Breaking News
FONT-SIZE Plus   Neg
Share SHARE

Compass Group Buys NKS Kabushiki Kaisha

Compass Group PLC (CMPGF.PK,CPG.L) acquired NKS Kabushiki Kaisha Ltd and associated companies from its Chief Executive Yamamoto.

NKS is a provider of food services, mainly to the healthcare sector, in Japan. The business is based in Tokyo, operating around 200 units with over 1,200 staff.

The acquisition is expected to strengthen Compass' presence in expanding healthcare sector and, in particular, in senior living.

The company added that for the year ended March 31, 2011, NKS had revenues of JPY 6.4 billion and gross assets of JPY 4.7 billion.

Click here to receive FREE breaking news email alerts for Compass Group Plc and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Stocks moved notably higher over the course of the trading day on Friday after initially showing a lack of direction. The gains on the day extended the recent upward trend by the markets, with the tech-heavy Nasdaq reaching its best closing level in almost a month. Looking to capitalize on news of an Ebola diagnosis in New York City, Republican Senate candidate Scott Brown issued a statement Friday criticizing his Democratic opponent Sen. Jeanne Shaheen, D-N.H., for "waffling" on a travel ban. In another troubling sign for Democrats, the results of a Gallup poll released on Friday show that Tea Party Republicans are much more motivated to vote in the upcoming midterm elections than other Americans. The poll found that 73 percent of Tea Party Republicans are "extremely" or "very" motivated to vote in this year's elections.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.