Tag: state property
EnBW sells electricity grid share for around one billion euros
EnBW The energy supplier had originally hoped for a higher purchase price when selling part of its electricity grids. (Photo: dpa) Stuttgart The energy supplier EnBW is making progress with…
Lufthansa joins airline ITA
Airbus 350 from ITA Lufthansa is joining Alitalia’s successor airline. Complete takeover is planned for a later date. (Photo: Bloomberg) Frankfurt Lufthansa has reached an agreement with the Italian government…
New Uniper management wants to privatize the group again “as quickly as possible”.
Dusseldorf According to the will of the new board of directors, the crisis group Uniper should be privatized again as quickly as possible. At the energy supplier’s annual general meeting…
Sovereign wealth funds are becoming more cautious when it comes to investing
Skyline Frankfurt The most important sovereign wealth fund managers look at the broad lines, not the details, in the portfolios. (Photo: Imago/Westend61) Frankfurt The sovereign wealth funds of this world…
A Big Buzz – How Far Should Germany Go on Cannabis Legalization?
Dusseldorf The legalization of cannabis is not only controversial in Germany: only a few countries have so far been able to bring themselves to approve the drug, at least for…
Italy is still negotiating the sale of ITA to Lufthansa
Airbus A380 Lufthansa boss Spohr had promised a decision by Monday. (Photo: IMAGO/Christian Grube) Rome According to an insider, the Italian government is extending exclusive talks with Germany’s Lufthansa about…
Government lowers hurdles for sale of Rosneft stake in PCK Schwedt
Refinery PCK Schwedt With the new version of the Energy Security Act, the federal government can more easily sell shares in companies managed by trustees. (Photo: dpa) Berlin The federal…
Now ITA is all about price
ITA Airways jet prepares to land in Los Angeles Lufthansa is apparently making good progress in talks about taking over the Italian airline. (Photo: AP) Frankfurt Lufthansa boss Carsten Spohr…
Kuwait sells Mercedes shares for almost 1.4 billion euros
Kuwait sells Mercedes shares Mercedes headquarters in Stuttgart-Untertürkheim: The ownership structure is changing somewhat as a result of the partial withdrawal of the Kuwaiti sovereign wealth fund. (Photo: dpa) Stuttgart…
Kuwait faces a partial withdrawal
Kuwait sells Mercedes shares Mercedes headquarters in Stuttgart-Untertürkheim: The ownership structure is changing somewhat as a result of the partial withdrawal of the Kuwaiti sovereign wealth fund. (Photo: dpa) Stuttgart…
Kuwait faces a partial withdrawal
Kuwait sells Mercedes shares Mercedes headquarters in Stuttgart-Untertürkheim: The ownership structure is changing somewhat as a result of the partial withdrawal of the Kuwaiti sovereign wealth fund. (Photo: dpa) Stuttgart…
Buyer found for Signature Bank
Signature Bench The New York bank is taken over by the Community Bancorp. (Photo: AP) new York The US deposit insurance FDIC has found a buyer for the failed Signature…
A major merger is the worst solution for Credit Suisse
If a big bank like Credit Suisse starts to falter, there are several ways to stabilize it: a merger with another big bank, the government taking over bad assets, the…
A major merger is the worst solution for Credit Suisse
When a major bank like Credit Suisse falters, there are several ways to stabilize it: merger with another major bank, government takeover of toxic assets, government entry as an open…
HSBC takes over SVB UK for a pound – tech firms relieved
SVB UK headquarters in Finsbury Square, London HSBC takes over the British arm of Silicon Valley Bank. (Photo: Reuters) London British tech companies have reacted with relief to the rescue…
Dispute over gas and oil – how green does the KfW bank have to be?
Gas power plant in Hanover The state development bank KfW could play a decisive role in the construction of new power plants. (Photo: dpa) Berlin, Frankfort The federal government is…
Dispute over gas and oil – how green does the KfW bank have to be?
Gas power plant in Hanover The state development bank KfW could play a decisive role in the construction of new power plants. (Photo: dpa) Berlin, Frankfort The federal government is…
Energy company EDF writes record loss of 18 billion euros
Nuclear power plant in Saint-Laurent-Nouan, France In total, EDF’s mountain of debt now amounts to 64.5 billion euros – and is becoming a problem for the French government. (Photo: REUTERS)…
Gas importer Uniper writes record loss
Uniper headquarters in Düsseldorf Dusseldorf The Düsseldorf-based energy group Uniper closes the 2022 financial year with a loss of 19.1 billion euros. The company announced this on Friday. Uniper had…
Commerzbank pays first dividend since 2018 – share buyback planned
Commerzbank building in Frankfurt The bank wants to protect a dividend for 2022. (Photo: dpa) Frankfurt Commerzbank wants to pay a dividend for the first time in four years. Commerzbank…