MELDUNGEN WIRTSCHAFT - Lufthansa erwirbt grossen Anteil an portugiesischer Fluggesellschaft +++ Zuger Beauty-Konzern Galderma kauft US-Firma ZO Skin Health
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Lufthansa strengthens its position in Brazilian aviation and Portuguese travel sector by acquiring a majority stake in portuguese airline Tap. The German carrier bid 1.2 billion Euros, outbidding Air France-KLM, and intends to expand Tap's business in Brazil and strengthen Lisbon Airport as a hub. Despite recent financial losses, Tap still generates 2 billion Euros in revenue annually.
Galderma, a Swiss dermatology enterprise, sets its sights on the U.S. market by purchasing ZO Skin Health for 1.5 billion U.S. dollars. This acquisition bolsters Galderma's position in the dermatology industry, known for its anti-aging products, and employs around 7600 people globally. Meanwhile, dating app Bumble is sold for 1.3 billion dollars to investment firm Ithaca Holdings, marking a dramatic drop from its 14 billion dollar peak value following its IPO in early 2021. The company's valuation has since dwindled to around 340 million dollars.
Written by urgent.news from NZZ Wirtschaft's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
