Arcelik owns the Beko and Grundig brands and will acquire 300% of the Japanese business unit GLS for 60 million dollars. A new company is formed that will help Hitachi expand its sales outside Japan.
Hitachi has purchased from the Elliott Fund and is preparing to launch the total takeover bid on the remaining 17% of shares. Stock leap in Piazza Affari: the level of the takeover bid has now been reached. Quarterly accounts and conference call on Tuesday
FROM THE BLOG "LA CASA DI PAOLA" - Televisions, large appliances, screens, and air conditioners: a "world war" is underway between the giants of the USA, China and Japan. Who will win? Meanwhile Apple blocks Samsung - Sharp, Toshiba, Hitachi: the end of…
Historic victory of the Cisl metalworkers in the former Ansaldo Breda plant in Pistoia where the Frecciarossa1000 train is produced - Marco Bentivogli comments; general secretary of the FIM-Cisl: "That plant looked like an impregnable fort but in just over two years we have…
Hitachi Rail Italy has delivered the first 4 carriages which are part of a large supply of new automatic subway destined for the capital of Taiwan
Alstom was awarded Lot 1 for 150 medium-capacity trains and Hitachi Rail was awarded Lot 2 for 300 high-capacity trains.
The Japanese group will pay the participants in the takeover bid a price adjustment equal to the sum of 0,82 euro for each share tendered.
Exceeding 45% of the capital gives Hitachi the option, in the next six months, to buy Ansaldo STS shares on the market without triggering the obligation of a new takeover bid.
Today is the last day to take part in the takeover bid launched by Hitachi Rail for 9,68 euros - Tomorrow the Lazio Regional Administrative Court will rule on the suspension of the Consob provision which imposed a rise in the takeover bid price.
The Stock Exchange Commission has extended from 4 to 14 March 2016 the deadline of the mandatory takeover bid promoted by Hitachi on Ansaldo Sts.
The Japanese company, following the Consob provision, has decided to increase the price of the mandatory total takeover bid on Ansaldo Sts from 9,50 euros to 9,68 euros.
The decision was taken following the pronouncement of the TAR which accepted Hitachi's request to suspend as a precautionary measure the resolution with which Consob had raised the price of the offer.
The Lazio Regional Administrative Court accepts the appeal of the Japanese company which asked to suspend the increase in the price of the takeover bid on Ansaldo imposed by Consob - No to Amber's request to put the offer period on stand-by pending fixing…
The request, contained in the appeal with which the Japanese ask for the annulment of the resolution that raised the price of the takeover bid, has not yet been quantified - Meanwhile, the Lazio Regional Administrative Court has convened Hitachi, Amber Capital, Bluebell Partners and…
By the morning, the Japanese company will appeal against the supervisory authority's decision to raise the price of the mandatory takeover bid on the Ansaldo Sts float, bringing it from 9,50 euros per share to 9,899 euros - The deadline for joining the tender expires on Friday 'Opa…
As a result of a ruling by the TAR in 2014, the exercise of the adjustment powers to increase the takeover bid price had to take place within the narrow perimeter of the values that emerged during the negotiations between the parties. Allow Consob to proceed with the…
The investment fund does not intend to tender the shares it owns to the takeover bid as it "significantly undervalues the company", despite the price review decided by Consob
The Japanese appeal against the decision to raise the takeover bid price - The company also reaffirms "the correctness of its actions", believing "that it has acted with the utmost transparency towards the market and the Authority".
The magistrates will have to ascertain that the sale price of Ansaldo Sts has not been communicated to the market in a distorted way in order to favor the simultaneous sale of the subsidiary Ansaldo Breda, thus damaging the minority shareholders…
The Japanese group is evaluating whether to appeal to the TAR after Consob revised upwards the offer price on the float of Ansaldo Sts.
It was the Stock Exchange Commission itself, on November 17th, that suspended the procedure, requesting further documents relating to the operation - The deadline for the approval of the preliminary investigation is confirmed as December 5th.
As for turnover, it grew by 4,6%, to 9 billion, while Ebita showed a +44,7%, to 745 million - Due to the deconsolidation of the railway sector, both will have a reduction of around 600 million debt and a capital gain…
Finmeccanica announces that the sale of Ansaldo Sts and AnsaldoBreda to the Japanese Hitachi has been completed.
The checks for the sale closed positively - On 2 November the shareholders' meeting of Ansaldo Sts.
With regard to the 2014 financial year, the CEO specified that for Finmeccanica it closed with "results beyond expectations".
The perimeter of Moretti's Finmeccanica changes and, by selling AnsaldoSts and AnsaldoBreda, realizes a capital gain of 250 million and concentrates on the core business (aerospace, defence, security) - But the arrival of the Japanese Hitachi will strengthen Ansaldo's technological projection…
According to the latest rumors, a preference of the Board of Directors for the offer of the Japanese Hitachi would have taken shape.
Expected a reduction in net financial debt of over 600 million in 2017 - Estimates on 2014 results revised upwards - Hitachi in pole position for the acquisition of AnsaldoBreda and Ansaldo Sts.
Today Moretti is awaited by the financial community for the presentation of the new 2015-2019 industrial plan, and perhaps also by the buyer of the two transport companies.
Insigma and Hitachi still in the running to take over AnsaldoBreda, while Ansaldo Sts soars on the stock market – Finmeccanica also earns money
The offer from the Japanese company, the only survivor in the tender for AnsaldoBreda, was received within the established deadlines - Finmeccanica stock advances after the difficulties of the early morning.
According to sources reported by the Nikkei, the Japanese group will present its proposal between the weekend and early next. The numbers at stake
The CEO of Finmeccanica, Mauro Moretti, intervened on the sale of the subsidiaries Ansaldo Breda and Ansaldo Sts: "The decision will arrive by the end of the month and the beginning of November" - Japanese Hitachi and the duo are at stake Chinese…
As reported by qualified sources to Radiocor, Bombardier and Hitachi are the two groups remaining in the running to present an offer to Finmeccanica for the Transportation business (AnsaldoBreda and Ansaldo Sts which the group controls with 40%).
Will participate in the joint offer of Mitsubishi Heavy Industries and Siemens to acquire part of the energy assets of the French industrial group - The proposal is aimed at countering the offer made by the Americans of General Electric to buy the entire energy division of…
The 2012-2013 financial year of the Japanese electronics group closed with falling revenues and an almost halved net profit, -49% to 175 billion yen - Rumors have been circulating in recent days relating to Hitachi's interest in the acquisition…
The negotiation for the sale of the two railway companies in Piazza Monte Grappa to the Japanese group is relaunched - Hitachi's first offer was considered inadmissible - Finmeccanica needs one billion euros to reduce debt.
The European subsidiary of the Japanese multinational Hitachi has announced the opening of its European Rail Research Center in London.
On the black day in Piazza Affari, the share of Ansaldo Sts stands out (over +2%): according to sources close to the company, the deal with Hitachi has a good chance of reaching port "in reasonable times".
