POSTRAWA POŁUDNIOWA – Companies and Markets -2- | News

Due to the high demand for power semiconductors, Bosch is investing another billion in its chip business. Another € 3 billion is to be invested in this area by 2026, the foundation group announced during Tech Day in Dresden. “In the interest of our customers, we are preparing ourselves for the ever-increasing demand for tokens,” said Bosch CEO Stefan Hartung.

Cropenergies is expecting a strong second quarter

Bioethanol producer Cropenergies is also confident in the second business quarter, which is only half way past. As announced by the subsidiary Sdzucker AG, it expects a significant increase in sales, EBITDA and operating result for the quarter by the end of August. Cropenergies AG also confirmed the recently raised forecast for the financial year.

Gerresheimer CFO: Ensured gas supply – systemically important products

Packaging maker Gerresheimer believes that the gas supply is provided at a good price, despite the current downtime at the Nord Stream 1 pipeline.

Gerresheimer CFO: Q3 started “as planned”.

According to CFO Bernd Metzner, packaging maker Gerresheimer reached the “right” and “on-schedule” third quarter. In an interview with Dow Jones Newswires, Metzner said the order books were full and the MDAX group would come out “as planned.” On Wednesday morning, Gerresheimer reaffirmed his full-year forecast and medium-term targets. The group will present in October updated information on the course of its operations, also with regard to the outlook for the year, “but from today’s perspective, we are very optimistic about the future.”

Rheinmetall wins another millionth fuel cell order

Rheinmetall has received another large order in the million euro mid-range for the supply of fuel cell components. As announced by the MDAX group, a European manufacturer of fuel cells has commissioned the company to supply cathode valves. Flap systems with integrated storage electronics that are used as bypass and shut-off valves for the fuel cells were put into operation.

Bafin imposed a fine of Steinhoff of EUR 11.3 million

Furniture dealer Steinhoff was asked to pay by the German financial regulator for not publishing reports. As Bafin announced, Steinhoff International Holdings NV must pay EUR 11.29 million.

EDF demands that trade be suspended due to nationalization plans

According to government statements, the French energy company EDF has the option nationalization demanded the suspension of shares until further notice. Electricite de France SA (EDF) announced that it had submitted the application after consulting the market surveillance authority and following recent statements by the French Prime Minister, Elisabeth Borne.

Generali wants to buy the remaining Cattolica shares

Assicurazioni Generali SpA wants to buy the remaining shares of its smaller competitor Cattolic after the group has gained almost total control. The Italian insurance giant announced that it currently owns more than 95 percent of the Cattolica, and thus has a mandate to take over the remaining shares.

UBS appoints Khan as sole head of Global Wealth Management

UBS Group AG has appointed Iqbal Khan as sole head of asset management effective October 3. A major Swiss bank has announced that its former co-head of Global Wealth Management, Tom Naratil, will step down. In addition, Naureen Hassan was selected from the Federal Reserve Bank of New York to replace Naratil in his other roles as president of UBS Americas and CEO of Americas Holding Company in October

Merck & Co pays Orion $ 290 million to develop anti-cancer drugs

The US pharmaceutical group Merck & Co is involved in the development and marketing of a drug candidate from Orion Corp for the treatment of prostate cancer. As announced by the group, it is making an upfront payment to its partner of $ 290 million.

Former Tepco manager fines billions of dollars for Fukushima nuclear disaster

More than eleven years after the Fukushima nuclear disaster, four former executives of the energy company Tepco were sentenced to pay billions. A Tokyo court ordered to pay 13 trillion yen (€ 94.6 billion), Japanese media reported Wednesday. Shareholders sued.


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(END) Dow Jones Newswires

July 13, 2022 07:16 ET (11:16 GMT)

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