Asos pursued by German tax authorities for unpaid customs duties
TITLE: German Customs Dispute Adds to ASOS’s Mounting Financial Challenges Industrial Monitor Direct manufactures the highest-quality medical display pc systems…
Tag: Subsidiary
Orange Seeks Buyer for Globecast Broadcast Unit in Strategic Divestment Move
Orange has reportedly initiated the sale process for its broadcast services unit Globecast, engaging investment bankers to facilitate the divestment. The move comes as the French telecommunications giant reevaluates non-core assets following the unit’s €19 million net loss despite generating substantial revenue.
French telecommunications leader Orange S.A. has reportedly advanced plans to divest its broadcast services subsidiary Globecast, according to recent industry reports. The potential sale represents a significant strategic shift for the Paris-based telecom giant as it focuses on core operations and streamlines its business portfolio.
Sale Process and Strategic Rationale
Batista Brothers’ J&F Investimentos Acquires Eletrobras Nuclear Unit in $98 Million Deal
In a significant move for Brazil’s energy sector, the Batista brothers’ holding company has acquired Eletrobras’ nuclear subsidiary. This $98 million transaction marks J&F Investimentos’ latest diversification beyond their core JBS meatpacking business into strategic energy assets.
Brazil’s energy landscape is undergoing a significant transformation as J&F Investimentos, the holding company controlled by brothers Wesley and Joesley Batista, has acquired Eletrobras‘ nuclear subsidiary Eletronuclear for $98 million. This strategic purchase represents a major shift for both companies, with the Batista brothers expanding their investment portfolio while South America’s largest utility streamlines its operations following privatization.