The largest Chinese Internet company Alibaba Group Holding Ltd. will acquire from Auchan Retail International shares of the largest Chinese hypermarket operator Sun Art Retail Group for $ 3.6 billion, according to the press release from Alibaba.
“Alibaba is investing $ 28 billion ($ 3.6 billion) to acquire … 70.94% of Auchan Retail’s stake in its A-RT Holdings division, which owns 51% of Sun Art,” – the statement said.
After closing the deal, Alibaba will directly and indirectly own approximately 72% of the Sun Art.
Following the publication of the announcement of the deal, Sun Art shares on the Hong Kong Stock Exchange rose in price by 18.6%, Alibaba shares – by 1%.
Electric car maker Tesla has agreed with brokerage companies to sell its shares for a total of $ 5 billion. This was reported by Bloomberg, citing documents submitted to the US Securities and Exchange Commission (SEC). The shares will be sold at the market price. This is the third sale of Tesla shares in 2020. […]
Shares of BlackBerry jumped sharply on auction on December 1 after the news of a partnership with Amazon Web Service. TechCrunch writes that together they will develop and sell a service for connected cars – IVY platform. Stock quotes at the beginning of trading on the New York Stock Exchange (NYSE) rose by 35%. The […]
According to Bloomberg, citing documents submitted to the Securities and Exchange Commission (SEC), the short-term rental service Airbnb plans to raise $ 2.6 billion in listing in the US and receive an estimate of $ 35 billion. If the company manages to raise $ 2.6 billion, Airbnb’s placement will be the fourth largest IPO in […]
Salesforce is one of the world’s largest players in the cloud computing sector. They will buy Slack Technologies, the owner of Slack’s corporate messenger. The Wall Street Journal reports, Messenger will cost Salesforce $ 27.7 billion, which will be the largest acquisition of the company in its history. The terms of the deal include that […]
Company representatives, who engaged in the design, construction and equipment for solar power plants, note a significant decline in demand for their services. This is due to instability of the industry and growing debts for “green” electricity. “We are talking about 1260 MW of RES generation that has been launched in the first three quarters […]
Before starting flights, Boeing will need to comply with a number of regulatory requirements – retrain pilots and update aircraft software. Boeing shares in the premarket rose by 6.73% to $ 234.16 per share, according to previous trading data. The head of the US Federal Aviation Administration (FAA), Steve Dickson, has signed an order allowing […]
The consolidated net profit of the world’s largest retail chain, American Walmart, for the nine months of 2020-2021 fiscal year (February-October 2020) increased by 44% and amounted to $ 15.714 billion, according to a press release. Walmart’s adjusted net income per share for the nine months was $ 5.48 against $ 3.74 in the same […]
German automaker Volkswagen will invest about 73 billion euros over the next five years in electrification, hybrid powertrains and digital technology, the company said in a statement following a meeting of the supervisory board. In particular, about 35 billion euros are planned to be spent on electric cars on battery power, about 11 billion – […]
«Syutkin & Partners» Law Firm prepared a new series of programs “CAPITAL”. The “CAPITAL” discusses topical issues of big business in today’s economic climate: tax audits, economic crimes, corporate conflicts, etc. You will hear the views of industry experts and recommendations of specialized lawyers. Qualitative law business support will save and increase your capital. The […]
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Shares of large American technology companies – Microsoft, AMD, Visa, Tesla, Netflix and Facebook – have been admitted to trading on the Ukrainian stock exchange PFTS. This was reported by the press service of the exchange. According to the results of April 15, the quotations (best bid) of the mentioned shares are as follows: Microsoft […]
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An emergency situation due to the coronavirus has been declared in Ukraine. Probably a lot of people still do not have a full understanding of what it is and what restrictions have been imposed for the society and business. We asked S&P Investment Risk Management Agency to explain everything in detail. All the details are […]
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Over the next 12 months, Ukraine must pay $ 10 billion from its foreign currency debt. This is stated in the June report of the National Bank on financial stability. “Over the next 12 months, only foreign currency payments of the government and the NBU on public and guaranteed debt will exceed $ 10 billion. […]
