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Search resuls for: "Christoph Steitz"


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☆ EXCLUSIVE German utilities close to long-term LNG deals with Qatar, sources say
  + stars: | 2022-09-19 | by ( Marwa Rashad Christoph Steitz | Marwa Rashad | Christoph Steitz | ) www.reuters.com   time to read: +4 min
The logo of German energy utility company Uniper SE is pictured in the company's headquarters in Duesseldorf, Germany, March 10, 2020. REUTERS/Thilo SchmuelgenLONDON/FRANKFURT, Sept 19 (Reuters) - German utilities RWE (RWEG.DE) and Uniper (UN01.DE) are close to striking long-term deals to buy liquefied natural gas (LNG) from Qatar's North Field Expansion project to help replace Russian gas, three sources familiar with the matter said. Qatar Energy did not immediately respond to a request for comment. Uniper told Reuters on Monday that it remained in talks with Qatar but had not reached a deal. read moreGULF TRIPAt the moment, the two utilities buy LNG from Qatar on the spot market.
☆ Factbox: The structure of the planned Porsche IPO
  + stars: | 2022-09-19 | by ( ) www.reuters.com   time to read: +3 min
- Shares in Porsche AG are expected to start trading on Frankfurt's stock exchange on Sept. 29. - Volkswagen's proceeds from the sale of ordinary and preferred shares will be between 18.1 billion and 19.5 billion euros. - Volkswagen AG and Porsche SE will jointly own all of Porsche AG's ordinary shares in a 75% minus one share-25% plus one share split. - Overall, 75% minus one ordinary share of Porsche AG's total share capital will be owned by Volkswagen AG after the IPO. - Porsche SE will own 12.5% plus one ordinary share of Porsche AG's total capital while Qatar will own 2.5%.
☆ Volkswagen targets 70-75 billion euro valuation in planned Porsche IPO
  + stars: | 2022-09-18 | by ( Jan Schwartz Victoria Waldersee | Jan Schwartz | Victoria Waldersee | ) www.reuters.com   time to read: +3 min
Employees of German car manufacturer Porsche install the windshield of a Porsche 911 at the Porsche factory in Stuttgart-Zuffenhausen, Germany, February 19, 2019. Volkswagen will price preferred shares in the flotation of Porsche AG at 76.50 euros to 82.50 euros per share, the carmaker said, translating into a valuation of 70 billion to 75 billion euros. Up to 113,875,000 preferred shares, carrying no voting rights, will be placed with investors over the course of the IPO. Total proceeds from the sale will be 18.1 billion to 19.5 billion euros. A stock exchange prospectus is expected to be published on Monday, after which institutional and private investors can subscribe to Porsche shares.
☆ Turning coronavirus page, Oktoberfest kicks off after two-year hiatus
  + stars: | 2022-09-17 | by ( ) www.reuters.com   time to read: +1 min
Visitors attend the official opening of the world's largest beer festival, the 187th Oktoberfest in Munich, Germany, September 17, 2022. REUTERS/Andreas GebertRegister now for FREE unlimited access to Reuters.com RegisterMUNICH, Sept 17 (Reuters) - The annual Oktoberfest, the world's largest beer festival, kicked off on Saturday for the first time since 2019, marking the end of a two-year hiatus as a result of the coronavirus pandemic. Revellers sit at long communal tables to swig beer, eat sausages, pretzel or pork knuckle, and listen to oompah bands. Munich mayor Dieter Reiter said earlier this year that the Oktoberfest, held from Sept. 17 to Oct. 3, would take place without any COVID-19 restrictions. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Ayhan Uyanik und Christine Uyanik; Writing by Christoph Steitz; Editing by Alex RichardsonOur Standards: The Thomson Reuters Trust Principles.
☆ Volkswagen-led consortium files for EU antitrust clearance in Europcar deal
  + stars: | 2022-04-19 | by ( ) www.reuters.com   time to read: +1 min
REUTERS/Charles PlatiauFRANKFURT, April 19 (Reuters) - A Volkswagen-led (VOWG_p.DE) consortium that has made a bid to buy Europcar (EUCAR.PA) has filed for antitrust clearance with the European Commission, it said on Tuesday, confirming that it expects the deal to be completed by the end of June. EU antitrust clearance is the only remaining obstacle standing in the way of the tender offer, the consortium, which also includes asset manager Attestor Limited and Dutch mobility group Pon Holdings BV, said in a joint statement. The consortium in July launched a bid for Europcar that values the French-listed firm at 2.9 billion euros ($3.1 billion). The 0.50 euros per share offer price can be topped up by 0.01 euros apiece if 90% of shareholders take it up. ($1 = 0.9260 euros)Reporting by Christoph Steitz and Foo Yun Chee, editing by Thomas EscrittOur Standards: The Thomson Reuters Trust Principles.
☆ BMW CEO warns against electric-only strategy
  + stars: | 2022-04-14 | by ( Doyinsola Oladipo | ) www.reuters.com   time to read: +2 min
[1/2] BMW CEO Oliver Zipse speaks during a visit of the German Economic and Climate Protection Minister at the BMW plant in Munich, Germany, January 20, 2022. He has long advocated against all-out bans on combustion engine car sales in the face of rising pressure from regulators on the auto industry to curb its carbon emissions and environmental impact. Offering more fuel-efficient combustion engine cars was key both from a profit perspective and an environmental perspective, Zipse argued, pointing to gaps in charging infrastructure and the high price of electric vehicles. "How much energy you need and use, and circularity, is important - for environmental reasons but even more for economic reasons." Reporting by Doyinsola Oladipo; Writing by Victoria Waldersee; Editing by Christoph Steitz and Mike HarrisonOur Standards: The Thomson Reuters Trust Principles.
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