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 – […]
Kharkiv plant Electrovazhmash will soon receive a certificate and will participate in tenders of Ukrzaliznytsia for the renewal of rolling stock. This was announced on Thursday, March 25, the State Property Fund. Representatives of the companies discussed further cooperation within the framework of the previously signed road map. The Minister of Infrastructure Vladislav Krykliy and […]Next
This year, the state enterprise Antonov is preparing an order for four An-74 aircraft. Deputy Prime Minister – Minister for Strategic Industries Oleg Urusky, stated this. “In order for our aviation industry to function properly, we must talk about dozens of orders. In addition, this year we are preparing an order for four An-74 aircraft. […]Next
US President Joe Biden on Wednesday, June 9, signed a decree lifting restrictions against Chinese services TikTok and WeChat, imposed by former President Donald Trump. The press service of the White House reports. This is a decree of August 2020 on restrictions against the Chinese companies ByteDance and Tencent, which own the video service TikTok […]Next
The United Nations has raised its GDP growth forecast to 5.4% (from 4.7% in January) in 2021. This is stated in the report of the organization. According to the UN, after a sharp decline of 3.6% in 2020, the world economy is expected to grow by 5.4% this year. It is noted that global growth […]Next
The Hong Kong administration “until further notice” canceled all orders for the purchase of coronavirus vaccine from Pfizer and BioNTech, and stopped using it for vaccination in all two dozen locations in the city, according to the South China Morning Post. This happened after the distributor of the drug in the region of Fosun Pharma […]Next
Tesla shares reached their new peak on Thursday jumping 7.95% to a price of $1208.66. The manufacturer of electric cars Tesla was rated as the world most expensive automaker (in terms of market capitalization), overtaking the world leader Toyota Motor. Since the beginning of the year, Tesla shares have risen by 189% having climbed 166% […]Next
The State Property Fund sold the second object of the alcohol industry – Artemivsk distillery – for 50 million hryvnias. This was reported by the press service of the State Property Fund on Facebook. “The auction for the sale of the property of Artemivsk MTD and the storage of alcohol has just ended. This is […]Next
Radisson Hotel Group is proud to be the world’s first hotel group to make all meetings and events across 400+ hotels in its EMEA portfolio carbon negative. For every event taking place at its participating hotels, Radisson Hotel Group will offset double the carbon footprint, to ensure that every meeting has a positive impact on […]Next
In the case of vaccination of 10 million people at risk, Ukraine can receive a loan of $ 30 million from the World Bank, and the total assistance will be $ 90 million, according to the Ministry of Finance. This financial assistance can be provided under the COVID-19 Emergency Response and Vaccination in Ukraine project […]Next
Shares of Twitter, which rose 28.5% since the beginning of 2021 and 88.3% over the past 12 months, rose sharply by 5% after the publication of quarterly results above analysts’ forecasts. Twitter reported sharp revenue growth of 74% to $ 1.19 billion from a forecast of $ 1.06 billion. The company’s revenue growth in the […]Next
For the first time in 40 years, the American oil company ExxonMobil suffered an annual loss of $ 22.4 billion. Last year the company’s revenue fell by 30.7% to $ 46.5 billion. The agency notes that the company suffered billions in losses due to the coronavirus pandemic and falling demand for oil, as well as […]Next
The TMT Investments Company has sold a 7.1% stake in the Depositphotos company to the private European investor, whose name was not disclosed. The deal amounted to $ 5.85 million. Thus, the overall assessment of the Ukrainian company, according to the terms of this transaction, is approximately $ 82 million. TMT will use the proceeds […]Next
The new draft law on telecommunications in UK suggests that companies, mobile operators, Internet – companies will have to keep the data about activity of their customers online for one year, and this will enable special services to require this data if necessary and to read them. According to the information of the British Government, […]Next
International Court of Arbitration in New York in a dispute between the UMH – the Ukrainian publisher of “Forbes Ukraine” magazine, and the Forbes Media, LLC American publishing house ruled in favor of the latter on April, 20, and revoked the license of Forbes Ukraine, said in Forbes Media, LLC to the publication LІGA.net UMH […]Next
The Nord Stream-2 project is already 95% built. Russian Deputy Prime Minister Alexander Novak said so. Novak is confident that the pipeline will be completed, despite US actions. “This project is fully compliant with European law. It is just a competition from American partners. They want to supply their liquefied natural gas to Europe. That […]Next