Italian hotels attract foreign investors as pandemic bites

Italian hotels attract foreign investors as pandemic bites

The coronavirus pandemic is spurring deal opportunities in Italy’s luxury hotel sector as international travel restrictions aggravate financial woes. Italy is the only European country with more than 1m hotel rooms and big chains account for only 5 per cent of them,...
Swiss drugmaker Vifor had bid interest but talks halted

Swiss drugmaker Vifor had bid interest but talks halted

Swiss drugmaker Vifor Pharma had a recent takeover approach from at least one private equity firm, but talks were halted due to differences over price, two sources familiar with the situation said. The financial investors behind the initial approach suspended the...