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...Vivendi’s Canal+ must make a mandatory offer to buy MultiChoice, Africa’s biggest pay TV group, after its stake in the company rose above 35 per cent, South Africa’s takeover panel has ruled.MultiChoice...
...Vivendi’s Canal+ has offered to buy South Africa’s MultiChoice, valuing Africa’s biggest pay TV company at $2.5bn....
...are rushing back to use the strategically vital Suez Canal....
...“Canal+ is respectful and observant of all laws and regulations relating to the South African media sector and companies listed on the Johannesburg Stock Exchange,” the company said....
...Some companies have already diversified their supply routes following the pandemic. This shock underscores the need for options. But the Suez and Panama Canal routes have few viable alternatives....
...US and UK air strikes have reduced the risk to vessels from attacks by Yemen’s Houthis in the Red Sea but there is little prospect of many shipping companies making a swift return to the Suez Canal, security...
...Shipping lines have increasingly been deserting Red Sea and Suez Canal routes since late November....
...“This will bring with it the likelihood that container services will begin to see delays which they’ve been able to previously avoid,” freight forwarder and logistics company Flexport wrote in a newsletter...
...However, it remains unlikely that shipping companies will return to the Suez Canal, security experts say. 4....
...Multinational companies live or die on their ability to assess risk. They had a test run of the Suez Canal being blocked when the Ever Given container ship got stuck there for a week in 2021....
...Shipowners and importers have warned that a drought in the Panama Canal and a spate of attacks on cargo vessels 11,500km away near the Suez Canal risk constraining traffic ahead of the festive season....
...This is a great FT profile of the company’s head, Wang Chuanfu....
...Companies trading commodities such as iron ore and grain have threatened legal action and sought to alter contract terms to pressure shipowners to use the Suez Canal route, which is more dangerous, but also...
...These beverages were early products of empire and the trade routes established by the British East India Company and other merchant adventurers....
...Rodolphe Saadé, owner and chair of the Marseille-based company, said ships that could be accompanied by a French warship were still being sent through the canal, while the rest were being rerouted around...
...Furthermore, a worsening supply chain may be bullish goods demand as companies over-order to ensure adequate inventories. In other words, supply-chain disruptions are BACK IN for 2024....
...Mads Drejer, chief operating officer of Denmark-based logistics company Scan Global Logistics, said his company was “increasingly seeing” higher air freight demand....
...Companies are also facing increased shipping costs as a result of the Houthi attacks....
...So companies want to have more flexibility for more ships and won’t be able to. I mean, one alternative route from Asia to the US is the Suez Canal, but that adds a week to journey time....
...The final gain for shareholders depends on the discount that would apply to the investment holding company....
...Some ships are still travelling through the Suez Canal. Beijing has been neutral on the Houthi attacks but the disruption has raised freight rates, impacting Chinese companies, according to analysts....
...Ship-tracking websites show the Zhong Gu Shan Dong came from the Mediterranean through the Suez Canal in late December, after many other lines had abandoned the area....
...Many shipping companies have since December diverted sailings away from the Red Sea and Suez Canal to routes to avoid attacks by Yemen’s Houthi rebels....
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