There is no truth to the report, a source close to the company said, while Nokia declined to comment. (bloom.bg/3a1uMAW)
Airbus (AIR.PA), Europe’s biggest planemaker, on Thursday increased its controlling stake in the A220 regional jet program – Embraer’s main rival – as Canada’s Bombardier (BBDb.TO) sold out of the project it had set up.
The bank’s CEO James Gorman said on Thursday he expected the $13 billion all stock deal, the largest by a Wall Street giant since the 2007-2009 financial crisis, to be completed by the fourth quarter with little regulatory pushback.
Chief Executive Leslie Wexner, who bought Victoria’s Secret in 1982 and shaped its image by hiring supermodels to wear jewel encrusted bras and wings at its annual fashion shows, will step down and hand over to Bath & Body Works executive Andrew Meslow.
In an endorsement of the Anglo-Spanish group just weeks before its founder Willie Walsh steps down, Qatar said on Wednesday the move showed its support for IAG and its strategy.
Dubai announced this week one of its state companies, Port and Free Zone World (PFZW), part of state investment vehicle Dubai World, aims to buy publicly listed shares of port operator DP World in a deal with a $13.9 billion valuation which will end up adding billions of dollars of debt to DP World’s books.
The cash and shares deal, announced Monday, will make the combined entity the world’s second-biggest train maker after China’s state-owned CRRC Corp. It is the latest attempt by Western rail firms to try to build scale to lower costs.
The deal is expected to close in the next six to nine months, the companies said.
DUBAI (Reuters) – Dubai is to take full control of port operator DP World DPW.DI in a deal with a $13.9 billion valuation that will help the company at the center of the emirate’s 2009 debt crisis to repay some of its borrowings.
A bruising short-selling attack by Muddy Waters launched two months ago has seen the company’s market value fall to 1.6 billion pounds ($2.1 billion), a far cry from its peak value of about 8.4 billion pounds in August 2018.
FILE PHOTO: A Carrefour logo is seen on a Carrefour Hypermarket store in Antibes, France May 6, 2019. REUTERS/Eric Gaillard/File Photo
FILE PHOTO: A Bombardier advertising board is pictured in front of a SBB CFF Swiss railway train at the station in Bern, Switzerland, October 24, 2019. REUTERS/Denis Balibouse/File Photo