BRUSSELS, Oct 7 (Reuters) – Belgian chemicals and plastics
maker Solvay has agreed to buy privately held
Chemlogics for $1.345 billion, bringing its share of the $8
billion-a-year U.S. market for chemicals used by the oil and gas
industry to 10 percent.
The market is forecast to grow 6 percent a year to 2017,
driven by fracking or horizontal drilling for shale oil and
shale gas as well as deepwater drilling, Solvay said.
BRUSSELS, Sept 29 (Reuters) – Dutch preference shares, once
a device to share the benefits of a family business, have become
an unbreachable barrier to hostile takeovers in the Netherlands,
most recently forcing Mexico’s America Movil to the
America Movil, Latin America’s biggest telecoms group,
quickly learned that it could not simply muscle in on its
target, Dutch peer KPN, after a foundation charged with
protecting the group exercised a call option on preference
shares that gave it half the company’s voting rights.
ANTWERP, Belgium, Sept 26 (Reuters) – They were the ships
that took Albert Einstein and Irving Berlin to America, two of
the millions who set out from Europe around the turn of the 20th
century hoping to leave behind poverty or persecution.
The steam liners of the Red Star Line, commemorated in a new
museum in their Belgian home port of Antwerp, carried about 2
million migrants across the Atlantic between 1873 and 1934, a
quarter of them Jews, and all seeking a better life.
BRUSSELS/SINGAPORE Sept 20 (Reuters) – The European Union
and Singapore have finalised the details of one of the world’s
most comprehensive free trade agreements, a pact the EU sees as
a stepping stone towards a wider deal with booming economies in
The European Union, the world’s largest trading bloc, hopes
the deal will open the door to a deal with other members of the
10-nation Association of Southeast Asian Nations (ASEAN), which
has set a goal of economic integration by 2015.
BRUSSELS/SINGAPORE (Reuters) – The European Union and Singapore submitted for approval on Friday one of the world’s most comprehensive free trade agreements, which the EU sees as a stepping stone towards a wider deal with Southeast Asia.
The European Union envisages it opening the door to a deal with other members of the 10-nation Association of Southeast Asian Nations (ASEAN), which has set a goal of economic integration by 2015.
BRUSSELS (Reuters) – Dutch telecoms company KPN (KPN.AS: Quote, Profile, Research, Stock Buzz) has entered into talks with Mexico’s America Movil (AMXL.MX: Quote, Profile, Research, Stock Buzz) over the latter’s 7.2 billion-euro ($9.6 billion) takeover offer, the two sides said on Thursday, although both cautioned the outcome was unclear.
KPN said in a statement its management and supervisory boards were discussing with America Movil the price and conditions of the Mexican group’s bid.
BRUSSELS, Sept 9 (Reuters) – KPN’s chief financial
officer quit unexpectedly on Monday, leaving the Dutch telecoms
group without a key executive as it negotiates with Mexico’s
America Movil, which is proposing a 7.2 billion euro
($9.5 billion) takeover.
Eric Hageman, 43, was just one year into the job. KPN said
he resigned due to personal circumstances, unrelated to working
relationships or the company’s present situation, and added it
would make a further announcement regarding the CFO role “as
soon as possible.”
BRUSSELS (Reuters) – World and Olympic champion Usain Bolt powered away late in the race to destroy his rivals and win the 100 meters in 9.8 seconds at the season-closing Diamond League meeting in Brussels on Friday.
Bolt, who won 100, 200 and 4×100 relay golds at last month’s world championships, was one of several Moscow medalists in action.
BRUSSELS (Reuters) – Usain Bolt has made breaking his 200metres world record the target for 2014 and reiterated his plan to retire after the 2016 Rio Games having achieved the unthinkable hat-trick of Olympic sprint doubles
“As long as I stay injury free next season you’ll see me attempting a few times to try to break some records,” Bolt told reporters in Brussels ahead of Friday’s season finale Diamond League event where he will race the 100m in a rematch with American Justin Gatlin who he beat into second place in last month’s world championship final.
BRUSSELS/COPENHAGEN, Aug 21 (Reuters) – Growth in emerging
markets could not rescue Dutch brewer Heineken and
rival Carlsberg on Wednesday from poor spring weather
and grinding economic recession in much of Europe.
But both forecast strong demand in Asia would ensure
full-year earnings match or go beyond last year’s levels and
Heineken said it would push new products such as Radler, a mix
of lager and lemon juice, to draw back European drinkers.