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Lonrho Plc
Lonrho is a London-based conglomerate that was established in 1998 as Lonrho Africa plc. It is engaged in multiple business sectors in Africa, mainly agribusiness, infrastructure, transport, hospitality and support services. History Lonrho traces its roots to the original Lonrho plc (now Lonmin), a company which was incorporated in the United Kingdom on 13 May 1909 as the London and Rhodesian Mining and Land Company Limited. Lonrho plc grew to be one of the world's largest companies, with over 800 subsidiary companies in 80 countries. One previous CEO of Lonrho plc was the controversial Tiny Rowland (1917–1998), a corporate raider who ran the firm from 1962 to 1993. Scholars have noted that while he may have been the "unacceptable face of capitalism", in the words of Edward Heath, Lonrho plc actually worked in tandem with the British government in protecting British business interests in Africa after independence. The current company named Lonrho was formed on 26 Februar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fastjet
Fastjet Limited is a UK based holding company of fastjet Zimbabwe, an airline operating in Africa. The airline was initially created following the acquisition of Fly540, an airline operating in East Africa; flights in fastjet's own name commenced in November 2012 in Tanzania. Fastjet Zimbabwe commenced flights in October 2015, and Fastjet Mozambique in November 2017. Plans have also been announced for domestic operations in South Africa. History Initial proposals In June 2012, to start the operations, Rubicon Diversified Investments Plc (later renamed Fastjet Plc) completed the acquisition of Lonrho's airline division for a transaction value of US$85.7m, satisfied by the issue of Rubicon ordinary shares to Lonrho. Key shareholders in the enlarged company would be Lonrho and Sir Stelios Haji-Ioannou, through his easyGroup Holdings Limited (“easyGroup”). The airline division acquired included the African regional airline Fly 540, operating in Kenya, Sudan, Tanzania and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rainer-Marc Frey
Rainer-Marc Frey (born January 10, 1963) is a Swiss businessman and investor. He has substantially shaped the Swiss financial services sector and the international hedge fund industry. Career Rainer-Marc Frey was born on January 10, 1963, in the Swiss canton of Basel-Landschaft. Following his Matura graduation in economics at the Gymnasium of Liestal, he studied economics at the renowned University of St. Gallen. He graduated summa cum laude with a degree in economics (lic. oec. HSG) in 1986. After his studies, he gained his first professional experience at the American investment banks Merrill Lynch and Salomon Brothers and quickly rose in the ranks. At Salomon Brothers, he opened new trading departments in Zürich and Frankfurt. He left the firm in 1992 and founded his own hedge fund – the RMF Investment Group - along with two partners in Zug. RMF Investment Group The investment thesis of hedge funds, i.e. achieving above average returns compared to the reference mark ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Thomas Schmidheiny
Thomas Schmidheiny (born 17 December 1945) is a Swiss billionaire businessman, and the former chairman of cement manufacturer Holcim. Early life Thomas Schmidheiny was born in 1945, the son of Max Schmidheiny (1908-1991). The family's construction materials empire (bricks, cement, etc.) was divided in 1984, with Thomas inheriting Holcim, the concrete and cement company, and his brother Stephan, also a billionaire, was given the construction company Eternit. Career Until 2003, Schmidheiny was the chairman of Holcim, one of the world's leading cement manufacturers, founded by his grand-uncle in 1912. Schmidheiny resigned his chairmanship as part of a deal to settle an investigation of insider trading in Spain. He has remained on the Board since that time. Since the merger between Holcim and Lafarge Thomas Schmidheiny retains 11.4% of the company Lafarge-Holcim and is the biggest shareholder of the firm. Education Schmidheiny holds a doctorate from Tufts University and a bachelo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
OTC Markets Group
OTC Markets Group (previously known as Pink Sheets) is an American financial market providing price and liquidity information for almost 10,000 over-the-counter (OTC) securities. The group has its headquarters in New York City. OTC-traded securities are organized into three markets to inform investors of opportunities and risks: OTCQX, OTCQB and Pink. History The company was first established in 1913 as the National Quotation Bureau (NQB). For decades, the NQB reported quotations for both stocks and bonds, publishing the quotations in the paper-based Pink Sheets and Yellow Sheets respectively. The publications were named for the color of paper on which they were printed. NQB was owned by CCH from 1963 to 1993. In September 1999, the NQB introduced the real-time Electronic Quotation Service. The National Quotation Bureau changed its name to Pink Sheets LLC in 2000 and subsequently to Pink OTC Markets in 2008. The company eventually changed to its current name, OTC Markets G ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
JSE Limited
JSE Limited (previously the JSE Securities Exchange and the Johannesburg Stock Exchange) is the largest stock exchange in Africa. It is located in Sandton, Johannesburg, South Africa, after it moved from downtown Johannesburg in 2000. In 2003 the JSE had an estimated 473 listed companies and a market capitalisation of US$182.6 billion (€158 billion), as well as an average monthly traded value of US$6.399 billion (€5.5 billion). As of March 2022, the market capitalisation of the JSE was at US$1.36 trillion. History The discovery of gold on the Witwatersrand in 1886 led to many mining and financial companies opening and a need soon arose for a stock exchange. The first share transactions on the Rand took place in a rustic canvas tent, with trade taking place on Sundays, as this was the only day when mining was not allowed, owing to a strictly enforced regulation prohibiting the entry of African workers to the gold reefs. The ''Johannesburg Exchange & Chambers Company'' was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
