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☆ Forget rust spots — handprints are the bigger headache for Tesla Cybertruck drivers
▼ + stars: | 2024-03-10 | by ( Erin Snodgrass | Grace Kay | ) www.businessinsider.com time to read: +9 min

Some Tesla Cybertruck owners noticed their new stainless steel vehicles have small rust specks. A few months after deliveries began, some members of a Cybertruck-owners forum started complaining about rust spots on the vehicle. After all, the Cybertruck is the first stainless steel vehicle to be produced since DMC made the stainless steel DeLorean and later halted production in 1982. The extra upkeep isn't entirely unexpected for experienced Tesla owners, many of whom have taken on the role of early adopters. If Tesla hits Musk's ambitious production targets for the Cybertruck, Tesla is likely to face less forgiving buyers, automotive analyst Ivan Drury told BI.

Persons: Tesla, —, You've, Donald Green, Wes Morrill, Elon Musk, Dennis Wang, didn't, Wang, Cybertruck, Morrill, Jay Larson, Larson, Win Cramer, we're, Cramer, Ivan Drury, Green Organizations: Service, Business, Facebook, DMC, DeLorean, YouTube, BI Locations: League City , Texas, Arizona, California

REUTERS/Athit Perawongmetha/File Photo Acquire Licensing RightsHANOI/SINGAPORE, Aug 22 (Reuters) - Thailand's second-biggest lender Kasikornbank (KBANK.BK) is in talks to buy consumer finance provider Home Credit Vietnam in a deal of up to $1 billion that would further its push to expand in Vietnam, two sources said. The Bangkok-based lender, also called KBank, hopes to become one of Vietnam's top 20 banks in terms of assets by 2027. It has total assets worth $119.7 billion, second only to Bangkok Bank (BBL.BK) in Thailand, Refinitiv data showed. KBank and Home Credit Group did not respond to Reuters' requests for comments. Home Credit Group is controlled by the Czech Republic's biggest investment group, PPF, which was founded by late billionaire Petr Kellner.

Persons: Athit, KBank, Petr Kellner, Phuong Nguyen, Kane Wu Organizations: Kasikorn, REUTERS, Rights, Home Credit Vietnam, Bangkok Bank, Stock Commercial Bank, Sumitomo Mitsui, Home, Home Credit, Home Credit Group, Thomson Locations: Bangkok, Thailand, Rights HANOI, SINGAPORE, Vietnam, Vietnam Prosperity, Asia, Netherlands, Czech, Hanoi, Singapore

☆ CEO of UAE's e& explains its deal with PPF Telecom
▼ + stars: | 2023-08-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCEO of UAE's e& explains its deal with PPF TelecomHatem Dowidar, e& Group CEO, says "we needed to expand beyond the Middle East, Africa region."

Persons: Telecom Hatem Dowidar Organizations: UAE's, Telecom, Group Locations: East, Africa

☆ Czech group PPF takes 9.1% stake in Germany's ProSiebensat.1
▼ + stars: | 2023-02-21 | by ( ) www.reuters.com time to read: +1 min

PRAGUE/BERLIN, Feb 21 (Reuters) - Czech investment group PPF has taken a 9.1% stake in ProSiebensat.1 (PSMGn.DE), PPF said on Tuesday, becoming the German broadcaster's second-largest investor behind Italy's MFE-MediaforEurope (MFEB.MI). "PPF believes the digital transformation of ProSieben will create value for all shareholders," privately-owned PPF said in a statement. "PPF is looking forward to liaising with the management and supervisory board of ProSieben in this digitalization process." The group, which also owns the CME group that operates dozens of channels in six central and east European markets, is now controlled by Kellner's widow, Renata Kellnerova. Reporting by Jan Lopatka, Klaus Lauer and Christoph Steitz Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.

☆ Japan's Mitsubishi UFJ to buy two Asia units of Home Credit for $620 mln
▼ + stars: | 2022-11-24 | by ( Makiko Yamazaki | Hadeel Al Sayegh | ) www.reuters.com time to read: +2 min

TOKYO, Nov 24 (Reuters) - Japan's Mitsubishi UFJ Financial Group Inc (8306.T) said on Thursday it would buy the Philippines and Indonesian units of Dutch consumer finance company Home Credit BV (HC) for about 596 million euros ($621 million). The acquisitions will be made through main Mitsubishi UFJ banking arm MUFG Bank, Thai unit Bank of Ayudhya PCL (BAY) (BAY.BK), and Indonesian unit Adira Dinamika Multi Finance (ADMF), with the deal to be completed within 2023, the company said. PPF, which had been looking at selling or taking on partners in some markets for the HC business, said in a statement it was the right time to pass the baton. A Mitsubishi UFJ executive said in a briefing that the lender would explore further acquisition opportunities in Southeast Asia. MUFG Bank will hold 25% of HC Philippines, and ADMF will hold 10% of HC Indonesia shares.

