US Investor Consortium Acquires Germany's Galeria

11 Apr 2024 CW Team

Germany's Galeria, a prominent retail chain, has been acquired by a consortium led by US investor Baker and Beetz. The deal signifies a cross-border transaction strengthening ties between US and German investors in the retail sector. The acquisition is poised to bring strategic synergies and opportunities for growth in the European retail market.

Galeria, known for its wide range of products and strong presence in the German retail landscape, attracted interest from international investors seeking to capitalise on its established brand and customer base. The consortium, led by Baker and Beetz, aims to leverage Galeria's strengths and enhance its market position through strategic initiatives and investments.

The acquisition reflects the growing trend of global investors seeking opportunities in the retail sector, particularly in established markets like Germany. With consumer preferences and shopping habits evolving rapidly, investors are increasingly looking to diversify their portfolios and tap into new growth avenues.

Both parties have expressed optimism about the prospects of the deal and their ability to drive value creation for Galeria and its stakeholders. The consortium plans to leverage its expertise and resources to support Galeria's expansion plans and strengthen its competitive position in the retail industry.

The completion of the acquisition is subject to regulatory approvals and customary closing conditions. Upon finalisation, the consortium will work closely with Galeria's management team to implement its strategic vision and unlock new opportunities for growth and success in the European retail market.

Real Estate

17 Sep 2025

Indian REITs Offer 6-7.5 per cent Yield, Surpassing Many Global Markets

Indian Real Estate Investment Trusts (REITs) are delivering average yields of 6–7.5 per cent for unitholders, outperforming many mature markets, including the US, according to a report by Credai and Anarock.Credai, the apex body of Indian real estate developers, and property consultant Anarock released the report Indian REITs – A Gateway to Institutional Real Estate at an event in India.Currently, India has five listed REITs – Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT, Nexus Select Trust, and Knowledge Realty Trust. Nexus Select Trust pr..

Insolation Energy Wins 226 MW Solar Projects Under PM-KUSUM

Insolation Energy on Monday announced securing multiple solar projects totalling 226.45 MW, with an investment of Rs 7.5 billion, under the PM-KUSUM scheme. The orders were awarded to its wholly-owned subsidiary, Insolation Green Energy Pvt Ltd, by Jaipur Vidyut Vitran Nigam Limited for 20 sites and Ajmer Vidyut Vitran Nigam Limited for 115 sites, the company informed the exchanges.“The combined SPV solar power plants will total 226.45 MW under PM-KUSUM Component A, with the final levelised tariff at Rs 3.04 per unit for 16 sites, Rs 2.82 per unit for 5 sites, Rs 2.75 per unit for 53 sites, ..

Numaligarh Refinery Awards EPC Contract for Rooftop Solar Projects

State-owned Numaligarh Refinery Ltd. (NRL) has awarded a Letter of Award to Solarium Green Energy Ltd. for the rate contract covering the Engineering, Procurement, and Construction (EPC) of grid-connected rooftop solar PV projects at various locations. The projects fall within the categories of 51–200 kW and 201–1000 kW. Notable projects include a 140 kW rooftop solar plant at NRL Assam, a 760 kW plant at NRL Assam, and a 280 kW plant at NRL West Bengal.The supply order covers ex-manufacturing works and the dispatch price for plant and equipment for the 140 kW, 760 kW, and 280 kW rooftop s..