AuthorMaurice Eisma

Maurice Esma, a co-founder of EconomicInform is a freelance journalist with the expertise in international finance and corporate rights. The author can be reached by email [email protected]

Blackstone is continuing NBC Business bank takeover

B

The American investor, Blackstone, is continuing its bid to take over the Hague’S NBC Business Bank. As for now, 96.25% of the shares have been notified. According to the parties, all the conditions for a takeover have now been fulfilled. The closing date of the bid is 30 December and the remaining documents can be notified until 11 January. The board of directors and the commissioners are...

ZeroAvia secured the next round of investments

Z

The developer of hydrogen aircraft ZeroAvia raised $ 21.4 million in a new investment round. Among other things, oil and gas group Shell provided new capital to enable the company to further develop its emission-free aircraft. The largest contribution to the investment round was Bill Gates’ Fund. ZeroAvia develops relatively small hydrogen-powered aircraft, which for the time being are...

AMC Entertainment has 750 million outstanding debts, may collapse as soon as next month

A

AMC Entertainment is on the verge of collapse. The largest chain of cinemas in the world  needs $ 750 million to ensure its survival. Otherwise, it might be bankrupted. The company has been provided with some air by a capital injection of $ 100 million from Mudrick Capital but it isn’t enough. AMC has around a thousand standalone cinemas worldwide and accounts for more than 11,000 cinema...

Petobras takes over FPSO P-71 floating platform

P

The Brazilian oil company Petrobras takes over a floating platform from Shell Brazil and Petrogal Brazil. The deal involves $353 million.
The so-called FPSO P-71 is still being completed at a shipyard in the South American country. Petrobras also agreed on a new development plan for the Tupi oil field, where the floating platform would originally go.

Heineken becomes distributor of Stella Artois in Australia

H

Heineken buys some of the Australian activities of his Japanese branch Regent Asahi. The Dutch brewery thus acquired the distribution rights for brands such as Stella Artois, Strongbow and Beck’s in Australia. Asahi was forced to sell because of its own takeover of Carlton and United Breweries, which was sold by AB Inbev. The Australian Competition Authority made the transaction conditional...

Samsung is the main beneficiary of US sanctions against Huawei

S

Samsung has had an excellent quarter. The South Korean company benefited, inter alia, from the restrictions imposed by the United States on the Chinese competitor Huawei. The maker of smartphones and memory chips, which closed in the three months to September, with an operating profit of 12.3 billion won, compared to over 9 billion, according to preliminary figures. With that result, the company...

Tech bosses to testify before the Senate

T

Mark Zuckerberg and Jack Dorsey, the directors of Facebook and Twitter, will testify before a Senate Committee on October 28. According to a source of Reuters, Google director Sundar Pichai will also be present, but the company did not confirm that. The Senate Committee on Commerce wants to talk to the three CEOs about the possible reform of an American law protecting internet companies. The...

Snowflake raises $3.4B on IPO

S

The US cloud software developer Snowflake raises nearly $ 3.4 billion with its IPO this week. The company is thus signing up for the largest IPO in the United States this year for an operating company. Snowflake was founded in 2012 and provides, among other things, storage systems for data from various sources that enable rapid analysis. With those activities, the California company is one of the...

Euronext and Deutsche Börse race for Borsa Italiana takeover

E

Euronext will work with the Italian state lending provider CDP in an attempt to take over the Italian Stock Exchange manager Borsa Italiana. Cassa Depositi e prestige, as CDP stated in full in a statement. Reports of the share distribution were already circulating. Borsa Italiana is now part of the London Stock Exchange owner LSE Group. In addition to Euronext, the German Stock Exchange manager...

Baidu feels economic impact of the COVID pandemic

B

The Chinese internet giant Baidu is clearly suffering from the corona crisis. The group’s advertising revenue is under pressure because large companies in sectors such as tourism and financial services are reducing their expenditure in this area because of economic uncertainty. Baidu saw sales decline in the last second quarter to just over 26 billion yuan, more than 3.2 billion euros...

Recent Posts

Categories