Talanx takes over Latin America business from insurer Liberty Mutual
HANNOVER – The insurance group Talanx is taking over the Latin American business of the US insurer Liberty Mutual Insurance for the equivalent of around 1.38 billion euros. The business will be handled by the subsidiary HDI International, announced the MDax Group (MDAX) on Saturday in Hanover. The purchase includes Liberty’s private customer business in Brazil, Chile, Colombia and Ecuador and has a gross premium volume equivalent to around EUR 1.7 billion. The completion of the transaction is still subject to antitrust approvals and, according to Talanx, is expected for the first half of 2024.
Team meeting instead of title party: BVB mourns lost championship opportunity
DORTMUND – Instead of 300,000 fans around the Borsigplatz, 100 die-hards were waiting for the Dortmund (BVB (Borussia Dortmund)) team at the training ground. On the day after the dramatic outcome of the championship, the process of coming to terms with the title trauma started with a season-ending meeting of the district club. Captain Marco Reus drove up at 10:43 a.m.
Economist Brunetti: Megabank UBS is far too big for Switzerland
ZURICH – According to the Bernese economics professor Aymo Brunetti, the bank UBS has become much too big for Switzerland after the takeover of Credit Suisse (Credit Suisse (CS)). Even a spin-off of Credit Suisse’s Swiss business by UBS would not solve the fundamental problem that Switzerland had with the new megabank, Brunetti told the “Sonntagszeitung”.
‘Image’: Guerreiro leaves Borussia Dortmund
DORTMUND – The decision about the future of the Dortmund (BVB (Borussia Dortmund)) football professional Raphael Guerreiro has been made according to information from “Bild”. Accordingly, the 29-year-old Portuguese national player will leave the Bundesliga second. As the newspaper reports, the 2016 European champion is said to have been said goodbye to sports director Sebastian Kehl, managing director Hans-Joachim Watzke and coach Edin Terzic at a team meeting at the end of the season on Sunday. There is no confirmation from the club yet.
Ottobock owner wants to sell more company shares
DUDERSTADT – The majority owner of the prosthesis manufacturer Ottobock, Hans Georg Näder, wants to sell further shares in the company. “As the main owner, I intend to sell another ten percent of my shares,” Näder told the “Frankfurter Allgemeine Sunday newspaper”. Näder currently holds 80 percent of the shares in the company via a holding company. 20 percent were taken over by the Swedish financial investor EQT in 2017. The financial investor wants to part with his shares, the report said. In total, 30 percent of the company will soon be up for sale. Näder announced in the newspaper that he would like to deal with possible partners in the coming months.
Abolish or recycle – UN conference discusses plastic agreement
PARIS – Huge amounts of plastic waste are a burden on the ecosystem and human health – the United Nations want to put an end to this with a globally binding agreement against plastic pollution. This will be discussed in Paris starting Monday this week – but environmentalists, the plastics industry and oil-producing countries are pursuing very different goals.
ROUNDUP 2/EU Commissioner: Twitter leaves code of conduct against disinformation
BRUSSELS – According to the EU Commission, the short message service Twitter is withdrawing from an EU agreement against the spread of disinformation on the Internet. EU Internal Market Commissioner Thierry Breton wrote on Twitter on Saturday night that the social network was leaving the voluntary EU code of conduct against disinformation. “But the commitments remain. You can run, but you can’t hide,” he wrote.
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Additional Reports
-Fewer e-cars: CO2 emissions have increased for new registrations
-Power failure in the tower of Berlin Airport affects flights
-Survey: Young adults and men more likely to favor organ donor cards
-Difficult times for bicycle dealers – stocks full, prices drop
-Press: The proportion of young smokers is rising sharply
Association: Delivery bottlenecks for mobile homes have eased
-The Germans send far fewer text messages than they used to
-Doctor President doesn’t always feel the need for frequent new prescriptions
-Housing industry welcomes improvements to the heating law
-ROUNDUP/’Narrow solution corridor’: Building climate plan 2045 at risk of failure°
Customer Note:
ROUNDUP: You read a summary in the company overview. There are several reports on the dpa-AFX news service on this subject.
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