Investors are keeping a close watch on key market developments related to French and Benelux companies.
Among them, Europe’s largest retailer, Carrefour (ASX:CSR), expressed confidence in its 2024 outlook, reporting record cash flow of 1.62 billion euros last year.
Profits in its French market rose by 18.5% amid high inflation.
In relation, Danone, a leading French dairy products manufacturer, aims to divest its Russian business to a businessman linked to Chechnya.
This move comes following a temporary takeover of the company’s Russian operations by Moscow.
Further, French construction materials provider Saint-Gobain has entered preliminary discussions to acquire CSR, an Australian building materials corporation.
JDE Peet’s, one of the globe’s major coffee enterprises, projected organic sales growth for 2024, aligning with market predictions.
Universal Music Group intends to purchase a 25.8% share in Chord Music Partners, worth $240 million, a transaction that will lead to KKR’s departure from the music catalogue owner’s capital.
Airbus, the largest planemaker in Europe, received an order for 10 additional A220-300 aircraft from U.S.
airline Breeze Airways.
CSR is an Australian building materials company.