Spyker to sell sportscar business to focus on Saab
AMSTERDAM (Reuters) – Spyker Cars, the loss-making Dutch sportscar maker which bought much larger Saab last year, said it would sell its original luxury car business to a Russian investor.
The sale could raise 32 million euros and with other planned debt repayments will cut Spyker’s borrowings to 25 million euros, from 92 million euros now, Chief Executive Victor Muller said. That excludes debt owed by Saab itself.
Dutch Ten Cate eyes Asia, wind energy, autos
AMSTERDAM, Jan 20 (Reuters) – Royal Ten Cate (NTCN.AS: Quote, Profile, Research, Stock Buzz), the
Dutch producer of artificial grass and materials used in the
defence and aerospace industries, said on Thursday it is on the
prowl again for acquisitions and alliances.
Asia is one region ripe for expansion for all of Ten Cate’s
products: it currently accounts for just 10-15 percent of Ten
Cate’s annual sales of about 1 billion euros ($1.35 billion),
but the target is to raise that to 20-30 percent.
Rotterdam port: govt must fix infrastructure
ROTTERDAM, Jan 6 (Reuters) – The Dutch government must
address infrastructure problems and other bottlenecks around
Rotterdam port, Europe’s biggest, that threaten its growth, the
head of the port said on Thursday.
The port is investing 4 billion euros ($5.26 billion) over
the next few years on a massive land reclamation project and on
upgrading existing facilities, to increase capacity and cement
its position as a major transit point for commodities including
oil and grains, as well as for manufactured goods.
Spyker Cars shares surge a third on China distribution deal
AMSTERDAM (Reuters) – Shares in Spyker Cars (SPYKR.AS: Quote, Profile, Research, Stock Buzz), the loss-making Dutch sports car maker that bought much larger Saab this year, surged as much as a third on Monday on confirmation of a distribution deal in China.
Victor Muller, Spyker’s chief executive, told Reuters in an interview on Friday the firm was keen to push sales of Saab in the fast-growing, populous BRIC economies of Brazil, Russia, India and China, where car ownership is increasing rapidly as incomes rise and that it would announce a China partner soon.
Spyker Cars shares surge on China distribution deal
AMSTERDAM, Dec 20 (Reuters) – Shares in Spyker Cars
(SPYKR.AS: Quote, Profile, Research, Stock Buzz), the loss-making Dutch sports car maker that bought
much larger Saab this year, surged as much as a third on Monday
on confirmation of a distribution deal in China.
Victor Muller, Spyker’s chief executive, told Reuters in an
interview on Friday the firm was keen to push sales of Saab in
the fast-growing, populous BRIC economies of Brazil, Russia,
India and China, where car ownership is increasing rapidly as
incomes rise and that it would announce a China partner soon.
Spyker close to BRIC distribution deals
AMSTERDAM (Reuters) – The chief executive of Spyker (SPYKR.AS: Quote, Profile, Research, Stock Buzz), the loss-making Dutch sports car maker that bought much larger Saab this year, expects shortly to appoint local distribution partners for China, Russia and Brazil.
Victor Muller said on Friday that Spyker was keen to push sales of Saab in the fast-growing, populous BRIC economies of Brazil, Russia, India and China, where car ownership is increasing rapidly as incomes rise.
Dutch may introduce burqa ban as early as 2011
(Photo: Geert Wilders in The Hague, December 16, 2010/Jerry Lampen)
The Netherlands could ban full face veils worn by some Muslim women,as soon as next year, Dutch anti-Islam politician Geert Wilders told Reuters in an interview on Thursday. Wilders’ populist Freedom Party is the third largest in parliament and provides crucial support to the minority ruling coalition in exchange for the government taking a tougher line on Islam and immigration from non-Western countries.
His party has grown in popularity largely because of his outspoken criticism of Islam, which he describes as “a violent ideology.” He has been charged with inciting hatred against Muslims for comparing Islam to Nazism. The case is due to start over again following a request for new judges.
J&J eyes vaccine market with $2.3 billion Crucell bid
AMSTERDAM (Reuters) – U.S. healthcare group Johnson & Johnson (JNJ.N: Quote, Profile, Research, Stock Buzz) launched its long-awaited 1.75 billion euro ($2.3 billion) bid for Crucell (CRCL.AS: Quote, Profile, Research, Stock Buzz), despite some investor opposition and the Dutch biotech’s vaccine production problems.
J&J said in September it would bid 24.75 euros per share for the outstanding shares in Crucell — whose vaccines protect against childhood diseases including whooping cough and diphtheria.
J&J eyes vaccine market with $2.3 bln Crucell bid
AMSTERDAM, Dec 8 (Reuters) – U.S. healthcare group Johnson &
Johnson (JNJ.N: Quote, Profile, Research, Stock Buzz) launched its long-awaited 1.75 billion euro
($2.3 billion) bid for Crucell (CRCL.AS: Quote, Profile, Research, Stock Buzz), despite some investor
opposition and the Dutch biotech’s vaccine production problems.
J&J said in September it would bid 24.75 euros per share for
the outstanding shares in Crucell — whose vaccines protect
against childhood diseases including whooping cough and
diphtheria.
Philips TV business loss to narrow on cost cuts
AMSTERDAM, Dec 1 (Reuters) – Philips Electronics (PHG.AS: Quote, Profile, Research, Stock Buzz)
(PHG.N: Quote, Profile, Research, Stock Buzz) said its television business, seen as ripe for
divestment, will narrow its adjusted loss this year to between
60 million euros and 90 million before interest, tax and
amortisation.
Philips, whose three main business pillars are consumer
electronics, healthcare and lighting, said in a statement its
television operations would generate a 2 percent to 3 percent
adjusted EBITA loss on revenue of around 3 billion euros.
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