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News Highlights: Top company news on 3/5

Dow Jones Newswires ·  Mar 5, 2021 16:23

Volkswagen said that its namesake brand plans to increase the share of fully-electric-vehicle sales in Europe to more than 70% by 2030.

  • Hollywood eyes recovery as movie theaters reopen in New York City and San Francisco

With movie theaters in two major box-office markets poised to reopen this weekend, the industry is hoping consumers are ready to go to the movies again.

  • Reddit names its first finance chief

Drew Vollero previously led social-media company Snap through its public listing.

  • Saks owner to separate e-commerce and stores

Insight Partners has put up $500 million for a minority stake in Saks.com, valuing the business at $2 billion.

  • Aggreko agrees to takeover by private equity consortium

Aggreko has agreed to be bought by private equity firms, I Squared and TDR Capital for GBP2.32 billion in cash.

Norway's Norsk Hydro has agreed to sell its rolled-products business to U.S. private-equity firm KPS Capital Partners in a deal worth $1.66 billion.

Source: Dow Jones Newswires

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