DIRS.INFO The most relevant business & tech news

☆ Strabag maps out next step to decrease Russian investor's stake
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: +1 min

Logo of the construction company Strabag is seen at a construction site in front of the Supreme Court in Warsaw, Poland September 13, 2018. REUTERS/Kacper Pempel/File photo Acquire Licensing RightsSept 11 (Reuters) - Austrian construction group Strabag (STRV.VI) set out details on Monday of a planned capital reduction in its latest step aimed at decreasing the stake held by a company belonging to sanctioned Russian shareholder Oleg Deripaska. The move will decrease MKAO Rasperia Trading Limited's stake in Strabag from a current 27.8% to below 25%, ridding the company of its blocking minority, the Austrian firm said. Free reserves will be distributed to existing shareholders, who have the choice between a share option at a ratio of one new share per four already held or a cash option of 9.05 euros per share. Reporting by Tristan Veyet in Gdansk Editing by Miranda Murray and Rachel MoreOur Standards: The Thomson Reuters Trust Principles.

Persons: Kacper, Oleg Deripaska, Strabag, Vladimir Putin, Tristan Veyet, Miranda Murray, Rachel More Organizations: REUTERS, Thomson Locations: Warsaw, Poland, Strabag, Austrian, Ukraine, Gdansk

This is Blackswan, a K-pop group whose members hail from around the world. Gabi agreed, chiming in: “Everything that a K-pop group has, we have.”Trained the Korean wayThe four members may not be Korean, but their journey to Blackswan followed a well-worn, uniquely Korean path that involved auditioning to become trainees in a hyper-competitive program. Emma McIntyre/Getty ImagesBy contrast, some of the newer Blackswan members have been training for a year or less. “When I was 15, my friend showed me a K-pop music video … and since then, I kind of got stuck on the K-pop genre,” Fatou said. But the Blackswan members say most of the criticisms come from international observers, while Korean fans and artists have been largely supportive.

Persons: South Korea CNN —, Gabi, Fatou, UNIQ, Blackswan, ”, “, ” Fatou, –, Yoon Deung, “ presentable, Yoon, Blackpink, Emma McIntyre, Lee Gyu, aren’t, they’re, Lee, ” Lee, Kevin Winter, I’m, I’ve, Lee Wool Organizations: South Korea CNN, DR, CNN, Korean, DR Management, Coachella, George Mason University Korea, South, Hockey Locations: Seoul, South Korea, Brazil, United States, India, Senegal, Belgium, Waterbomb, Europe, South America, Indio , California, South Korean, Hong Kong, Taiwan, Los Angeles, West Africa, America

☆ Austria's Uniqa and Raiffeisen to sell stake in Raiffeisen Life to Russian insurer
▼ + stars: | 2023-08-24 | by ( ) www.reuters.com time to read: +2 min

[1/2] The logo of the Austrian insurer Uniqa is seen in front of its headquarters in Vienna, Austria, March 10, 2016. REUTERS/Leonhard Foeger/File Photo Acquire Licensing RightsAug 24 (Reuters) - Austria's Uniqa (UNIQ.VI) and Raiffeisen Bank (RBIV.VI) are to sell their stakes in Raiffeisen Life to Russian insurer Renaissance Life, becoming the latest move by Western companies to pare back business in Russia. Uniqa held 75% of Raiffeisen Life and RBI held the remaining 25%. "This means we are withdrawing from Russia," Uniqa's Management Board Member for Customers & Markets International Wolfgang Kindl said in the statement. In the first six months of 2023, Uniqa's technical result in Russia shrank to 5.8 million euros ($6.30 million) from an adjusted 8.5 million euros in the first half of 2022.

Persons: Leonhard Foeger, Uniqa, Wolfgang Kindl, pare, Tristan Veyet, Alexandra Schwarz, Andrey Sychev, David Evans Organizations: Uniqa, REUTERS, Raiffeisen Bank, Customers, Markets, Kremlin, Erste Group, Thomson Locations: Vienna, Austria, Western, pare, Russia, Ukraine, Gdansk

Search resuls for: "UNIQ"

3 mentions found