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'.
Portuguese real estate investor and developer Bondstone is investing around €70 mln in a residential development in Belas Clube de Campo, municipality of Sintra, Portugal.
