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Top related persons:
Margrethe Vestager's - 1 Atlas - 1 Europe's - 1 Foo Yun Chee - 1 Bart Meijer - 1 Tomasz Janowski - 1 Opal - 1 Rajdip Gupta - 1
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Thomson - 2 Belgian - 1 EU - 1 BP - 1 BASF - 1 Justice - 1 Belgian Finance Ministry - 1 Route Mobile - 1

Search resuls for: "Proximus"


3 mentions found


☆ EU court says $748 mln Belgian tax scheme is illegal state aid
  + stars: | 2023-09-20 | by ( Foo Yun Chee Bart H. Meijer | Foo Yun Chee | Bart H. Meijer | ) www.reuters.com   time to read: +1 min
BRUSSELS, Sept 20 (Reuters) - European Union's second-top court on Wednesday backed an EU competition regulator's decision against a 700-million-euro ($748 million) Belgian tax scheme for 55 multinationals, in a major win for EU antitrust chief's crackdown on sweetheart tax deals. The Luxembourg-based General Court had in 2019 annulled Margrethe Vestager's decision after Belgium and about 30 of the companies challenged it. Beneficiaries of the Belgian scheme that dated from 2005 included U.S. manufacturer Magnetrol, oil company BP (BP.L), chemical producer BASF (BASFn.DE), Wabco, Cellio, Atlas Copco (ATCOa.ST) and Belgacom, now Proximus (PROX.BR) . The EU Court of Justice, Europe's top court, in 2021 however sided with the EU competition enforcer and referred the case back to the lower tribunal. Belgium can still appeal to the EU Court of Justice.
Persons: Margrethe Vestager's, Atlas, Europe's, Foo Yun Chee, Bart Meijer, Tomasz Janowski Organizations: Belgian, EU, BP, BASF, Justice, Belgian Finance Ministry, Thomson Locations: BRUSSELS, EU, Luxembourg, Belgium, Brussels, Amsterdam
☆ Belgium's Proximus to buy 58% stake in India's Route Mobile for $721 mln
  + stars: | 2023-07-17 | by ( ) www.reuters.com   time to read: +2 min
Proximus Opal, a unit of Belgian telecom service provider Proximus Group, has clients such as Salesforce and Bytedance, while Route Mobile's clients include Amazon and Indian telecom service provider Airtel. However, Clear Bridge Ventures, an affiliate of some Route Mobile promoters, will buy a minority stake of up to 14.5% in Proximus Opal for about 299.6 million euros (nearly $337 million). Proximus Opal will also have to make an offer to buy an additional stake of up to 26% in Route Mobile at the same price from retail shareholders, according to Indian regulations. "The partnership ... paves the way for Route Mobile to achieve a billion-dollar annual revenue run-rate much sooner than the anticipated 3-4 year time frame," said Rajdip Gupta, Route Mobile's CEO, who will also lead the combined company. ($1 = 82.1570 Indian rupees) ($1 = 0.8910 euros)Reporting by Rama Venkat and Sethuraman NR in Bengaluru; Editing by Dhanya Ann Thoppil and Janane VenkatramanOur Standards: The Thomson Reuters Trust Principles.
Persons: Opal, Rajdip Gupta, Morgan Stanley, Rama Venkat, Sethuraman, Dhanya Ann Thoppil Organizations: Route Mobile, Proximus, Airtel, Mobile, Route, Clear, Ventures, Thomson Locations: BENGALURU, Belgian, India, Bengaluru
☆ Goldman Sachs names 4 inflation-busting high-dividend stocks for next year
  + stars: | 2022-12-21 | by ( Ganesh Rao | ) www.cnbc.com   time to read: +2 min
Given some analysts' expectations of steep declines in share prices next year, Goldman Sachs has put together a basket of high-dividend stocks that could help investors hide from any potential carnage. Goldman Sachs analysts said that only companies making "sustainable" dividend payouts are included in their list. Goldman expects Madrid-headquartered Banco Bilbao Vizcaya Argentaria to increase its dividends to 8.2% next year from its current 6.48%. The median analyst price target on the stock also gives it 30% upside from current levels, according to FactSet. Along with a big dividend, the median analyst price target gives the stock 22% upside from current levels, Factset data shows.
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