Electrolux in $3.3 B deal with GE, Ryanair Orders 200 Boeing Planes

Nigel Thomas
08 Sep, 2014
New York City

Auriga sells Cheminova unit to FMC Corp for 10.5 billion kronor. Electrolux agreed to acquire appliances business of GE for $3 billion. L''Oreal to buy Brazil based hair care company for

[R]4:00 PM Frankfurt – Auriga sells Cheminova unit to FMC Corp for 10.5 billion kronor. Electrolux agreed to acquire GE’s appliances business for $3 billion. L''Oreal to buys Brazil based hair care company for €140 million. Ryanair ordered 200 Boeing''s 737 MAX 200.[/R]

In London trading, FTSE 100 index slipped 0.5% or 35.59 to 6,819.51 and in Frankfurt the DAX index was flat at 9,746.77.

In Paris, CAC 40 index slid 0.2% or 11.38 to 4,475.11.

Auriga Industries A/S gained 1.3% to 309 kronor after the Denmark-based crop protection products maker agreed to sell its Cheminova unit to the U.S.-based chemicals firm FMC Corporation for 10.5 billion kronor or $1.8 billion.

Electrolux AB climbed 4.6% to 196.20 kronor after the Sweden-based home appliances maker agreed to acquire appliances business of General Electric Co for about for $3.3 billion in cash.

The acquisition is expected to close during 2015.

L''Oreal SA slipped 1.1% to €127.10 after the France-based cosmetic products maker agreed to acquire Brazil-based Niely Cosmeticos Group, a private hair coloration and hair care company for undisclosed amount.

L''Oreal said net revenue in fiscal 2013 was 405 million Brazilian Reals or €140 million from a year ago.

Latvijas Gaze AS dropped 1.1% to €9.20 after the Latvia-based energy suppler received acquisition offer from Germany-based E.ON for about€175 million or $226.6 million.

Ryanair Holdings Plc fell 0.8% to €7.49 after the Ireland-based discount carrier agreed to purchase as much as 200 new Boeing''s 737 MAX 200 jetliner valued at $22 billion at list prices.