The Strategist
Companies & CEOs

Saudi Arabia changes Saudi Aramco CEO before IPO - 09/03/2019

The decision to appoint a new Chairman of the Board of Directors to replace the Saudi Arabian Minister of Energy, as noted, was made in order to "avoid conflicts of interest" before preparing for the initial public offering of Saudi Aramco. The change of leadership at Saudi Aramco also strengthens the position of Crown Prince of Saudi Arabia, Mohammed bin Salman. Many witness that Yasir...

Toshiba leaves US LNG market - 09/02/2019

The company’s US division was bought by the French Total for $ 15 million. Japanese Toshiba left its American LNG business. The company completed sale of its Toshiba America LNG division to the French Total. The deal amounted to $ 15 million. The decisive factor for the conglomerate in favor of selling the American asset was a sharp drop in prices for liquefied natural gas in Asia. At the same...

Sony to sell its stake in Olympus for $760 mln - 08/30/2019

Japanese Sony decided to sell its entire stake in the manufacturer of endoscopes, photographic equipment and optics Olympus back to the company itself for 80.4 billion yen ($ 762.88 million). Sony will sell 68 million 975.8 thousand shares of Olympus (5.03% of the capital) at the closing price on Thursday (1,165 yen), according to a press release from Sony. Sony bought an 11.5% stake in Olympus...

BP sells assets in Alaska to Hilcorp Energy for $ 5.6 bln - 08/28/2019

British oil giant BP Plc has reached an agreement to sell its assets in Alaska to Hilcorp Energy Co for $ 5.6 bln, Reuters writes. Thus, BP is leaving the region where the company has been operating for sixty years. In particular, BP is selling a stake in the Prudhoe Bay oil field and a part of Trans Alaska Pipeline . Under the deal, Hilcorp Energy Co will make an initial payment to BP in the...

KFC, Beyond Meat are experimenting with veggie meat - 08/28/2019

KFC fast food chain launched vegan Beyond Fried Chicken with chicken substitutes in a restaurant in Atlanta. “It’s confusing, but it’s amazing,” the company said. The menu of this restaurant will include "boneless wings" from the same manufacturer. The wings will cost $ 1 each, and nuggets will cost $ 6.49 for six and $ 8.49 for a dozen, CNN reports. The experiment is supposed to be limited to...

ExxonMobil disputes Russia-related fine - 08/27/2019

The oil company wants to invalidate the $ 2 million fine from the US Treasury. ExxonMobil and the US Treasury will meet in a Texas court over Russian oil company Rosneft, or rather, over a fine that the agency imposed on the American oil company, accusing it of violating Washington’s anti-Russian sanctions. However, the oil concern believes that they did not violate anything: at the time of the...

Ghosn case reveals new fact about Silicon Valley investments - 08/27/2019

Former Head of Nissan Motor, Carlos Ghosn, built a parallel business with his son as an investor in Silicon Valley, using the millions of dollars he received from the top manager of Nissan's partner company from Oman, The Wall Street Journal writes. The actions, which were known only to a small circle of people, may entail the most serious accusations in the framework of a large-scale...

Amazon bets on offline retail - 08/26/2019

Amid a slowdown in online business growth, the American retailer is considering the prospects of retail stores. The US retail giant is opening another 4-Star store in Boston plus one more Amazon Books outlet in Nashville. Thus, the retailer is expanding its offline retail presence by betting on projects other than Whole Foods. The latter accounts for the lion's share of Amazon’s  offline...

Profit of DP World port operator goes 26.8% up in the first half of 2019 - 08/22/2019

Net profit attributable to shareholders of the world port operator DP World (owned by the government of the emirate of Dubai) grew by 26.8% in annual terms to $ 753 million in the first half of the year. Earnings per share were $ 0.9 versus $ 0.72 a year earlier. EBITDA rose 21.9% to $ 1.611 billion. Revenue increased by 31.9% to $ 3.46 billion. The company explains the increase in revenue by...

Saudi Aramco calls on banks to participate in the largest IPO - 08/21/2019

IPO Saudi Aramco is one step closer to reality. A few days ago, the state-owned oil company of Saudi Arabia called on a number of banks to take part in the long-awaited IPO. Aramco's formal request that banks put forward their proposals is already a positive development for the IPO, although banks expect the largest IPO to be ahead of the difficult period. Last week, Aramco Senior Vice...
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