Search Results for:Arno Schuetze
Leica is one of the world’s oldest photography brands.
Hong Kong’s CK Infrastructure (CKI) is seen as the frontrunner to buy German metering and energy management group Ista for more than 4.5 billion euros ($5.2 billion), sources close to the matter told Reuters. CKI, part of ports-to-telecoms conglomerate CK Hutchison, made a binding offer for private equity-owned Ista on… Read more »
The Swiss smart meter maker had pursued a dual track approach
China’s HNA became the largest direct shareholder in Deutsche Bank,
It is competing with CPPIB, which already owns a minority stake in Ista.
IPO could provide boost to Rocket Internet that holds a 35% stake in the firm.
IPO to value firm at 3.5-4 billion euros.
Potential bidders include China’s Fosun and Primavera Capital.
It plans to announce its intention to list mid-June with an IPO four weeks later.
Germany’s top lender Deutsche Bank is promoting two of its senior managers to deputy chief executives, complementing strategic adjustments and an 8 billion euro ($8.50 billion)capital raise. Finance head Markus Schenck and retail head Christian Sewing will take on roles as co-deputy chief executives alongside bank chief John Cryan with… Read more »