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Jul 13, 2012

SNS Reaal mulls asset sale as aid repayment looms

AMSTERDAM, July 13 (Reuters) – Dutch financial services
group SNS Reaal, struggling with a loss-making property
arm and facing the repayment of state aid by the end of next
year, said it was considering the sale of its insurance
business, one of its main cash generators.

SNS Reaal has been hit by a weak property market and low
interest rates. It is looking at options including the sale of
its insurance unit Reaal and its pension operation Zwitserleven
to strengthen its capital position, and will continue to wind
down its property finance loans, a spokesman told Reuters.

Jul 10, 2012

ASML wins funds for chip technology from Intel

SAN FRANCISCO/AMSTERDAM (Reuters) – ASML, the world’s top chip equipment maker, signed up Intel Corp to bankroll its research into costly next-generation chipmaking technology, and aims to reach similar deals with TSMC and Samsung Electronics.

ASML’s chief executive said on Tuesday the Dutch firm had asked its three biggest customers – Intel, TSMC, and Samsung Electronics – to help fund its R&D in exchange for up to 25 percent of its shares. Following Intel’s decision, it expects to announce more customer investments in the coming weeks.

Jun 26, 2012

Dutch shun closer Europe as election looms

AMSTERDAM (Reuters) – In the Netherlands, two people matter when it comes to the euro zone crisis: Henk and Ingrid. And they’re not happy.

The mythical Mr and Mrs Average, conjured up by populist politician Geert Wilders, have taken on a life of their own. Married with two children, they live in a typical suburban house, and take one or two holidays a year.

Jun 21, 2012

Slim poised to succeed in KPN move

AMSTERDAM (Reuters) – Mexican tycoon Carlos Slim on Thursday looked well placed to succeed in a bid for a major stake in Royal KPN NV (KPN.AS: Quote, Profile, Research) after the Dutch telecoms group failed to find a buyer or partner for its coveted German unit E-Plus.

KPN’s talks with cash-strapped Spanish peer Telefonica SA (TEF.MC: Quote, Profile, Research) over a German deal – intended to unlock value, push up KPN’s shares and ward off the unsolicited approach by Slim’s America Movil (AMXL.MX: Quote, Profile, Research) – fell through just days before the Mexican company’s offer closes on June 27.

Jun 21, 2012

Slim’s partial KPN offer seen likely to succeed

AMSTERDAM (Reuters) – Mexican tycoon Carlos Slim looked well placed on Thursday to pull off his goal of acquiring a substantial stake in Royal KPN NV (KPN.AS: Quote, Profile, Research, Stock Buzz), after the Dutch telecoms group failed to find a buyer or partner for its coveted German unit E-Plus.

KPN’s talks with cash-strapped Spanish peer Telefonica SA (TEF.MC: Quote, Profile, Research, Stock Buzz) over a German deal – intended to unlock value, push up KPN’s shares and ward off the unsolicited approach by Slim’s America Movil (AMXL.MX: Quote, Profile, Research, Stock Buzz) – fell through just days before the Mexican company’s offer closes on June 27.

Jun 21, 2012

KPN fails to find buyer for German unit E-Plus

AMSTERDAM, June 20 (Reuters) – Dutch telecom KPN’s
attempt to sell its German unit E-Plus to Spain’s Telefonica
– a move intended to ward off an unsolicited approach
by Carlos Slim – has fallen through, just days before the
Mexican tycoon’s tender offer closes.

KPN’s failure to find a buyer or merger partner for E-Plus,
which some analysts had valued at between 8 billion and 10
billion euros, now leaves the Dutch telecoms operator with few
other options to keep the Mexican billionaire at bay.

Jun 20, 2012

KPN’s fails to find buyer for E-Plus

AMSTERDAM, June 20 (Reuters) – Dutch telecom KPN’s
attempt to sell its German unit E-Plus to Spain’s Telefonica
– a move intended to ward off an unsolicited approach
by Carlos Slim – has fallen through, just days before the
Mexican tycoon’s tender offer closes.

Slim’s mobile phone giant America Movil has little
left to snap up in Latin America and has turned its sights on
Europe in search of undervalued assets.

Jun 19, 2012

Slim snubs KPN call to cut voting rights: paper

AMSTERDAM (Reuters) – Carlos Slim’s America Movil (AMXL.MX: Quote, Profile, Research, Stock Buzz) has rejected a call by Dutch telecoms group KPN (KPN.AS: Quote, Profile, Research, Stock Buzz) to waive some voting rights if the Mexican group succeeds in building up a big stake in the struggling European firm, a newspaper reported on Tuesday.

Carlos Garcia Moreno, chief financial officer at America Movil, told Dutch daily newspaper Het Financieele Dagblad that KPN’s request to forfeit some voting rights was “unacceptable”.

May 28, 2012

War crimes prosecutor nominated as FIFA investigator

AMSTERDAM (Reuters) – Top international prosecutor Luis Moreno-Ocampo, best known for pursuing war criminals, has been nominated as chief investigator at FIFA, soccer’s scandal-plagued governing body, with a brief to probe match-fixing and corruption.

FIFA’s executive committee is due to discuss the appointment of a chief investigator within the next few weeks as part of a proposed clean-up following a string of graft cases.

May 28, 2012

Giant telescope to explore far reaches of cosmos

LONDON/AMSTERDAM (Reuters) – The world’s biggest and most advanced radio telescope, capable of detecting signs of extraterrestrial life in the far reaches of the universe, will be located in South Africa, Australia and New Zealand.

The decision to split the location of the $2 billion “Square Kilometre Array” followed intense lobbying by the two leading bidders, South Africa one side and a joint bid from Australia and New Zealand on the other.

    • About Sara

      "Sara Webb, bureau chief for Indonesia, has lived in Jakarta since 2007. She has worked as a journalist in Asia, Europe and the United States."
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