Tag: subsidiary
Fresenius with a drop in profits – dialysis subsidiary FMC burdens again
Fresenius The healthcare group is once again burdened by the weak development at the dialysis subsidiary Fresenius Medical Care. (Photo: dpa) Frankfurt The healthcare group Fresenius started the year with…
Fresenius with a drop in profits – dialysis subsidiary FMC burdens again
Fresenius The healthcare group is once again burdened by the weak development at the dialysis subsidiary Fresenius Medical Care. (Photo: dpa) Frankfurt The healthcare group Fresenius started the year with…
VW boss Oliver Blume cleans up at IT subsidiary Cariad
Oliver Blume The VW boss exchanges the management of the software unit Cariad. (Photo: imago/7aktuell) Berlin, Dusseldorf Radical cut at Cariad: Europe’s largest car manufacturer Volkswagen is fundamentally rebuilding the…
Battery subsidiary PowerCo plans to employ up to 1,500 people by the end of 2023
Visualization of the Gigafactory in St. Thomas, Canada Around 3,000 jobs are to be created around the largest VW battery plant. The factory is scheduled to open in 2027. (Photo:…
VW boss OliverBlume cleans up at IT subsidiary Cariad
Volkswagen Assembly at VW: the software is crucial for future success. (Photo: dpa) Berlin, Dusseldorf Radical cut at Cariad: Europe’s largest car manufacturer Volkswagen is fundamentally reorganizing its IT subsidiary…
Deutsche Bank subsidiary DWS earned less at the start of the year
Frankfurt The Deutsche Bank fund subsidiary DWS presented weaker results for the start of the year. Adjusted pre-tax profit fell in the first quarter compared to the same quarter last…
Media industry: Bertelsmann sells call center subsidiary Majorel
Thomas Rabe The Bertelsmann boss has sold the call center holding Majorel. (Photo: Bertelsmann) Dusseldorf Bertelsmann sells its call center investment Majorel to the market leader Teleperformance from France. The…
Lufthansa finds buyers for catering subsidiary
Frankfurt The Lufthansa caterer LSG Group gets a new owner. The financial investor Aurelius takes over the subsidiary at an undisclosed price. Both companies announced this on Wednesday. The transaction…
Deutsche Telekom reaches majority in US subsidiary T-Mobile early
Timotheus Höttges at the Telekom Annual General Meeting The Dax group now holds the majority in the successful US subsidiary T-Mobile. (Photo: dpa) Bonn Deutsche Telekom has acquired the majority…
Lufthansa finds buyers for catering subsidiary
Frankfurt The Lufthansa caterer LSG Sky Chefs gets a new owner. The financial investor Aurelius takes over the subsidiary at an undisclosed price. Both companies announced this on Wednesday. The…
Trumpf subsidiary drives quantum research forward
Prime Minister Winfried Kretschmann visiting Qant The politician (2nd from left), together with State Secretary for Economic Affairs Michael Kellner (2nd from right), found out about the company’s technology from…
FTX’s European Subsidiary Launches Website for Refunds
FTX EU, the European subsidiary of the bankrupt cryptocurrency exchange FTX, has started to meet the refund requests of its customers. FTX EU has recently sent a in the notification…
Silicon Valley Bank Move from HSBC: Acquires UK Subsidiary for £1
UK subsidiary of global banking giant HSBC, The UK arm of the recently closed US Silicon Valley Bank (SVB) has acquired SVB UK for £1. HSBC’s UK subsidiary HSBC UK…
HSBC takes over British subsidiary of Silicon Valley Bank
Collapse of SVB bank prompts British politicians to plan British Finance Minister Jeremy Hunt promised rapid liquidity support to start-up companies in Great Britain affected by the collapse of the…
HSBC takes over British subsidiary of Silicon Valley Bank
Collapse of SVB bank prompts British politicians to plan British Finance Minister Jeremy Hunt promised rapid liquidity support to start-up companies in Great Britain affected by the collapse of the…
HSBC takes over British subsidiary of Silicon Valley Bank
Collapse of SVB bank prompts British politicians to plan British Finance Minister Jeremy Hunt promised rapid liquidity support to start-up companies in Great Britain affected by the collapse of the…
Otto closes the Mytoys subsidiary and lays off 800 employees
Headquarters of the Otto Group Despite high investments, the turnaround of the Mytoys subsidiary did not succeed. (Photo: imago/blickwinkel) Dusseldorf The Otto Group has decided to discontinue the business operations…
Dussmann subsidiary appeals in inheritance dispute
Catherine von Furstenberg-Dussmann The family had fallen out with the daughter because of her husband. (Photo: dpa) Dusseldorf The dispute between Catherine von Fürstenberg-Dussmann and her daughter Angela Göthert over…
1&1 announces complaint against Vodafone subsidiary Vantage Towers at the cartel office
Internet company 1&1 The expansion of mobile communications for 5G is sluggish at best. However, the company seems to identify competition as the cause. (Photo: dpa) Montabaur After considerable delays…
New legal form is coming – Fresenius decides to divest its subsidiary FMC
Frankfurt The expected unbundling is coming: The healthcare group Fresenius wants to complete the deconsolidation of its ailing dialysis subsidiary Fresenius Medical Care (FMC) this year. The company announced this…