Aker will contribute as much as 1.65 billion kroner ($190 million) in cash in three tranches to SalMar Aker Ocean, which will comprise SalMar’s interests in its semi-offshore and offshore farming operations, the companies said in a statement on Thursday.
SalMar will eventually own 66.6% of the joint company, while Aker will own 33.4% through Aker Capital AS.
In a notice dated June 25, the Financial Conduct Authority (FCA) said Binance Markets Ltd, Binance’s only regulated UK entity, “must not, without the prior written consent of the FCA, carry out any regulated activities… with immediate effect”.
It also issued a warning to consumers about Binance Markets and the wider Binance group.
Denner, 64, will become a scientific adviser focused on the company’s research into quantum technology, Bosch said Thursday in an emailed statement. The CEO changeover and additional management appointments take effect on January 1, 2022.
Denner navigated the world’s largest maker of vehicle components through the fallout of Volkswagen AG’s diesel-emissions scandal and the dramatic industry slump triggered by the Covid-19 pandemic. He transformed Bosch’s sprawling operations to focus on technology for the so-called Internet of things that connects products from car parts to refrigerators and power tools to the web.
The 220-metre vessel is due to launch in 2024 and will provide buyers with “the intimacy of a private yacht alongside the chance to network in a vibrant community of like-minded owners”, its investors said as they announced the €500m project on Monday.
Somnio will be more than 40 metres longer than the current record holder Azzam, owned by the Abu Dhabi royal family. The project has been spearheaded by Carl Le Souef, a US millionaire who founded Private Formula International, a skincare company, and now runs Somnio Global, a sustainable technology group.
The Bitcoin Fund, that invests in long-term holdings of the cryptocurrency and was the first of its type to be listed on a major exchange, expanded to Nasdaq Dubai last week to ensure trading to all hours around the globe.
In Israel, where a recent central bank study concluded a digital currency could have a positive impact on the economy, Ethereum was picked for a trial of the payment system.
There was a word of caution, however. Qatar’s Chief Investment Authority Chief Executive Officer Mansoor Bin Ebrahim Al Mahmoud told Bloomberg’s Qatar Economic Forum that cryptocurrencies “need a bit of maturity before we make our view about investing.”
Shares in vaccine maker Changchun BCHT Biotechnology rose by 226% from their IPO price on debut on the STAR board at the Shanghai Stock Exchange to close at 118.5 yuan. That left President Kong Wei’s 25% stake worth 12 billion, or nearly $1.9 billion.
Founded in 2004, the company is a spinoff from the Changchun High & New Technology Industry (Group), which holds 41% of its shares.
Three of the companies plumbed new lows this week as short-seller attacks, management turmoil and execution issues lead investors to reconsider their prospects. They’ve lost more than $40 billion of market capitalization combined from their respective peaks.
LVMH Moët Hennessy Louis Vuitton—the 70-brand empire including Louis Vuitton, Christian Dior and Givenchy—just hit record sales this quarter. According to the luxury giant’s most recent earnings report, its Fashion & Leather Goods division revenue surpassed $8 billion.