(IN BRIEF) MAHLE has signed an agreement to sell its 40% minority stake in Langfang Kokusan Electric Co., Ltd. to its co-shareholders. Langfang Jinrun Technology Group Co., Ltd. will acquire 28.5% of the stake, and Langfang State-owned Assets Business Co., … Read the full press release
Posted in Automotive, Business, Germany, Industrial, Investment
Tagged automotive, CHINA, electric motors, electric vehicle, Electrification Strategy, financial investment, generators, Langfang Jinrun Technology Group Co., Langfang Kokusan Electric Co., Langfang State-owned Assets Business Co., leisure equipment, long-term portfolio management, MAHLE, MAHLE Group Management Board, Markus Kapaun, Minority Stake, portfolio review, power generation, regulatory approvals
(IN BRIEF) Henkel has completed the sale of its Retailer Brands business in North America to First Quality Enterprises, marking the final step in its portfolio optimization strategy. The business, which includes products in the detergents, fabric finishers, and dishwash … Read the full press release
Posted in Business, Chemicals, Germany, Investment, Retail
Tagged acquisition, all®, Carsten Knobel, Consumer Brands, detergents, Dial®, dishwash categories, divestment, fabric finishers, First Quality Enterprises, got2b®, Henkel, laundry and home care market, North America, portfolio optimization, regulatory approvals, Retailer Brands business, Schwarzkopf®, Snuggle®, Strategic fit, Wolfgang König
(IN BRIEF) CA Personal Finance & Mobility has finalized its acquisition of a 50% stake in GAC Finance Leasing, now rebranded as Guangzhou GAC-Sofinco Finance Leasing. This move strengthens the partnership with GAC Group and enhances their leasing offerings in … Read the full press release
Posted in Automotive, Banks, Business, Economy, Financial, France, Government, Industrial, Investment, Management, News, Technology
Tagged 2023, AION, automotive financing, Automotive Group, CA Personal Finance & Mobility, CET1 ratio, Chinese market, CRÉDIT AGRICOLE GROUP, Crédit Agricole S.A., electric vehicle sector, electric vehicles, electrified vehicles, EV adoption, financial leasing, GAC Finance Leasing, GAC Group, GAC Motor, GAC Toyota, GAC-Honda, GAC-Sofinco AFC, GAC-Sofinco Leasing, Guangzhou GAC-Sofinco Finance Leasing, HYPTEC, joint venture, Leasing Solutions, operational leasing, partnership, regulatory approvals, reserved capital increase, Stéphane Priami, vehicle sales
(IN BRIEF) Roche has reported positive results from the second year of the EMBARK Phase III trial of Elevidys (delandistrogene moxeparvovec), the first approved gene therapy for Duchenne muscular dystrophy (DMD). The results showed statistically significant and clinically meaningful improvements … Read the full press release
Posted in Healthcare, Pharma & Biotech, Science, Technology
Tagged 10-meter walk/run, 10MWR, clinical data, clinical efficacy, crossover group, delandistrogene moxeparvovec, disease-modifying treatment, Duchenne muscular dystrophy, Elevidys, EMBARK trial, external control group, functional improvements, gene therapy, micro-dystrophin, motor function, muscle biopsies, muscle function preservation, muscle pathology, North Star Ambulatory Assessment, NSAA, Phase III study, regulatory approvals, Roche, safety profile, Sarepta Therapeutics, Time to Rise, TTR
(IN BRIEF) Orange and Vodacom have teamed up to establish a pioneering partnership in the Democratic Republic of Congo (DRC) aimed at enhancing mobile connectivity in rural areas. Over the next six years, the companies plan to construct up to … Read the full press release
Posted in Business, Environment, Financial, France, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, Telecom
Tagged 2G, 4G technologies, Democratic Republic of Congo, digital divide, Digital Inclusion, DRC, DRC connectivity, e-citizenship, E-Commerce, e-government, GDP growth, Inclusive Growth, infrastructure sharing, Jerome Hénique, job creation, mobile coverage, Mobile Financial Services, mobile internet penetration, mobile network operators, mobile services, National Digital Plan Horizon 2025, Orange, Orange Digital Center & Clubs, Orange RDC, partnership, regulatory approvals, rural tower partnership, Shameel Joosub, solar-powered base stations, sustainability, telecommunications, underserved areas, Vodacom, young Congolese
(IN BRIEF) Holcim has announced its next steps in preparing for the spin-off of its North American business, including the designation of the new Board of Directors. The 10-member Board will become official following shareholder and regulatory approvals, expected by … Read the full press release
Posted in Business, Construction, Industrial, Management, News, Switzerland, Technology
Tagged 3M Company, ABB, Alstom Group, appointment, BlueLinx Holdings Inc., CH2M HILL, Chairman, construction, Cristina A. Wilbur, Deloitte & Touche LLP, Delta Air Lines, Dwight Gibson, EG&G, F. Hoffmann-La Roche, Farmers Group, financial services, GEA Group AG, Genpact Limited, Gilbane Building Company, Governance, holcim, Holli Ladhani, Inc., independent directors, Industrial Operations, interface, Jan Jenisch, Jürg Oleas, Katja Roth Pellanda, leadership, Manufacturing, McDermott International, Michael E. McKelvy, Nicholas Gangestad, North American market, Novartis AG, Nucor Corporation, PerkinElmer Optoelectronics, Pritzker Private Capital, Quanta Services, regulatory approvals, Robert S. Rivkin, Roche, Rockwater Energy Solutions, Rockwell Automation, Select Energy Services, shareholder approvals, Sonoco Products Company, stakeholders, The Cato Corporation, Theresa Drew, United Airlines, Zurich Insurance, Zurich Italy Bank
(IN BRIEF) Holcim plans to fully separate its North American business through a 100% spin-off, listing it on the New York Stock Exchange and reporting under US GAAP, with an additional listing on the SIX Swiss Exchange for European investors. … Read the full press release
Posted in Business, Construction, Industrial, Management, Switzerland
Tagged 100% spin-off, Annual General Meeting, building solutions, ECOCycle, ECOPact, ECOPlanet, ELEVATE, EUROPEAN INVESTORS, growth opportunities, holcim, INNOVATION, May 14 2025, mid-2025, New York Stock Exchange, North American business, NYSE, regulatory approvals, shareholder approval, SIX Swiss Exchange, sustainability, US GAAP, US market
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