☆ Japan's Mitsubishi UFJ to buy two Asia units of Home Credit for $596 mln
▼ + stars: | 2022-11-24 | by ( Makiko Yamazaki | ) www.reuters.com time to read: +2 min

TOKYO, Nov 24 (Reuters) - Japan's Mitsubishi UFJ Financial Group Inc (8306.T) said on Thursday it would buy the Philippines and Indonesian units of Dutch consumer finance company Home Credit Group BV for about 596 million euros ($621 million). The acquisitions will be made through Japanese unit MUFG Bank, Thai unit Bank of Ayudhya PCL (BAY) (BAY.BK), and Indonesian unit Adira Dinamika Multi Finance (ADMF), with the deal to be completed within 2023, the company said. Home Credit (HC) is controlled by the Czech Republic's biggest investment group, PPF, which was founded by late billionaire Petr Kellner. read moreAfter the completion of the deal, Bank of Ayudhya will hold 75% of the shares of HC Philippines and 75% of the shares of HC Indonesia. MUFG Bank will hold 25% of HC Philippines, and ADMF will hold 10% of HC Indonesia shares.

☆ Factbox: Companies sell their businesses in Russia
▼ + stars: | 2022-10-10 | by ( ) www.reuters.com time to read: +9 min

The logo of French tyre maker Michelin is seen at a company building in Boulogne-Billancourt, near Paris, France, August 6, 2022. REUTERS/Sarah Meyssonnier/File PhotoOct 10 (Reuters) - Some Western companies have agreed to sell their Russian assets or hand them over to local managers as they seek to comply with sanctions over the Ukraine conflict and deal with threats from the Kremlin that foreign-owned assets may be seized. Below is a list of firms by sector that have sold their businesses in Russia:AUTOS** British car distributor Inchcape (INCH.L) sold its Russian business to local managementRegister now for FREE unlimited access to Reuters.com Register** Italian truck and bus maker Iveco (IVG.MI) transferred its 33% stake in its AMT truck assembly joint venture in Russia to a local partner** French tyre maker Michelin (MICP.PA) intends to transfer its activities in Russia to a new entity under local management by end-2022** French carmaker Renault (RENA.PA) sold its majority stake in Avtovaz (AVAZI_p.MM) to a Russian science institute, and transferred all shares in Renault Russia to the city of Moscow** MAN Truck & Bus and Scania, units of German truck maker Traton (8TRA.DE), expect to sell their sales companies in Russia to local partners along with Scania's Russian financing business by Q1 2023BANKS** Britain's HSBC (HSBA.L) agreed to sell its Russian business to Expobank, subject to regulatory approvals in Russia** Czech investment group PPF sold its Russian banking assets, including consumer lender HCFB and its subsidiaries, to investors led by Ivan Tyryshkin** France's Societe Generale (SOGN.PA) sold its Russian business Rosbank (ROSB.MM) to Interros Capital, a firm linked to Russian oligarch Vladimir PotaninCONSUMER ELECTRONICS** Swedish home appliance maker Electrolux (ELUXb.ST) transferred its business in Russia to local management** Its Electrolux Professional (EPROb.ST) branch also sold its Russian business to local management** Whirlpool (WHR.N) sold its Russian operations to Turkey's Arcelik (ARCLK.IS)ELECTRICAL COMPONENTS & EQUIPMENT** Finland's Boreo (BOREO.HE) sold its 90% stake in YE Russia to companies controlled by its current director Yrjö Pönni** U.S. industrial firm Emerson Electric (EMR.N) agreed to sell its Russia business to the local management** Finnish elevator maker Kone (KNEBV.HE) expects to close the sale of its Russian business to local management in Q4 2022** France's Schneider Electric (SCHN.PA) expects to close the sale its Russian unit to local management by end-2022** U.S. elevator maker Otis (OTIS.N) sold its Russia business to local investment firm Ice DevelopmentENERGY** French industrial gases producer Air Liquide (AIRP.PA) agreed to shift its Russian assets to local management, subject to regulatory approvals in Russia** Baker Hughes (BKR.O) agreed to sell its oilfield services business in Russia to local management, with closing expected in H2 2022** Italian utility Enel (ENEI.MI) sold its 56.43% stake in Enel Russia to Lukoil (LKOH.MM) and private fund Gazprombank-Frezia** Norway's Equinor (EQNR.OL) transferred assets of its Russian oil and gas joint ventures to state-owned partner Rosneft (ROSN.MM), and its 30% stake in the Arctic Kharyaga oilfield to state-controlled Russian operator Zarubezhneft** U.S. oilfield services firm Halliburton (HAL.N) sold its Russia operations to a management team made up of former employees** Oil major Shell (SHEL.L) sold its Russian retail and lubricants business to Lukoil** Singapore-based commodities trader Trafigura sold its 10% stake in Vostok Oil project in Siberia to Hong Kong-registered trading firm Nord Axis** Total Energies (TTEF.PA) sold its remaining 20% interest in the Kharyaga oil project to Zarubezhneft, and its 49% stake in Terneftegaz to joint venture partner NovatekFOOD & BEVERAGES** Finland's Atria (ATRAV.HE) sold its fast food business in Russia, Sibylla Rus, to Russian meat producer Cherkizovo (GCHE.MM)** Finland's Fazer sold its Russian unit to Moscow's Kolomenskij Bakery and Confectionery Holding** Irish ingredients giant Kerry Group (KYGa.I) sold its Russian subsidiary to local management and agreed to offload its Belarusian unit to a local operator** Fast food chain McDonald's (MCD.N) sold its Russian business to its licensee Alexander Govor** Finnish food and drinks company Paulig sold its operations in Russia to private Indian investor Vikas Soi** Yum Brands (YUM.N) sold its Pizza Hut business in Russia to a local operator** Finnish food processing firm Raisio (RAIVV.HE) sold its consumer business in Russia to Copacker Agro** Finnish dairy producer Valio sold its Russian business to GK VelkomINDUSTRIAL MACHINERY** Polish measuring devices maker Apator's (APTP.WA) Powogaz unit divested its entire stake in Russia-based AO Teplovodomer** Danish industrial firm Danfoss agreed to sell its Russian and Belarusian business to local management, subject to approval by shareholders and regulatory approvals in Russi

