, which is in charge of deals in the field of direct investment, may acquire a European network of budget B & B Hotels, Financial Times writes. The sale is negotiated by the French direct investment fund PAI Partners, which in March 2016 bought B & B Hotels for 790 million euros. Since the acquisition of the hotel chain by the fund, its EBITDA has almost doubled. At the end of 2018, B & B Hotels recorded revenue in the amount of 580 million euros. Its network has 486 hotels in 12 countries of the world. In addition to European countries, where the main activity of the company is carried out, its hotels are also located in Brazil and Morocco. The Financial Times reports that the sale of the hotel chain can be estimated at 1.9 billion euros.
On Monday, U.S. international banking giant Goldman Sachs (G.S.) said that it would resume negotiations with the Malaysian government this week to hammer out a multi-billion dollar financial settlement lost in a scandal at sovereign fund 1Malaysian ...
Central banks may need to increase quantitative easing programs according to an analysis from JPMorgan Chase & Co. The investment firm’s report resonates with the conclusion by Goldman Sachs Group strategists of limiting bond yields. ...
WeWork arranges $1.75 billion credit line with Goldman Sachs The shared workplace company WeWork said on Tuesday that it has arranged a $1.75 billion letter of credit with Goldman Sachs that is in the process of being syndicated and whose ...
Goldman Sachs calculated how much American Apple profits would decline if China bans the sale of its products after the American authorities have added Chinese Huawei to the list of companies that can buy goods and services in the US only after ...
American bank Goldman Sachs, following the results of the first quarter, reported on the reduction of its net profit by 20% in annual terms to 2 billion 182 million dollars. Profit of 5 dollars 71 cents per share, however, turned out to be ...
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