Tag: EURTOP

Holcim Sells India Arm to Billionaire Adani in $ 10 Billion Deal

The Swiss company will sell its 63.1% stake in Mumbai-listed Ambuja Cements Ltd. to Adani Group in a deal valuing the business at nearly $ 10 billion, according to a statement Sunday. Adani will inherit Ambuja’s controlling stake in another publicly traded cement producer, ACC Ltd., and buy Holcim’s direct 4.5% holding in the unit,…

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UAE’s Etisalat Pays $ 4.4 Billion for Nearly 10% of Vodafone

Etisalat offered about £ 130 ($ 159 dollars) a share, according to Bloomberg calculations. That’s a premium of about 10% to Vodafone’s £ 117.82 closing price Friday. The purchase makes Etisalat Vodafone’s largest shareholder, ahead of BlackRock Inc., the Vanguard Group Inc., and HSBC Holdings Plc, according to Bloomberg data. .

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Boots Suitors Get More Time to Bid for £ 7 Billion Pharmacy Chain

The company plans to allow suitors a few extra days to firm up their bids, the people said, asking not to be identified because the information is private. Walgreens had initially requested binding offers by May 16 for the business, which includes the Boots chain in the UK, but is now expected to receive proposals…

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EU Postpones Call With Orban Over Oil Sanctions

(Bloomberg) – A video call between the European Union and Prime Minister Viktor Orban to discuss proposed sanctions on Russian oil imports that Hungary is resisting was postponed, while the Hungarian leader spoke with French President Emmanuel Macron on energy issues. The EU approved the release of 600 million euros ($ 634 million) in aid…

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Trading Russian Oil Will Become Harder From Mid-May, Vitol Says

Russia’s exports of crude and oil products have probably dropped by around 1 million barrels a day from 7.5 million before the attack in late February, Mike Muller, head of Asia at Vitol Group, said Sunday on a podcast produced by Dubai-based Gulf Intelligence. They could fall further after May 15, he said. .

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U2’s Bono, the Edge Perform in Kyiv Subway to Show Support

Bono and the Edge, on acoustic guitar, performed U2’s “With Or Without You” and “Angel of Harlem” on the platform of the Khreshchatyk metro station in Kyiv’s city center, which has been used as a bomb shelter. They were joined by Topolia, in his army uniform, for the the Ben. E. King standard “Stand by…

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