Financial news, corporate announcements, analysts’ reports
PARIS: – OCI Global (Euronext: OCI) and Orascom Construction PLC (ADX, EGX: ORAS) said on Tuesday they have reached an agreement to combine operations, creating a new Abu Dhabi-anchored infrastructure and investment platform aimed at expanding global reach and growth prospects. Under the deal, OCI shareholders will receive 0.4634 Orascom Construction shares for each…
LONDON – Consumer goods giant Unilever PLC said on Friday its long-planned demerger of its ice cream unit will complete this weekend, with the new standalone company, The Magnum Ice Cream Company N.V. (TMICC), set to begin trading on three major exchanges next week. The demerger, first announced in March, will become effective at…
GUERNSEY – Global Interconnection Group Limited (GIG) said on Thursday it has received expressions of interest from third-party investors, including a formal proposal to acquire the entire company, as well as other proposals for substantial investments. The company, which owns subsea cable and energy interconnection assets, stated it has entered into a term sheet with…
Net profit for the six months to June 30 fell to 14.1 million euros ($15.1 million) from 29.1 million euros a year earlier AMSTERDAM: Ferrari Group PLC (FERGR.AS), a specialist logistics provider for the luxury goods industry, reported a fall in first-half net profit, weighed down by a one-off provision linked to an Italian customs…
AMSTERDAM: Euronext congratulates Dutch Star Companies TWO, a special purpose acquisition vehicle, with its listing on Euronext Amsterdam today. At opening, based on a reference price of €10 per share, the total market capitalisation of Dutch Star Companies TWO1 (ticker symbol Ordinary Share: DSC2, ticker symbol Warrants: DSCW1, DSCW2 and DSCW3) was approximately €110…