Hints and tips:
Related Special Reports
...The group comprises more than 1,000 corporate entities. Signa Development alone sits on top of more than 250 of them....
...The outflows are in addition to the €300mn of unexplained lending by SDS to entities controlled by Benko’s family foundation previously reported by the FT....
...According to figures in the regulatory memo, A-Cap investments in 777-related entities were $1.8bn over the threshold at the end of 2023....
...“The legal entity that is subject to the Wirecard lawsuits is stripped of significant assets, which otherwise could have been used to cover damage claims,” said Joachim Lehnhardt, a partner at Quinn Emanuel...
...Fines for failing to register could be up to £2,500 a day on top of a penalty of between £10,000 and £50,000 per property....
...In total Signa is made up of more than 1,000 different corporate entities, many of which now find themselves pitted against each other in the race to recover assets on behalf of separate creditor and shareholder...
...Canary Wharf still has to tackle a November maturity on £564mn in loans tied to 1-5 Bank Street, an office tower home to SocGen and EBRD....
...GE completed its long-awaited plan to break into three, with shares in each of the entities closing lower as the once-mighty US conglomerate drew the curtain on more than a century of corporate history....
...Concerns over the breakaway region, which is host to a large ammunition depot and about 1,600 Russian troops, have ticked up this week....
...a portrait of a woman falling down a staircase sold for $1.62mn — more than eight times its high estimate — at Sotheby’s....
...And I think it’s fair to ask the questions when you have such a significant stake, are you truly passive? How are you communicating with the entities?...
...The Bank of Japan decided on Tuesday to allow yields on the 10-year Japanese government bond to rise above 1 per cent, revising its yield curve controls for the second time in three months....
...In case of breaches of EU anti-money laundering rules, it will be able to impose fines of up to 10 per cent of the supervised entity’s annual turnover in the previous year....
...US authorities have sanctioned 10 operatives, members and facilitators linked to Hamas in an effort to crack down on sources of funding supporting the Palestinian militant group amid the escalating conflict...
...But high leverage, complex cross-shareholdings between a network of more than 1,000 corporate entities and the regular shifting of cash balances around the group mean more than 70 per cent of Signa’s debt...
...“Imagine if someone took your family members and then told you to get them back you had to give them XYZ; and you are being advised to just give them XYZ anyway without any promise of your family members...
...Entities controlled by Reliance, the Indian conglomerate run by billionaire Mukesh Ambani, will invest $1.4bn and take a 63 per cent stake in the new company, while Disney will hold 37 per cent....
...The news sent Embracer’s stock up 10 per cent on Monday to SKr27.87, valuing the company at about SKr37bn ($3.4bn)....
...Group losses widened to £10.6mn during the 12 months to March 2023 compared with a £10.2mn loss in 2022, although revenues have jumped by more than a fifth to £142.6mn in the latest financial year....
...“about once every 10 years”....
...Government officials suggested they will look to reduce the threshold for material influence over an entity to below 10 per cent, although they highlighted that live discussions were ongoing....
.... 1) IMF policies....
...The claims lodged include €713mn from the UAE’s Mubadala and €279mn from Qatar’s AM1, and €1.6bn that other Signa group entities said was transferred to the central holding company in the run-up to its collapse...
...Brevan, which manages about $35bn in assets, is shedding just under 10 per cent of its 1,100-person workforce, according to a person with direct knowledge of the matter....
...UBS analysts expect the so-called Big 6 to report EPS growth of 42.1 per cent for the first three months of this year....
International Edition