Fondazione Cariverona, UniCredit’s biggest Italian shareholder with a stake of 1.8% has called upon UniCredit to take measures to boost the share’s performance. On Friday, the head of a leading shareholder in UniCredit, he hoped Italy’s biggest bank would take… Read More ›
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Hyundai Card eyeing IPO for later this year
Hyundai Card has asked banks to pitch proposals for a potential IPO and expects to receive the proposals from banks by October 22. On Tuesday, Hyundai Card, the credit card unit of Hyundai Motor Group, disclosed it is preparing for… Read More ›
Thomas Cook holding advanced talks for $180.68 million additional cash injection
The move is aimed at increasing the liquidity during the 2019-2020 winter low cash period. On Monday, Thomas Cook Plc stated, it was holding advanced talks with noteholders for a $180.68 million (150 million) pound cash injection into the company…. Read More ›
Jezz Bezoz sells 990 million Amazon.com Inc’s shares, makes $2.8 billion
Jeff Bezoz had earlier stated, he would be selling stock every year to fund Blue Origin. As of last Friday, Amazon.com Inc’s Chief Executive Officer Jeff Bezos has sold $990 million worth of shares in the company and made a… Read More ›
Berkshire Hathaway Inc discloses $861 million stake in Amazon.com
Berkshire Hathaway Inc position in Amazon.com was made in a regulatory filing. Many investors monitor Berkshire’s quarterly filings for signs of which companies Buffett, Weschler and Combs see value. In a regulatory filing, Warren Buffett’s Berkshire Hathaway Inc disclosed that… Read More ›
Deutsche Bank could potentially acquire Commerzbank
A major shareholder common to both banks is open to the idea of their merger. But question is, can they both turnaround on their own? On Wednesday, Cerberus, a U.S. investor which has a major stake in Germany’s Commerzbank and… Read More ›
Nissan likely to pushback on having the same chairman as Renault: FT
Given Renault’s stake in Nissan, Jean-Dominique Senard, Renault’s chairman, will be joining Nissan’s board. On Wednesday, the Financial Times reported citing sources with knowledge of the discussions at hand, Nissan Motor Co Ltd’s independent committee on governance is likely to… Read More ›
Comcast places $65 billion in it bid for Fox Inc’s media assets
Comcast’s all cash offer may not go down well with Fox’s biggest shareholder, the Murdoch family, since accepting the deal would force it to potentially pay a multi-billion dollar capital gains tax. In a move that has essentially sparked a… Read More ›
Italian court suspends Telecom Italia’s $88 million fine
Having suspended the sentence, the Italian court has set July 24 as the next date of the hearing wherein it will pronounce the reasons for its judgment. In a significant development, an Italian court has suspended the $88 million (74.3… Read More ›
Berenberg slashes Telecom Italia’s price target
The price cut comes midst political headwinds and issues stemming from new competition and corporate governance. With Berenberg cut its price target on Telecom Italia (TIM), citing headwinds stemming from governance issues and new competition, TIM’s share prices fell more… Read More ›