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Holding Companies

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LGC Capital appoints John Mcmullen as CEO

7:07am EST

Lgc Capital Ltd : LGC Capital announces changes to its executive team . LGC Capital Ltd - John Mcmullen has been appointed as chief executive officer . LGC Capital Ltd - John Mcmullen has been appointed as chief executive officer of LGC Capital to replace David Lenigas .LGC Capital Ltd - Lenigas will continue to be very active with LGC Capital and remain as co-chairman of board of directors.

Lundbergs Q4 operating profit up at SEK 4.31 billion

7:00am EST

L E Lundbergforetagen AB (publ) : Q4 net sales 4.80 billion Swedish crowns ($534.1 million) versus 4.55 billion crowns year ago . Q4 operating profit 4.31 billion crowns versus 2.50 billion crowns year ago .Proposes dividend of 5.60 crowns per share for FY 2016.

Al-Salam Group Holding posts FY profit

6:52am EST

Al-salam Group Holding Co : FY net profit 314,699 dinars versus loss of 1.4 million dinars year ago . FY total operating revenue 5.1 million dinars versus 4.7 million dinars year ago Source:(http://bit.ly/2mopHK3) Further company coverage: [SAGH.KW] ((Bangalore.newsroom@thomsonreuters.com;)).

Kuwait's National Investments says Adeptio gets CMA nod for acquisition of 26.634 pct stake

5:20am EST

National Investments Co :Adeptio gets Capital Markets Authority approval for mandatory acquisition of 107.1 million shares of Kuwait's Americana from minority shareholders.

Gequity board resigns

4:13am EST

Gequity SpA :Said on Wednesday that its board of directors resigned following the request of shareholder Sintesi SpA .

Gequity board resigns

4:13am EST

Gequity SpA :Said on Wednesday that its board of directors resigned following the request of shareholder Sintesi SpA .

M&C issues 2018-2020 industrial plan

4:11am EST

M&C SpA : Said on Wednesday that it approved the 2018-2020 industrial plan, which mainly consists of the data of unit Treofan . Targets 2020 turnover of about 524 million euros ($553.29 million) .Targets 2020 EBITDA of about 61.5 million euros.

Strax Q4 operating profit up at SEK 12.7 million

3:24am EST

Strax AB : Q4 sales 253.9 million Swedish crowns ($28.29 million) versus 218.8 million crowns year ago . Q4 operating profit 12.7 million crowns versus 10.9 million crowns year ago .Proposes no dividend to be paid out relating to financial year 2016.

Kinnevik completes Rocket stake sale, gross proceeds 209 mln EUR

1:11am EST

Kinnevik AB : Says further to the announcement on 22 February 2017, Kinnevik AB today announced that Kinnevik Internet Lux S.à r.l. ("Kinnevik") has completed the placement of approximately 10.9 million shares (the "Placing Shares") in Rocket Internet SE (the "Company") to institutional investors by way of an accelerated bookbuilding process . placement price is eur 19.25 per share . kinnevik's gross proceeds from transaction will amount to eur 209m .Kinnevik says Company (Rocket) will not receive any proceeds from transaction.

Kinnevik launches accelerated bookbuild of shares in Rocket Internet

Wednesday, 22 Feb 2017 11:35am EST

Kinnevik : Kinnevik says launches accelerated bookbuilding process by Kinnevik Internet to institutional investors of approximately 10.9 million existing shares in Rocket Internet SE . Says placing shares represent 6.6% of company's issued share capital and constitute 50% of kinnevik's shareholding in company .Says BofA Merrill lynch will be acting as sole bookrunner in transaction.

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