Italian Enel is planning to invest additional revenue to increase dividends, repurchase shares from minority shareholders and, possibly, to hold a buyback. New strategy of the company implies that share of dividends in profits will amount to 65-70 % in the next three years. € 2 billion obtained from sale of assets, will be used to buy shares from minority shareholders. Buyback is also considered...

Anti-corruption investigation carried by Brazilian authorities helped oil state corporation Petroleo Brasileiro (Petrobras) return $ 60 million. The money was received from politicians, officials and businessmen involved in the corruption scheme. Part of them agreed to cooperate with the investigation. Head of Petrobras Pedro Parente said the company lost about $ 1.8 billion due to then existing...

Swiss pharmaceutical giant Novartis announced purchase of American research laboratory Selexys Pharmaceuticals, which deals with diseases of the circulatory system and inflammatory processes. The lab specializes in sickle-cell anemia, a hereditary disease. As reported by AFP, the transaction amount can amount to $ 665 million (€ 627 million). Novartis agreed to buy the lab after examining results...

Donald Trump moved beyond rhetoric in order to justify trust of voters of the State of Kentucky. The US President-elect urged carmaker Ford Motor Company to change direction, and keep production in the United States. Trump persuaded Bill Ford, Chairman of the company, to abandon an idea to move production from a plant in Lincoln, Kentucky, to Mexico. He is wearing his heart on his sleeve and is...

Last year, Volkswagen found itself in the center of a scandal. The US authorities found out that the carmaker forged results of tests one emissions of harmful gases into the atmosphere. The investigation is gradually resulting in withdrawal of thousands of cars made by the German company, huge fines and a series of lawsuits from consumers. Now, the scandal has slightly faded, but still did not...

French Ministry of Finance has launched a process to return of € 2,2 billion of tax incentives, with which the government has provided Societe Generale bank, due to loss from actions of the institution’s former trader Jerome Kerviel. Les Echos writes this, citing sources. According to the publication, Tax Administration of the Republic intends to return either the entire amount granted to the...

Siemens announced a deal to acquire American company Mentor Graphics, specializes in development of software and electronics for electronic design automation. According to a proposal already approved by Mentor Graphics’ Board of Directors, Siemens is willing to pay $ 37.25 for each share of the US company, which is 21% higher than value of its securities at November 11, 2016. Thus, total value of...

Yahoo! is afraid that sale of the company’s core business to Verizon Communications for $ 4.8 billion is at risk due to data on 500 million users stolen back in 2014, according to Business Insider, with reference to a report filed by the Securities and Exchange Commission (SEC). In addition, Yahoo! announced that it has received 23 lawsuits in connection with the data leakage. The document states...

According to Reuters, Anheuser-Busch InBev has received six preliminary bids for some of its beer brands, totaling over € 5 billion. Among the buyers are listed several large breweries and private equity funds. Belgian company Anheuser-Busch InBev has completed the first round of applications for purchase some of its beer brands sold under the merger deal with British SABMiller. Namely,...