Tag: takeover
Deutsches Einhorn takes over US competitor Elevate Brands
Dusseldorf Philipp Triebel has an ambitious goal. “We want to build a new generation of global consumer goods group,” says the co-founder of SellerX to Handelsblatt. In the evaluation, the…
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…
Major US bank raises forecast after takeover – Wall Street closes undecided
New York, Dusseldorf Worries about a possible US default have dampened Wall Street investors’ mood. The Dow Jones lost 0.4 percent on Monday to 33,287 points. The tech-heavy Nasdaq, meanwhile,…
Why the majority of Deutsche Telekom is at risk
T-Mobile store in Richmond If T-Mobile quotes above $150 for 45 days, it’s payday for Softbank. (Photo: Getty Images; Per-Anders Pettersson) For Deutsche Telekom and its CEO Timotheus Höttges, it…
Head of e-scooter provider is preparing for consolidation
Various e-scooters are parked in a collective car park in Düsseldorf Voi is active in 29 cities in Germany. (Photo: IMAGO/Michael Gstettenbauer) Berlin In the spring, the e-scooters race across…
After the takeover, UBS and Credit Suisse will initially remain separate institutions
UBS and Credit Suisse buildings in Zurich Zurich After taking over its former rival Credit Suisse, the major Swiss bank UBS initially wants to operate the business of both institutes…
Why it is risky for Lufthansa to focus on flying
Lufthansa balance sheet check With flight operations growing again, costs are increasing. (Photo: dpa) Frankfurt The caterer LSG has been sold, the entry into the Italian ITA will soon be…
How Lufthansa forgets its customers in the frenzy of growth
Girl on the Lufthansa plane IT chaos, long-term strikes, lack of service: passengers suffer from the internal chaos at Lufthansa. A high market valuation and 1.5 billion euros operating profit…
How Lufthansa forgets its customers in the frenzy of growth
Girl on the Lufthansa plane IT chaos, long-term strikes, lack of service: passengers suffer from the internal chaos at Lufthansa. A high market valuation and 1.5 billion euros operating profit…
UBS profit surprisingly collapses ahead of Credit Suisse takeover
UBS in Zurich It is probably the last quarterly report of the largest Swiss bank before its integration with Credit Suisse. (Photo: Reuters) Zurich Investors only know such negative surprises…
Financial investor wants to take over Software AG for 2.2 billion euros
Frankfurt Sanjay Brahmawar has been talking about changes in one form or another ever since he became CEO of Software AG five years ago. The company from Darmstadt has a…
How Aldi Nord wants to make a new start in France
Aldi branch France Aldi has greatly expanded its business in France in recent years, but has not been successful. (Photo: imago/Sven Simon) Paris Aldi relies on the fairy tales of…
Financial investor wants to take over Software AG for 2.2 billion euros
Software Inc The company is struggling with bleak business prospects. (Photo: dpa) Frankfurt The financial investor Silver Lake wants to take over the recently weakening Software AG for 2.2 billion…
A spin-off of the Swiss business would be the best solution
UBS and Credit Suisse in Zurich All those involved should benefit from a spin-off of CS Switzerland. (Photo: Reuters) Many Credit Suisse customers have received mail these days. Or they…
Glencore plans hostile takeover of mining company Teck Resources
copper production Glencore reaches out to a Canadian copper producer. (Photo: Bloomberg/Getty Images) Zurich Glencore reaches for the Canadian mining group Teck Resources: The Swiss commodities trader is offering Teck…
Up to 30 percent of jobs at UBS-Credit-Suisse at risk
Ifo: Despite the bank tremors, companies can access loans more easily Despite concerns about a new financial crisis as a result of the turbulence surrounding the Silicon Valley Bank and…
Up to 30 percent of jobs at UBS-Credit-Suisse could be eliminated
Ifo: Despite the bank tremors, companies can access loans more easily Despite concerns about a new financial crisis as a result of the turbulence surrounding the Silicon Valley Bank and…
US government prepares plans for stricter banking regulations – banking reform in Italy too?
US bank regulators answer senators’ questions on SVB The US Senate Banking Committee on Tuesday launched leading US banking regulators on the collapse of the Silicon Valley Bank (SVB) and…
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…
Banking News: Report: US government prepares plans for stricter banking regulations – ECB Chief Economist Lane: Banking turmoil probably only temporary
US bank regulators answer senators’ questions on SVB The US Senate Banking Committee on Tuesday launched leading US banking regulators on the collapse of the Silicon Valley Bank (SVB) and…