Swiss retailer Jelmoli on Thursday confirmed it had received an initial approach by its majority shareholder Pelham Investments, which may or may not lead to a public offer. The statement came after media speculation that Pelham, the investment vehicle of Swiss billionaire Georg von Opel, was looking to make an offer for the entire company. Jelmoli added that it 'deems a potential offer far from certain'.
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
