CategoryCorporate

Fiat Chrysler and PSA fine-tuned the merger agreement

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Car manufacturers Fiat Chrysler and PSA have modified the arrangements around their merger in order to better deal with the blows of the corona crisis. The two groups at the beginning of next year, would merge the fourth-largest automaker in the world, and to reduce, among others, the special dividend, the shareholders receive in the merger. The Special profit distribution has been reduced to a...

Nikkei shaken by NVIDIA/Softbank deal

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The Stock Exchange in Japan started the new business week on Monday with a profit. Heavyweight SoftBank was in demand thanks to a major takeover deal from the Japanese tech investor. In addition, the results of the election by the governing party of Japan of Prime Minister Shinzo Abe’s successor were awaited. The other Stock Exchange meters in the Asian region were also improving. The main...

Deutsche Börse will compete with Euronext for Milan Stock Exchange

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Deutsche Börse confirmed that it had made an offer on Borsa Italiana, the company behind the Milan Stock Exchange. Euronext thus has a competitor for the acquisition of the Italian Stock Exchange Company. Deutsche Börse, active, inter alia, with the Frankfurt Stock Exchange, prides itself as a good takeover for the future growth of Borsa Italiana as an autonomous group. “This will...

Euronext and Deutsche Börse race for Borsa Italiana takeover

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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...

Shell buys interest in Kosmos Energy exploration projects

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Oil and gas group Shell has made a deal with the American Kosmos Energy about a takeover of interests in various exploration projects. This amounts to USD 100 million, plus future payments of up to USD 100 million. These are four projects off the coast of West Africa and Surinam. Exploration drilling is planned for 2021 for three of the four projects. The transaction between Shell and Kosmos...

Deutsche Bank disagrees on Wirecard price

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According to Bloomberg, Deutsche Bank has no intention to buy Wirecard’s banking branch. The price of EUR 100 million would be far too high. That is the minimum amount that Wirecard-curator Michael Jaffe wanted for the sale of the assets in order to avoid liquidation, according to the sources. Last week, a bid by Deutsche Bank for Wirecard parts was refused because it would have been too...

AkzoNobel acquires low-temperature powder coating division from Stahl

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Paint maker AkzoNobel takes over the powder coating operations of the American branch agent Stahl. The company announced it without releasing any financial details. The takeover is already completed. With the purchase of Stahl Performance Powder Coatings, AkzoNobel will, among other things, have at its disposal technologies for powder coatings which hardened at relatively low temperatures. These...

22000 workplaces at risk in Europe’s biggest airline

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Lufthansa

Lufthansa is working on additional measures to reduce costs. In addition to the job reductions already announced, 20,000 more jobs are at risk at the company, according to several German-speaking media. The largest airline in Europe has been hit hard by the coronacrisis, as have branch representatives. The pandemic has caused a sharp decline in international travel. Lufthansa has already been...

TikTok deal is withing days, not months

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The departure of Kevin Mayer as the top man of video app TikTok may mean that the American branch of the company will be sold within a few days. Microsoft is the likely buyer, telling sources to the American news channel CNBC. According to the initiates, Mayer was not involved in any discussions with Microsoft. The CEO wanted to run TikTok as an independent company, not as part of a larger...

Syngenta still intends to public in 2022

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The Swiss seed dealer and producer of pesticides Syngenta is still on a track to stock exchange in mid-2022. That’s what top man Erik Firwald said on Thursday during the presentation of the six-month figures. It appeared earlier that the owner China National Chemical, also known as ChemChina, wants to reduce its debt with the proceeds of the IPO. The stock market, possibly one of the...

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