London Stock Exchange
London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Paul's Cathedral in the City of London. Since 2007, it has been part of the London Stock Exchange Group (LSEG, that it also lists ()). The LSE was the most-valued stock exchange in Europe from 2003 when records began till Autumn 2022, when the Paris exchange was briefly larger, until the LSE retook its position as Europe’s largest stock exchange 10 days later. History Coffee House The Royal Exchange had been founded by English financier Thomas Gresham and Sir Richard Clough on the model of the Antwerp Bourse. It was opened by Elizabeth I of England in 1571. During the 17th century, stockbrokers were not allowed in the Royal Exchange due to their rude manners. They had to operate from other establishments in the vicinity, notably Jona ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fly540
Five Forty Aviation Ltd, trading as Fly540, is a low-cost airline which commenced operations in 2006 and is based in Nairobi, Kenya, operating both passenger and cargo services. The airline had two subsidiary airlines, Fly540 Ghana (suspended in May 2014 and since sold) and Fly540 Angola (suspended in May 2014), but has since focused its business expansion plans on East Africa. The company slogan was ''Your Local Airline.'' History Initial domestic services Fly540 started operations between Nairobi and Mombasa on November 24, 2006. The airline's name refers to its price of KSh5,540 per adult return fare between the above-mentioned cities.'' The Standard'', January 18, 2007''The new kite in the skies''/ref> Lonrho Africa was a major investor in the company, paying US $1.5 million for a 49% stake. Passenger numbers rose by 93% to 171,160 in the year ended 30 September 2008, from 88,571 in 2007. At the same time, the load factor amounted to 63%, down from 65.8% in 2007. Pan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corporate Spin-off
A corporate spin-off, also known as a spin-out, or starburst or hive-off, is a type of corporate action where a company "splits off" a section as a separate business or creates a second incarnation, even if the first is still active. Characteristics Spin-offs are divisions of companies or organizations that then become independent businesses with assets, employees, intellectual property, technology, or existing products that are taken from the parent company. Shareholders of the parent company receive equivalent shares in the new company in order to compensate for the loss of equity in the original stocks. However, shareholders may then buy and sell stocks from either company independently; this potentially makes investment in the companies more attractive, as potential share purchasers can invest narrowly in the portion of the business they think will have the most growth. In contrast, divestment can also sever one business from another, but the assets are sold off rather t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Conglomerate (company)
A conglomerate () is a multi-industry company – i.e., a combination of multiple business entities operating in entirely different industries under one corporate group, usually involving a parent company and many subsidiaries. Conglomerates are often large and multinational. United States The conglomerate fad of the 1960s During the 1960s, the United States was caught up in a "conglomerate fad" which turned out to be a form of speculative mania. Due to a combination of low interest rates and a repeating bear-bull market, conglomerates were able to buy smaller companies in leveraged buyouts (sometimes at temporarily deflated values). Famous examples from the 1960s include Ling-Temco-Vought,. ITT Corporation, Litton Industries, Textron, and Teledyne. The trick was to look for acquisition targets with solid earnings and much lower price–earnings ratios than the acquirer. The conglomerate would make a tender offer to the target's shareholders at a princely premium to the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Edward Heath
Sir Edward Richard George Heath (9 July 191617 July 2005), often known as Ted Heath, was a British politician who served as Prime Minister of the United Kingdom from 1970 to 1974 and Leader of the Conservative Party (UK), Leader of the Conservative Party from 1965 to 1975. Heath also served for 51 years as a Member of Parliament (United Kingdom), Member of Parliament from 1950 to 2001. Outside politics, Heath was a yachtsman, a musician, and an author. Born to a lady's maid and a carpenter, Heath was educated at a grammar school in Ramsgate, Kent (Chatham House Grammar School for boys) and became a leader within student politics while studying at the University of Oxford. He served as an officer in the Royal Artillery during the Second World War. He worked briefly in the Civil Service (United Kingdom), Civil Service, but resigned in order to stand for Parliament, and was elected for Bexley (UK Parliament constituency), Bexley at the 1950 United Kingdom general election, 1950 el ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tiny Rowland
Roland Walter "Tiny" Rowland (; 27 November 1917 – 25 July 1998) was a British businessman, corporate raider and the chief executive of the Lonrho conglomerate from 1962 to 1993. He gained fame from a number of high-profile takeover bids, in particular his attempt to take control of Harrods. He was known for his complex business interests in Africa and his closeness to a number of African leaders. Early life He was born Roland Walter Fuhrhop on 27 November 1917 during World War I in a British internment camp for aliens outside Calcutta, India. His mother was Anglo-Dutch and his father, Wilhelm Fuhrhop, was a German export-import trader in Calcutta. Having been born in British India, he acquired automatic British citizenship by the custom of ''jus soli''. However, his parents remained "enemy aliens" for the duration of the First World War, and after the war, the Fuhrhops were refused entry into the United Kingdom. They settled in Hamburg, Germany. He was said to have been nickn ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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