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Tag: mln
Volkswagen says 11 mln cars hit by scandal
2015-09-23 10:55:22| Automakers - Topix.net
Volkswagen AG said a scandal over falsified U.S. vehicle emission tests could affect 11 million of its cars around the globe as investigations of its diesel models multiplied, heaping fresh pressure on CEO Martin Winterkorn. The world's largest automaker said it would set aside 6.5 billion euros in its third-quarter accounts to help cover the costs of the biggest scandal in its 78-year-history, blowing a hole in analysts' profit forecasts.
Tags: hit
cars
volkswagen
scandal
Clarin buys 49% stake in Nextel Argentina for USD 178 mln
2015-09-15 08:54:00| Telecompaper Headlines
(Telecompaper) Argentinian media conglomerate Clarin has reached a deal with NII Holdings to acquire a 49 percent stake in Nextel Argentina, with an option to acquire the remaining 51 percent pending regulatory approvals. Clarin said the total amount paid for the stake in Argentina's fourth largest mobile operator was USD 178 million, of which USD 159 million was paid up front, with the remaining amount due within 30 days. NII said the net proceeds received from the transaction will be used to provide additional liquidity to support its operations in Brazil.
Tags: argentina
usd
buys
stake
Tele Columbus to acquire Pepcom for EUR 608 mln
2015-09-14 09:56:00| Telecompaper Headlines
(Telecompaper) Tele Columbus has agreed to acquire Pepcom, the fourth largest German cable network operator, from Star Capital. The purchase price amounts to EUR 608 million on a cash- and debt-free basis. The closing of the acquisition is subject to shareholder approval of a proposed capital increase of EUR 240 million. An extraordinary shareholders meeting is scheduled for 14 September. Following the takeover of Primacom in July and the Pepcom, Tele Columbus will serve in total 3.7 million customers.
Tags: eur
columbus
acquire
tele
Alcatel-Lucent cuts outgoing CEO's payout to EUR 8 mln
2015-09-11 14:25:00| Telecompaper Headlines
(Telecompaper) Alcatel-Lucent has adjusted the remuneration package of its outgoing CEO, Michel Combes, to comply with the recommendations of the French National Committee for Corporate Governance (HCGE). The variable pluriannual remuneration will be capped at EUR 4.85 million, adjusted downward for 2015 depending on performance targets. It will also be paid in cash, rather than shares, calculated on the 20-day average until his last day of service on 31 August. The board reduced the payout for Combes' non-compete clause to EUR 3.1 million. The total remunation was cut to around EUR 8 million from EUR 13.7 million, after an outcry over the CEO's level pay when he only held the post for 2 years.
KKR leads $42 mln investment in Israeli big data firm Optimal+
2015-09-11 09:18:09| Semiconductors - Topix.net
KKR is leading a $42 million investment in Israel's Optimal+, a big data analytics company that provides insights to the semiconductor industry. KKR said on Thursday it is investing alongside existing lead investors Carmel Ventures and Pitango, both Israeli venture capital funds.
Tags: data
big
firm
investment
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