Hudson's Bay Company (HBC) has formally rejected an offer to sell Germany's largest department store business and related real estate to its main rival in the country for €3 bn.
Opportunistic investors KKR and Baupost confirmed the acquisition of a portfolio of 33 Marriott International hotels across the UK from ADIA, while listed property group Covivio completed the purchase of 43 hotel properties in France, Belgium and Germany, in a €800 mln swap deal with AccorInvest.
