Competition regulator said it would escalate its investigation into whether the planned acquisition could harm competition in the videogame industry. Read More...
Reuters
Inditex founder Amancio Ortega to buy U.S. warehouses for $905 million
Spanish billionaire and Zara founder Amancio Ortega is in talks to buy several warehouses in the United States rented by global firms such as Amazon and FedEx for $905 million, Ortega’s family office Pontegadea said on Tuesday. The deal follows the purchase in recent months of two other distribution centers in Wisconsin and Pennsylvania for $35 million and $148 million respectively, the company added. The Spanish newspaper El Pais, which reported the deal earlier on Tuesday, said the assets are strategically located and rented with long-term leases to blue-chip companies such as Amazon, FedEx, TJX, Home Depot and Nestle.
Add Comment