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...Another creditor said they had repeatedly sought clarity on huge money flows from Signa Development to other Signa Group entities, as well as entities controlled by Benko’s private family foundation, but...
...Douglas raised €850mn in the IPO and received an equity injection of €300mn from existing shareholders, private equity group CVC and its founding family Kreke, resulting in a market capitalisation of about...
...Private equity-owned German beauty retailer Douglas has announced plans to list in Frankfurt, raising hopes for a rebound in Europe’s moribund market for initial public offerings....
...Yet CVC, which holds an 86 per cent stake alongside the Kreke family, who remain co-owners, will still need to be patient before it achieves a full exit....
...dropped 8.9 per cent and multi-family homes were down 20.1 per cent....
...For one thing, the company is well-established and had been listed in Frankfurt until 2013. This is a substantial business of real substance, operating in 22 countries and employing 18,000 people....
...Shares in German beauty retailer Douglas fell as much as 9 per cent in their Frankfurt debut last month....
...Additional reporting by Arjun Neil Alim in Frankfurt...
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...Additional reporting by Will Louch in London and Olaf Storbeck in Frankfurt...
...VW, the Porsche-Piëch family and Porsche SE, which holds the family’s VW voting stock, declined to comment....
Statement comes after allegations that forced labour was used at a test track
...Protests in Berlin and Frankfurt also drew thousands of protesters over the weekend....
...A few years later the family returned to Nigeria where Nwokorie grew up....
...The Barclay family is trying to buy back the company and have turned to investors in the Middle East for help to regain control....
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...The German media reports alleged that employees at BASF’s joint venture partner, Xinjiang Markor Chemical Industry, had carried out “home visits” to Uyghur families to gather evidence that would be passed...
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...Mackenzie, who is based in the low-tax offshore centre of Jersey and hosts friends and family on a 52-metre luxury superyacht, Grace, is one of the private equity industry’s best-known dealmakers....
...Klaus Rosenfeld, who took family-controlled Schaeffler public in 2015, said: “International customers are asking us: ‘What is wrong with [Germany]? Why is this happening?’”...
...The founding family still owns 70 per cent of the company....
...But some of CVC’s most prominent dealmakers have in the past been reluctant to follow suit, including Madrid-based Javier de Jaime Guijarro, New York-based Chris Stadler, Frankfurt-based Alex Dibelius and...
...That shareholding is now owned by a trust on behalf of his family....
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