Allianz The Munich insurance group is expanding in Greece. (Photo: dpa) Munich Allianz strengthens its business in Greece with the takeover of the insurer European Reliance. The Munich insurance group pays a total of 207 million euros for European Reliance, which is the largest independent company in the industry in Greece to date. According to … Read more
Allianz According to insiders, however, the purchase is considered unlikely. (Photo: Archyde.com) Munich A few days after taking over the Polish business from British competitor Aviva, Allianz is speculating about a mega takeover. Rumor has it that Europe’s largest insurer is currently exploring a bid for US insurer Hartford at a very early stage. According … Read more
Wind turbine from Siemens Gamesa Above all, the business with onshore systems on land is causing problems. (Photo: dpa) Munich After the profit warning from Siemens Gamesa, the leadership around CEO Andreas Nauen came under a lot of pressure. The renewed bad news from the listed wind power subsidiary would have consequences, the Handelsblatt learned … Read more
Containers in the port In addition to investments in the core business of shipping and in port terminals, shipping companies also increasingly bought freight forwarders. (Photo: dpa) Hamburg The logistics and transport industry is reacting to the consequences of the corona pandemic and the challenges of climate change with numerous takeovers and mergers. According to … Read more
Doris Hsu The head of Globalwafers is sticking to the takeover of Siltronic despite resistance from the Federal Ministry of Economics. (Photo: Globalwafers) Munich, Berlin Globalwafers boss Doris Hsu still considers the takeover of the Munich rival Siltronic to be realistic. “Time is short, but legal approval is still possible,” Hsu told the Handelsblatt over … Read more
Train from Flixtrain in Berlin Deutsche Bahn’s rival wants to invest a billion euros in new trains. (Foto: imago images/Sabine Gudath) Flixmobility is breaking with its basic business model: the company behind Flixbus and Flixtrain has so far only provided the sales and marketing platform, subcontractors bought trains and buses and employed the drivers. With the … Read more
Brian Acton The Whatsapp founder has been involved with Signal for a number of years. (Photo: Archyde.com) San Francisco WhatsApp co-founder Brian Acton takes over the leadership of the competing chat service Signal – at least until a permanent new boss is found. Signal founder Moxie Marlinspike announced on Monday that he would be leaving … Read more
Italy According to a statement from the Italian holding company, Yunex Traffic fits into Atlantia’s new strategy. (Photo: Archyde.com) Munich The Italian infrastructure holding company Atlantia is vying for the Siemens road traffic subsidiary Yunex Traffic. Atlantia, which is controlled by the Benetton family of entrepreneurs, confirmed on Wednesday evening that it had submitted a … Read more