On Friday, Singapore’s sovereign wealth fund, GIC stated, it had signed a deal to acquire a logistics real estate portfolio from Apollo Global Management’s affiliates for about $1 billion (950 million euros). “The portfolio comprises of 28 logistics assets across… Read More ›
The boards of both companies hve agreed to the merger and a binding MOU is set to be signed in the coming weeks. On Thursday, in a joint statement, Peugeot’s owner PSA and Fiat Chrysler stated, they would merge by… Read More ›
BMW could relocate production of the Mini from Oxford to Netherlands, in case of a no-deal Brexit. In a significant development, BMW’s Chief Executive Harald Kruege disclosed, it could relocate more of its production facilities of its Mini to a… Read More ›
Italy’s antitrust watchdog has complained that with more companies following FCA’s trail, the Italian state will see severe loss of state revenues. Italy’s national competition watchdog has stated, the decision by Fiat Chrysler Automobiles (FCA) to move its financial and… Read More ›
Bayer has its hands full due to U.S. class-action lawsuits revolving around Monsanto’s Roundup weed killer which has glyphosate which causes cancer. In a statement, Bayer AG said it has hired Sidley Austin, a law firm to investigate a Europe-wide… Read More ›
Passenger load is a technical term in aviation parlance that equates to passenger density per flight. A higher figure denotes increased efficiency. On Friday, Air France KLM, which has in the past been the subject of political tensions between France… Read More ›
Paul Polman will be succeeded by Alan Jope, the head of Unilever’s beauty business. Anglo-Dutch consumer goods giant Unilever stated, its CEO Paul Polman will now be retiring. The move comes less than two months after the company had a… Read More ›
Air France-KLM’s management has successfully negotiated longer rests for pilots between flights with union bosses and have averted a strike. On Tuesday, in a development that marks the the overcoming of a strike that could have caused mayhem later this… Read More ›
With demand exceeding supply, the Dutch yacht building industry is seeing a new high. Continuing its maritime tradition and on the back of technical superiority stemming right from the 17th century, which is also known as the Golden Age, the… Read More ›
The uncertainty surrounding Britain, especially after the outcome of its June 8 snap elections, is taking a toll on the health of its economy. As per a board member for sales at BMW, the carmaker will take a decision as… Read More ›
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