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Börse Express – dpa-AFX overview: COMPANIES from 06/17/2022

Circles: BNP Paribas interested in Dutch ABN Amro

LONDON – The major French bank BNP Paribas has, according to insiders, an eye on the Dutch competitor ABN Amro thrown. The French recently wanted to talk to the Dutch government about a possible takeover of the bank, which has been nationalized since the financial crisis, wrote the Bloomberg news agency on Friday, citing people familiar with the matter. However, the government is currently not interested in a complete sale. Instead, she might consider selling shares in the market to make money while retaining some control over the financial institution. In addition, other banks have already expressed an interest in ABN Amro. Whether there will be official offers has not yet been decided. Neither BNP Paribas nor ABN Amro wanted to comment to Bloomberg.

ROUNDUP 2: Musk wants to make Twitter more entertaining – goal: one billion users

SAN FRANCISCO – Twitter should be turned inside out in the event of a takeover by Elon Musk and reach far more users. In a video conference with employees of the online service, the tech billionaire said Twitter needs to offer more functionality and be more entertaining – citing the Chinese apps WeChat and Tiktok as role models. So the US short message service could come to a billion users. The Twitter workforce was also prepared for possible job cuts. Musk, who only has experience with online networks as a user, also wants to put his stamp on Twitter personally. He assumes that employees will listen to his suggestions for functions, said Musk, who is also the head of electric car manufacturer Tesla likes to go into detail.

IPO: Thyssenkrupp puts IPO of hydrogen subsidiary on hold

ESSEN – The industrial group Thyssenkrupp puts the IPO of its hydrogen subsidiary Nucera on hold. In view of the current market environment, the company has decided not to go public at this time, Thyssenkrupp announced on Friday in Essen. However, an IPO remains the preferred option in order to benefit from the growth prospects of the business for plants for the production of “green hydrogen”. As before, the decision to go public depends on the situation on the capital market.

Volkswagen Group continues with significant sales dampener

WOLFSBURG – The Volkswagen Group is still at a low in sales due to problems with the chip supply and corona restrictions. In May, deliveries worldwide fell by 23.5 percent to 658,300 vehicles compared to the same month last year, as the company announced on Friday in Wolfsburg. In the first five months, the group handed over 3.07 million vehicles to customers, which is a good quarter less than a year ago.

ROUNDP: Spanish bank Santander appoints Mexico driver Grisi as new boss

MADRID – Change of personnel at Bank Santander : Hector Blas Grisi Checa to take over the management of the Spanish bank. On January 1, 2023, the acting head of Santander Mexico and the North American business should replace long-time CEO Jose Antonio Alvarez, Santander announced on Friday in Madrid. The head of the board of directors, Ana Botin, is getting a right hand from within her own ranks. The Santander share was up around half a percent in the morning.

IPO/circles: Syngenta is apparently sticking to its plan for a China IPO before the end of the year

SHANGHAI/ZURICH – Despite the currently difficult stock market environment, the chemical group Syngenta is apparently sticking to its plan to go public in China before the end of this year. The Bloomberg news agency reported on Friday, citing people familiar with the transaction. The agrochemical group based in Basel was taken over five years ago by the Chinese group ChemChina.

Aareal boss: The new owners are not interested in short-term success

FRANKFURT – Aareal Bank CEO Jochen Klösges sees the forthcoming majority takeover of his institute as an opportunity for a more targeted growth strategy. “With the backing of our future majority shareholder, we can further develop our business models in all segments and grow in a risk-oriented manner,” Klösges told the “Handelsblatt” (Friday). In the current uncertain times, “a stable ownership structure with investors who want to support us in the long term is a clear advantage”. Advent and Centerbridge are not about short-term success.

Additional Reports

-Porsche settles settlement with US plaintiffs over consumption figures

-High coal prices: Glencore with profit jump in trading business

-IG Metall boss: VW involvement in China must not be a ‘fig leaf’

-No progress on common EU deposit insurance

-Federal government wants to secure liquidity of energy companies

-Habeck: Measures to save energy ‘if necessary also by law’

-Federal government guarantees further production in refinery Schwedt

-Internet speed limit can now be claimed

-Netzagentur: Gas supply situation in Germany ‘tense’

-Social Association VdK: People must not have to freeze in winter

-ROUNDUP/Geywitz: ‘Legal freezing’ nonsensical

– Hearing on Iranian bank’s lawsuit against Telekom canceled

-London Gatwick Airport has limited capacity for summer months

-Technology operator warns of VHF off – ‘DAB + only bridge technology’

-Bund examines possible liquid gas terminal in front of Lubmin

-Thailand relaxes entry rules significantly – mask requirement ends

-ROUNDUP: DLRG cannot occupy all watchtowers

-After salmonella cases: Ferrero allowed to reopen Belgian factory°

Customer note:

ROUNDUP: You read a summary in the company overview. There are several reports on the dpa-AFX news service on this subject.

/jha

AXC0170 2022-06-17/15:20

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