Third stock market debut for “Die Höhle der Löwen” judge Georg Kofler

Georg Kofler (left) and Ralf Dümmel in front of the Frankfurt Stock Exchange Kofler is the chairman of the supervisory board and the largest shareholder in Social Chain AG, while Dümmel will be responsible for products, purchasing and sales on the board of directors. Düsseldorf On Friday morning Georg Kofler was allowed to ring the […]

Rumors of an expensive US takeover of Hartford

Allianz According to insiders, however, the purchase is unlikely. (Photo: Reuters) Munich A few days after the takeover of the Polish business from the British competitor Aviva, there is speculation at Allianz about a mega takeover. According to rumors, Europe’s largest insurer is currently exploring an offer for the US insurer Hartford at a very […]

Doubled profit forecast & interest in Berlin Hyp

Helaba headquarters in Frankfurt Deka and LBBW are also vying to take over Berlin Hyp. (Photo: dpa) Frankfurt The Landesbank Hessen-Thüringen (Helaba) expects a strong increase in profits in the current year. CEO Thomas Groß assumes that the pre-tax result will more than double to around 500 million euros. “Helaba is on course for growth,” […]

Spanish bank BBVA significantly increases profits

BBVA in Madrid The bank sold its US business a year ago. (Photo: dpa) Madrid The Spanish bank BBVA achieved a profit boost in the summer quarter thanks to strong business in the important Mexican market. The financial group also had to make less provision for bad loans. The bottom line was that BBVA earned […]

Richard Branson IPOs Virgin Orbit

Virgin Orbit A modified Boeing 747 carries Virgin Orbit’s “LauncherOne” rocket. (Photo: Reuters) Bangalore The British billionaire Richard Branson brings another company from his corporate universe to the stock exchange. The space company Virgin Orbit is to be placed via an investment vehicle and come to a market value of 3.2 billion dollars. The US […]

Vacation home broker goes public via Spac

Hometogo-Chef Patrick Andrae The company, which has previously been financed by venture capital, is not in the black. (Photo: Chris Marxen, Düsseldorf The shell company Lakestar Spac I of the investor Klaus Hommels, which has been listed on the Frankfurt Stock Exchange since February, takes over the holiday home broker Hometogo. The two companies […]

A hotel legend goes under the hammer

Plaza Hotel in Manhattan The hotel, which opened in 1907, is still one of the most exclusive addresses in New York. (Photo: Reuters) New York A New York hotel legend will apparently go under the hammer next month: the Plaza Hotel. This could end two years of uncertainty about the future of the property right […]

Promotion with billions from the pandemic fund

Kyriakos Mitsotakis The Greek Prime Minister wants to reform his country’s economy. (Photo: Reuters) Athens An old flatbed truck, a small hall in the Athens industrial park Votanikos, five employees: Philippos Psaropoulos’ company, a specialist in aluminum construction, is a typical Greek small company. Psaropoulos and his people are skilled and hardworking. The 43-year-old entrepreneur […]

Hedge fund Alden takes over the entire Tribune media group in the USA

Chicago Tribune For more than a year, journalists from the Tribune media group had opposed a takeover by Alden, which has a reputation for forcing even higher profit margins even in an industry tormented by cost cuts and layoffs. (Photo: AP) New York The US newspaper chain Tribune Publishing is completely taken over by the […]

Baloise wants to expand its innovation portfolio

Baloise Baloise is currently worth around CHF 8.3 billion on the stock exchange. (Photo: dpa) Zürich The Swiss insurance group Baloise wants to continue investing in new business approaches and digital offerings. In four years, the “innovation portfolio” should be worth around one billion francs (902 million euros), said Baloise boss Gert De Winter on […]