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...SDS holds Signa’s portfolio of development assets: construction projects the company hoped to sell soon after completion. The company was the most cash-generative part of the Signa group....
...The proposed revamp to its cash cow search engine would mark the first time the company has put any of its core product behind a paywall, and shows it is still grappling with a technology that threatens...
...The businessman is the youngest son of the late Onsi Sawiris, who founded a construction company in the 1950s and built it over decades into a large multinational corporation now called Orascom Construction...
...Benko “had the reins in his hands”, said Signa Development’s biggest external investor, the Austrian construction tycoon Hans Peter Haselsteiner, in an interview last month....
...Syre will need “a couple of billion dollars” to finance the planned construction of 12 factories in North America, southern Europe and Asia, according to Nobelius....
...Five years after offering the projects to Wen, with a handful of completed houses and another few halfway done, Edmonstone is the only development with any sign of construction....
...Shah’s lawyers, led by Nigel Jones KC, said in written arguments that the “complexity of the trade does not prove dishonesty”....
...Signa Prime and Signa Development own the majority of the Signa Group’s properties: a portfolio of inner-city construction projects and luxury addresses — from designer shopping precincts to 5-star hotels...
...Max Jones, director of infrastructure and construction at Lloyds Bank, said: “The mood music surrounding the sector has become more upbeat in recent weeks, with healthy infrastructure pipelines a common...
...Work on the Elbtower halted more than three months ago when Signa abruptly stopped making wage payments to the tower’s construction company....
...richard.waters@ft.com...
...In the letter to shareholders, Grossnigg noted that new money was particularly needed to try to complete some projects, which in total could be worth billions less than anticipated if they are sold as construction...
...Another South Korean-owned company, Hanwha Qcells, will spend $2.3bn on a solar panel manufacturing factory....
...Richard Campbell-Breeden, another director, is expected to be named vice-chair of the board and support chair Romeo Lacher....
...These concerns were underlined after the IG BAU union on Thursday announced a demand for a €500 per month wage increase for 930,000 German construction workers, which it said would lift pay for the lowest...
...The company’s push into the Middle East is intended to make it less sensitive to the construction cycle, and it is looking at other industries, too, such as yachting....
...In a statement on Tuesday, RBI said its Russian subsidiary would make the cash payment to Deripaska in exchange for his 28 per cent shareholding in Austria’s Strabag, one of the largest construction companies...
...BrickLink is part of a large ecosystem that's sprung up around Lego where people resell Lego, where people even make new types of pieces that can combine with Lego pieces to make different kinds of constructions...
...Separately, a man in his 60s working for construction company NCC died after an accident involving a crane used to extend Northvolt’s battery factory in Skellefteå, just below the Arctic Circle in Sweden...
...Executives have warned that the construction of future gigafactories will demand their own multibillion financing packages too....
Yves Bouvier and Dmitry Rybolovlev dispute highlighted role of freeports in Europe
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