Via Euronews: European elections 2019: Big gains for Liberals and Greens in first parliamentary results projection
Showing posts with label Merger. Show all posts
Showing posts with label Merger. Show all posts
5/26/19
Auto Industry; Merger between.Fiat Chrysler and Renault
Renault and Fiat Chrysler to announce merger talks: sources
French and Italian-US auto giants Renault and Fiat Chrysler are set to announce talks on an alliance, with a view to a potential merger, informed sources said on Sunday.
Read more at:
http://www.france24.com/en/20190526-renault-fiat-chrysler-announce-merger-sources-france
Read more at:
http://www.france24.com/en/20190526-renault-fiat-chrysler-announce-merger-sources-france
3/26/18
EU RAIL INDUSTRY MERGER: Franco-German deal creates European high-speed railway champion conglomerate
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| Europe's High Speed Railroad Network Best In The World |
The main rationale is the emergence of a Franco-German European champion able to compete with China’s state-owned CRRC giant. The new European champion will have a combined turnover of €15bn, about half the market share of CRRC
Alstom has just under 33,000 employees Europe'sworldwide, just over the Siemens Mobility section of 29,000.
Siemens will own 50% of Alstom, gaining a 0,5% controlling stake over the next four years. The French government backs the Paris-based company and will be placing a major multi-billion Euro order for over 100-next generation TGV trains over the next three months.
Alstom employs 32,800 people worldwide. Siemens Mobility has 28,800 staff members.
Read more: Franco-German deal creates European high-speed railway champion
7/2/17
European Insurance Industry: Merger creates European digital insurance group - by Terry Gangcuangco
Two insurtech pioneers have completed a merger to form The Digital Insurance Group.
Digital insurance broker Knip and comparison-software provider Komparu will complement each other in hopes of further innovation in the industry. The combination consists of 70 insurance, technology, and business development experts.
“This merger is an exciting step that will bring together two transformative insurtech brands to create a major force in Europe’s insurance sector. It represents a significant milestone for this rapidly growing sector, which is using disruptive technologies to deliver innovation to a multi-trillion dollar insurance industry,” said Ingo Weber, Group CEO of The Digital Insurance Group.
Knip launched in 2014 as Europe’s first truly-digital insurance broker, while Komparu became known for its proprietary comparison platform after launching in 2013. A large share of the mobile-first insurance brokerage market in both Germany and Switzerland has been captured by Knip.
With the merger, Knip’s platform will be serving a third of the nearly €1.1trn European insurance market. Meanwhile, Komparu – which provides SaaS technology services for insurance companies, brokers, and publishers – will be able to deliver an end-to-end solution for partners while broadening the group’s reach.
Komparu chief executive Ruben Troostwijk said Knip and Komparu will be able to share expertise and geographic footprints to create bigger and better innovations. On the other hand, Knip CEO Dennis Just is stepping down as Weber heads the new parent company.
Roeland Werring, who becomes Group CTO of The Digital Insurance Group, commented: “The consumer-facing apps and CRM of Knip on the one side, and Komparu’s transactional frameworks and B2B white-labelling tools on the other, complement one another perfectly.” He said the partnership not only promises immense possibilities for innovation but supports industry transformation as well.
Read more: Merger creates European digital insurance group | Insurance Business
Digital insurance broker Knip and comparison-software provider Komparu will complement each other in hopes of further innovation in the industry. The combination consists of 70 insurance, technology, and business development experts.
“This merger is an exciting step that will bring together two transformative insurtech brands to create a major force in Europe’s insurance sector. It represents a significant milestone for this rapidly growing sector, which is using disruptive technologies to deliver innovation to a multi-trillion dollar insurance industry,” said Ingo Weber, Group CEO of The Digital Insurance Group.
Knip launched in 2014 as Europe’s first truly-digital insurance broker, while Komparu became known for its proprietary comparison platform after launching in 2013. A large share of the mobile-first insurance brokerage market in both Germany and Switzerland has been captured by Knip.
With the merger, Knip’s platform will be serving a third of the nearly €1.1trn European insurance market. Meanwhile, Komparu – which provides SaaS technology services for insurance companies, brokers, and publishers – will be able to deliver an end-to-end solution for partners while broadening the group’s reach.
Komparu chief executive Ruben Troostwijk said Knip and Komparu will be able to share expertise and geographic footprints to create bigger and better innovations. On the other hand, Knip CEO Dennis Just is stepping down as Weber heads the new parent company.
Roeland Werring, who becomes Group CTO of The Digital Insurance Group, commented: “The consumer-facing apps and CRM of Knip on the one side, and Komparu’s transactional frameworks and B2B white-labelling tools on the other, complement one another perfectly.” He said the partnership not only promises immense possibilities for innovation but supports industry transformation as well.
Read more: Merger creates European digital insurance group | Insurance Business
1/28/13
Russia: Putin Backs Privatization of Stakes on Moscow Exchange
President Vladimir Putin’s call for privatizations to be focused on the Moscow bourse may have the unwanted effect of draining demand from a planned $2 billion stock offering by banking group .
Analysts warned on Monday that the Moscow stock exchange is too small to supply all the capital being sought by VTB and a series of state-owned companies, which could depress the price of the shares they aim to sell.
And a shortage of local demand could also undermine Putin’s desire to use the planned share offerings to boost Moscow’s status as a financial hub.
Seeking to transform Moscow into a global financial center rivaling New York, London and Hong Kong, Putin last week called for all state share sales to be held in Russia.
Recently, Russia merged its two stock exchanges into the united Moscow Exchange in a step to ease domestic share issues. The exchange plans an initial public offering on its own platform later this year.
But trading volumes in Moscow remain small by comparison with New York or London — the main listing platforms in recent years for Russian companies — as it has yet to create a competitive infrastructure and gain the trust of investors.
According to brokerage , only 1.5 million people in Russia are direct or indirect stock market investors, compared with more than half of households in the United States.
Analysts warned on Monday that the Moscow stock exchange is too small to supply all the capital being sought by VTB and a series of state-owned companies, which could depress the price of the shares they aim to sell.
And a shortage of local demand could also undermine Putin’s desire to use the planned share offerings to boost Moscow’s status as a financial hub.
Seeking to transform Moscow into a global financial center rivaling New York, London and Hong Kong, Putin last week called for all state share sales to be held in Russia.
Recently, Russia merged its two stock exchanges into the united Moscow Exchange in a step to ease domestic share issues. The exchange plans an initial public offering on its own platform later this year.
But trading volumes in Moscow remain small by comparison with New York or London — the main listing platforms in recent years for Russian companies — as it has yet to create a competitive infrastructure and gain the trust of investors.
According to brokerage , only 1.5 million people in Russia are direct or indirect stock market investors, compared with more than half of households in the United States.
9/12/12
Areospace Industry: BAE and EADS in merger talks to create aerospace giant
Britain's BAE Systems and Airbus-owner EADS are in advanced merger talks to create a combined group worth euro 33.23 billion (US 48 billion), overtaking Boeing as the world's biggest aerospace and defense company in terms of sales.
Under the detailed plans announced by the two firms on Wednesday BAE shareholders would own 40 percent of the combined group and EADS shareholders the remaining 60 pct with the firm structured as a dual-listed company.
Read more: BAE and EADS in merger talks to create aerospace giant | Reuters
Under the detailed plans announced by the two firms on Wednesday BAE shareholders would own 40 percent of the combined group and EADS shareholders the remaining 60 pct with the firm structured as a dual-listed company.
Read more: BAE and EADS in merger talks to create aerospace giant | Reuters
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