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Renault, Geely create joint venture for hybrid, combustion engines May 31, 2024 01:23AM

(Reuters) -French automaker Renault and Chinese partner Geely announced a highly anticipated joint venture on Friday that will develop combustion and hybrid engines, aiming to improve the competitiveness of their legacy auto business.

The 50-50 venture is a core element of Renault's strategy to stay in the race against larger competitors by signing multiple partnerships to reduce costs and access new markets.

For Geely, the deal extends its... (continue reading...)


Australian fast food chain Guzman y Gomez seeks to raise $161 million in June IPO May 31, 2024 01:12AM

By Scott Murdoch

SYDNEY (Reuters) - Australian fast food chain Guzman y Gomez (GYG) is aiming to raise A$242.5 million ($160.75 million) in a June initial public offering, according to a company statement on Friday, in a deal that would be the country's largest new share sale in a year.

GYG is looking to sell 11.1 million shares at A$22 each which will value the food chain that specialises in Mexican food at A$2.2 billion.

... (continue reading...)


Australian fast food chain Guzman y Gomez seeks to raise $161 million in June IPO May 31, 2024 01:12AM

By Scott Murdoch

SYDNEY (Reuters) - Australian fast food chain Guzman y Gomez (GYG) is aiming to raise A$242.5 million ($160.75 million) in a June initial public offering, according to a company statement on Friday, in a deal that would be the country's largest new share sale in a year.

GYG is looking to sell 11.1 million shares at A$22 each which will value the food chain that specialises in Mexican food at A$2.2 billion.

... (continue reading...)


Australian fast food chain Guzman y Gomez seeks to raise $161 million in June IPO May 31, 2024 01:12AM

By Scott Murdoch

SYDNEY (Reuters) - Australian fast food chain Guzman y Gomez (GYG) is aiming to raise A$242.5 million ($160.75 million) in a June initial public offering, according to a company statement on Friday, in a deal that would be the country's largest new share sale in a year.

GYG is looking to sell 11.1 million shares at A$22 each which will value the food chain that specialises in Mexican food at A$2.2 billion.

... (continue reading...)


Australian fast food chain Guzman y Gomez seeks to raise $161 million in June IPO May 31, 2024 01:12AM

By Scott Murdoch

SYDNEY (Reuters) - Australian fast food chain Guzman y Gomez (GYG) is aiming to raise A$242.5 million ($160.75 million) in a June initial public offering, according to a company statement on Friday, in a deal that would be the country's largest new share sale in a year.

GYG is looking to sell 11.1 million shares at A$22 each which will value the food chain that specialises in Mexican food at A$2.2 billion.

... (continue reading...)


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May 31, 2024 01:12AM Australian fast food chain Guzman y Gomez seeks to raise $161 million in June IPO
May 31, 2024 01:12AM Australian fast food chain Guzman y Gomez seeks to raise $161 million in June IPO
May 31, 2024 01:12AM Australian fast food chain Guzman y Gomez seeks to raise $161 million in June IPO
May 31, 2024 01:12AM Australian fast food chain Guzman y Gomez seeks to raise $161 million in June IPO
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