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In March, the American aerospace corporation Boeing delivered to customers 29 aircraft comparing to 20 in March last year. The company has maintained positive dynamics for the second month in a row, Reuters reported the day before. In the first quarter, Boeing delivered 77 aircraft against 50 a year earlier. Also in late March, the […]
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The total net losses of subordinate companies of the State Agency of Motor Roads of Ukraine in 2020 amounted to UAH 116.5 million. This is evidenced by the report on the implementation of the financial plan, which analyzed the Marlin project. It is noted that according to the results of 2019, Ukravtodor suffered losses amounting […]
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Alfa-Bank intends to consolidate its Ukrainian unit with Ukrsotsbank, said the Chairman of the Board of Directors Peter Aven. “Association of Alfa-Bank and Ukrsotsbank can take years. Various options are possible for future transactions with UniCredit in Russia”, – Quotes Bloomberg agency his statement to journalists in Kiev. According to Aven, “Alfa-Bank” is going to […]
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China, Australia, Japan and 12 other countries in the Asia-Pacific region have formed the world’s largest free trade area. The agreement was signed during the online summit of the Association of Southeast Asian Nations. We are talking about the creation of a free trade area called the Comprehensive Regional Economic Partnership (CREP). The following countries […]
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The net profit of the German automaker Bayerische Motoren Werke AG (BMW) for January-September 2020 decreased almost 1.7 times year on year and amounted to 2.11 billion euros. Adjusted earnings per share were € 3.2 against € 5.37 a year earlier. Annual revenue decreased by 7.1% to last year’s level – to 69.508 billion euros. […]
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Press service of the international financial group VTB-Ukraine has confirmed the information about the planned sale of BM Bank. According to the official statement of the company, approval of decisions on the operation are going to realize till the 1 of March 2017 year. It is also worth noting that potential investors have already received […]
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Polish investors headed by the Aviva Investors Poland bought more than 3% stake of the “Astarta-Kyiv” agro-industrial enterprise. This is stated in the issuer’s announcement on the Warsaw Stock Exchange site. According to the report, the Polish investment funds headed by the Aviva Investors Poland SA concentrated 3,002% of shares of Astarta Holding N.V. (Netherlands) – […]
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Until quite recently, the Petcube took the lead position in the Ukrainian niche of gadgets for pets. But a startup team of the Moggie project proved their importance. The company is developing a smart collar for cats and mobile application, which in pairs or individually will allow owners to monitor the health of their pets, […]
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Ukrainian Network of supermarkets Novus gets a new CEO in the person of Mark Petkevich. His predecessor, Ihor Landa is leaving the post. The new ruler of Novus Ukraine, which has held the position of executive director of the network since September 2015, will enter the status of the General on January 19 this year. […]
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In 2019, Ukraine and Austria hold the Bilateral Cultural Year. Its official opening and the launch of the website austriaukraine2019.com took place on 22 February in Kyiv. The ceremony and the reception were attended by diplomats and cultural influencers of both countries. The Bilateral Cultural Year in Ukraine was inaugurated by Ambassador Extraordinary and Plenipotentiary […]
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The press service of Hawkley reports that Hawkley Oil & Gas Limited Australian mining company had reported about the Ukrainian company sale transaction assets of Tomeas Assets Ltd. The amount of transaction has constituted 1 million dollars. Negotiations on sale have continued since February 2016. Reportedly that Hawkley Oil & Gas Limited will allocate proceeds […]
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The Kyiv Court of Appeal denied to Russia’s Vnesheconombank (VEB) in recognition of the decision of the arbitrator of the Arbitration Institute of the Stockholm Chamber of Commerce, which, at the request of VEB, the Ministry of Justice of Ukraine was obliged to stop the forced sale of 99.77% of Prominvestbank shares. The court agreed […]
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