Toby Sterling

France's Bollore poised to own $7 billion worth of Universal after listing

Sep 14 2021

PARIS/AMSTERDAM (Reuters) -Vincent Bollore is set to own $7 billion worth of Universal Music Group shares after it floats next week, raising questions about how the French tycoon could use this new source of cash as Universal's parent Vivendi charts a new course.

Uber drivers are employees, not contractors, says Dutch court

Sep 13 2021

AMSTERDAM Uber drivers are employees, not contractors, and so entitled to greater workers' rights under local labour laws, a Dutch court ruled on Monday, handing a setback to the U.S. company's European business model.

Carlyle revives $1.2 billion sale of lingerie firm Hunkemoller - sources

Sep 10 2021

AMSTERDAM U.S. private equity firm Carlyle is reviving plans to sell Netherlands-based lingerie chain Hunkemoller that were delayed by the pandemic, two people close to the matter told Reuters, in a deal that could top 1 billion euros ($1.2 billion).

Prosus doubles down on India with $4.7 billion deal for BillDesk

Aug 31 2021

AMSTERDAM (Reuters) -Prosus NV doubled down on its investment in India on Tuesday with a $4.7 billion deal for payments platform BillDesk, making it one of the biggest players in the country's fast-growing fintech sector.

Goldman Sachs to buy Dutch asset manager NNIP for around $2 billion

Aug 24 2021

AMSTERDAM (Reuters) -Goldman Sachs said on Thursday it will buy Dutch insurer NN Group's asset management arm for around 1.7 billion euros ($1.98 billion) in the biggest acquisition by the U.S. company since David Solomon became chief executive in 2018.

EU countries at odds on migrant returns as Afghan conflict grows

Aug 11 2021

ATHENS/AMSTERDAM The European Union is no position to deal with a repeat of the 2015 migration crisis and must try to keep people from fleeing conflict in Afghanistan, Greece said on Wednesday, as unity between EU member states over deportations crumbled.

ING reports $2.5 billion pretax profit, plans dividends and buybacks

Aug 06 2021

AMSTERDAM (Reuters) -ING Groep NV on Friday reported a better-than-expected quarterly pretax profit of 2.07 billion euros ($2.45 billion) and said it plans to resume paying dividends as it reversed some provisions for bad loans taken amid the coronavirus pandemic.

JDE Peet's says coffee lovers can swallow higher prices

Aug 04 2021

AMSTERDAM JDE Peet's , one of the world's largest consumer coffee companies, on Wednesday reported better than expected first-half operating profit, and said it would meet full-year targets despite a spike in green coffee prices after frost struck Brazilian crops last month.

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