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...The television empire founded by Silvio Berlusconi has stressed the need for consolidation in European media to compete against US giants, as it wages a boardroom battle at the German broadcaster ProSiebenSat...
...Last month Bird set out a plan to axe 500 jobs — about 10 per cent of the company’s 5,000-strong workforce — as part of a £150mn cost-saving programme....
...GTS said the terminal did not receive any oil from Troost’s Paramount or any related entity while his other company was a GTS shareholder, adding that there was no link between the investment and the increase...
...Papperger last month sold shares worth almost €5mn — just over 6 per cent of his total holdings in the company....
...The moves by Apollo and competitors including KKR and Brookfield have spurred a wave of consolidation and partnerships....
...The case has been closely followed by the industry as a test case for further consolidation in the bloc....
...Daniel Richards, a director at London-based maritime consultancy MSI, said delays at the ports could force some companies to hold extra stock....
...Traders in China reported they were unable to access Wind, one the country’s most popular financial terminals, after the company told clients its system was suffering from a “technical issue”....
...Like them, the new sports streaming companies hope that there is safety in numbers....
...NuStar, headquartered in San Antonio, operates 9,500 miles of pipelines and more than 60 terminal and storage facilities for crude and refined products....
...The transaction is also the latest in a series of takeovers in the UK motor retail sector where consolidation has meant only Vertu and Caffyns remain....
...The industry is expecting widespread consolidation but this has not taken place yet....
...Operations have been suspended at a major gas terminal outside St Petersburg after a large fire broke out, which the Russian operator said had been caused by “external action”....
...True, the fragmented European bank sector could use some consolidation. But that has long been the case....
...BLG Logistics, the company that operates the car-handling terminal at the German port of Bremerhaven, Europe’s second-busiest port for vehicles, said it had experienced longer dwell times at its facilities...
...But a clear plan to address the problem of an industry in terminal decline has not been laid out....
...BlackRock’s deal for GIP is early evidence of a wave of consolidation among asset managers. “This is just the beginning of the consolidation rocket ship,” one senior Wall Street executive told DD....
...There is little room for consolidation or growth through acquisitions. Excess cash has to go somewhere, other than back to shareholders or paying down debts....
...The company previously bid for Smurfit Kappa in 2018 before dropping its pursuit after two offers were rejected....
...European parliament lawmakers have also demanded action against the company, and condemned a 2022 decision to purchase Nuctech scanners by Strasbourg airport — the terminal many of them use to get to their...
...A company that creates more value than it is distributing is building terminal value, while a company that distributes more than the value it creates is depleting it....
...analyst of ports and terminals....
...According to the congressional letter, the company accounts for 80 per cent of cranes at US container terminals....
...That means consolidation is coming, with opportunities for distressed investors....
...The end result should be more consolidation. But in a people business, this is no easy task. Look at the 2017 coupling that created Abrdn or Liontrust’s kiboshed acquisition of Swiss rival GAM....
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