☆ Germany's Leag eyes 1,000 MW solar park in renewables expansion
▼ + stars: | 2022-09-29 | by ( ) www.reuters.com time to read: +2 min

Companies U-Leag Co Ltd FollowFRANKFURT, Sept 29 (Reuters) - German brown coal miner and power generator Leag unveiled plans on Thursday to build a 1,000 megawatt (MW) solar park that could open in early 2026, as it looks to expand in renewable energy. Register now for FREE unlimited access to Reuters.com Register"Lusatia will become a magnet for consumer industries of green power." All going well, a doubling of green capacity to 14 GW by 2040 is conceivable, the company said. The 1,000 MW plant could supply power for around 300,000 households. Germany still aims to end coal power generation by 2038.

☆ Multimiliardarul ceh Petr Kellner a murit într-un accident de elicopter
▼ + stars: | 2021-03-29 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

Cinci persoane au murit, iar alta a fost rănită după ce un elicopter s-a prăbuşit în zona unui gheţar din statul american Alaska, afirmă surse citate de postul ABC News. Accidentul aerian a avut loc în zona Gheţarului Knik, situat la 80 de kilometri est de oraşul Anchorage. Nu este clar dacă elicopterul s-a prăbuşit pe gheţar sau în apropierea acestuia. Persoana rănită este în stare gravă şi a fost transportată urgent la spital. Kellner a fost unul din cel mai importanţi exponenţi ai mediului de afaceri din Cehia postcomunistă.

Organizations: ABC News, Kellner, Forbes Locations: american Alaska, Anchorage, României, Cehia, Republica Cehă, Europa, Asia, SUA

☆ При крушении вертолета на Аляске погиб самый богатый житель Чехии
▼ + stars: | 2021-03-29 | by ( Mld Media Srl | ) noi.md time to read: +1 min

Чешский миллиардер Петр Келлнер — самый богатый человек в Чехии и один из богатейших в Европе — погиб в авиакатастрофе на Аляске. Владелец международной финансово-инвестиционной группы PPF, чешский мультимиллиардер Петр Келлнер (56) оказался среди погибших при крушении вертолета Eurocopter AS50 неподалеку от города Бьютт в штате Аляска, передает ТАСС. Гибель самого богатого гражданина Чехии подтвердила в понедельник пресс-секретарь PPF Йитка Ткадлецова: «Господин Келлнер погиб в катастрофе вертолета на Аляске. Петр Келлнер занимал 68 место в рейтинге миллиардеров Forbes в 2020 году, а в течение 15 последних лет Forbes неоднократно включал Петра Келлнера в список самых богатых людей планеты. Потом он основал инвестиционный фонд PPF и использовал его для покупки контрольного пакета акций крупнейшего чешского страховщика во время его приватизации.

Persons: —, Петр Келлнер, Йитка Ткадлецова, Келлнер Organizations: Eurocopter AS50, Forbes, PPF, ТАСС, Национальный совет по безопасности на транспорте Locations: Чехия, Европа, Аляска, Бьютт, Кник, США

☆ Proprietarul Pro TV, Petr Kellner, a murit într-un accident aviatic din Alaska
▼ + stars: | 2021-03-29 | by ( Onixmedia Srl | ) diez.md time to read: +1 min

Proprietarul Pro TV, Petr Kellner, a murit în accidentul aviatic din Alaska. Proprietarul Pro TV, Petr Kellner, a murit în accidentul aviatic din Alaska, scrie The New York Times. Accidentul aerian a avut loc în zona Gheţarului Knik, situat la 80 de kilometri est de orașul Anchorage. Echipele de intervenţie au localizat duminică după-amiază resturile elicopterului şi au găsit cinci persoane decedate şi un rănit. Amintim că, în 2019 grupul american AT&T a vândut compania Central European Media Enterprises Ltd. (CME), din care face parte și postul de televiziune Pro TV din Moldova, fondului de investiţii ceh PPF, într-o tranzacţie de 2,1 miliarde dolari.

Persons: Petr Kellner Organizations: New York Times, Central European Media Enterprises Ltd, CME Locations: Alaska, Cehia, Anchorage, Moldova

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