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credit agricole leasing and factoring acquires german group merca leasing
Crédit Agricole Leasing & Factoring has completed the acquisition of 100% of Merca Leasing, a prominent player in the German leasing market, after securing necessary approvals. This strategic move enhances CAL&F's service offerings and expertise, particularly in Mobility, while expanding its presence in Germany. The transaction aligns with CAL&F's growth ambitions outlined in its 2025 Medium-Term Plan.
deutsche bank affirms buy rating for tui after strong fiscal first half results
Deutsche Bank has reaffirmed TUI AG's buy rating following the company's strong fiscal H1 results. TUI, a global tourism group based in Germany, operates through three main segments: Hotels & Resorts, Cruises, and TUI Musement, across various regions including Northern, Central, and Western Europe.
bnp paribas exane integrates equity research with bloomberg terminal for clients
BNP Paribas Exane has partnered with Bloomberg to provide institutional clients direct access to its equity research models on the Bloomberg Terminal, enhancing investment decision-making. This collaboration streamlines the integration of BNP Paribas' equity analysis, which covers over 1,000 global stocks, including 300 U.S. stocks in key sectors. The initiative aims to empower buy-side clients with actionable insights and improve their research workflows.
bnp paribas aims for 400000 energy efficient home renovations by 2026
BNP Paribas aims to support 400,000 energy-efficient home renovations across Europe by 2026, addressing barriers like cost and bureaucracy that hinder French homeowners. The initiative includes partnerships and tailored financing options to facilitate energy refurbishments, particularly in shared buildings.
Brera Holdings Expands Global Sports Portfolio with Strategic Acquisitions and Investments
Brera Holdings PLC, a leader in the global sports industry, is focused on expanding its portfolio through a multi-club ownership strategy. The company recently expressed support for John Textor's Eagle Football Holdings, which is reportedly preparing for a $2 billion IPO, potentially marking a significant moment for the multi-club ownership sector. Brera continues to enhance its operations, having made strategic acquisitions across various sports clubs, including a majority stake in the Italian Serie B club Juve Stabia.
Tesla reverses lease buyout policy amid declining used car demand
Tesla has reversed its policy prohibiting lease buyouts, which was initially aimed at using returned vehicles for a robotaxi fleet that never materialized. Instead, the company has been selling off-lease cars at auction after upgrading them with software features, misleading lessees about their intended use. As demand for used Teslas declines, this shift reflects the company's struggle to maintain vehicle values amid rising competition and changing consumer sentiment.
KBC reports stronger than expected profit in first quarter
Belgian bank KBC reported a first-quarter profit that exceeded analysts' expectations. The strong financial performance highlights the bank's resilience and effective management in a challenging economic environment.
KBC acquires 365.bank in Slovakia for 761 million euros
KBC Groep has agreed to acquire a 98.45% stake in Slovakia's 365.bank for 761 million euros ($851.7 million), aiming to enhance its presence in Slovakia and Central and Eastern Europe. CEO Johan Thijs emphasized the importance of this acquisition for geographical diversification and market leadership. The transaction is expected to impact KBC's CET1 ratio by approximately 50 basis points.
KBC acquires majority stake in Slovak bank 365.bank for 761 million euros
KBC Group is acquiring a 98.45% stake in Slovakian bank 365.bank from J&T Finance Group for 761 million euros ($850.3 million), enhancing its footprint in Slovakia and Central and Eastern Europe. The deal, which values 365.bank at a 3.7% market share by assets as of December 2024, is expected to finalize by year-end, pending regulatory and antitrust approvals.
KBC Group reports strong first quarter profit amid economic uncertainty
KBC Group reported a net profit of 546 million euros for Q1 2025, up from 506 million euros a year earlier, driven by increased insurance revenues and trading income. The bank's loan portfolio grew by 2% quarter-on-quarter, while customer deposits rose 7% year-on-year. KBC also announced plans to acquire 98.45% of 365.bank in Slovakia for 761 million euros, aiming to enhance its retail banking presence and achieve synergies with its existing operations.
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