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Meidur
Klakki (known as Exista until 2011) is an Icelandic financial services group formerly listed on the Iceland Stock Exchange. Its activities are based primarily on insurance underwriting and other financial services, although it is also active in investments. The group's primary market is the Nordic countries. History According to a report, Luxembourg-registered ''Compagnie Financiere Scandinave'' was renamed the ''Scandinavian Holding'' a month after incorporation. Later it was renamed ''Meidur S.A.''.. Another copy: . An automatic translation: Meidur changed its name to Exista. Exista was founded in 2001 by a consortium of Icelandic savings banks as a vehicle to hold shares in Kaupthing Bank. A controlling shareholding in Exista was sold to a holding company of Bakkavör founders Ágúst and Lýdur Gudmundsson in 2002. In September 2006 the firm was floated on the Iceland Stock Exchange in a €2.6 billion initial public offering, the biggest in the country's history. The Gudm ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kaupthing Bank
Kaupthing Bank (, ) was a major international Icelandic bank, headquartered in Reykjavík, Iceland. It was taken over by the Icelandic government during the 2008–2011 Icelandic financial crisis and the domestic Icelandic-based operations were spun into a new bank ''New Kaupthing'', which was subsequently renamed Arion banki, Arion Banki. All the non-Icelandic assets and debts remained with the now defunct Kaupthing Bank. Prior to its collapse, it also allegedly loaned money to various parties with the purpose of buying Kaupthing shares. Prior to its collapse, Kaupthing Bank operated in thirteen countries, including all the Nordic countries, the Netherlands, Belgium, Luxembourg, Switzerland, the United Kingdom and the United States. It was the seventh-largest bank in the Nordic Region, Nordic countries in terms of market capitalization. The bank had employed over 3,300 people with 36 retail Branch (banking), branches in Iceland. As of 31 December 2007, the bank had a total asse ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Holding Company
A holding company is a company whose primary business is holding a controlling interest in the Security (finance), securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own Share capital, stock of other companies to create a corporate group. In some jurisdictions around the world, holding companies are called parent companies, which, besides holding Share capital, stock in other companies, can conduct trade and other business activities themselves. Holding companies reduce risk for the shareholders, and can permit the ownership and control of a number of different companies. ''The New York Times'' uses the term ''parent holding company''. Holding companies can be subsidiaries in a Subsidiary#Tiered subsidiaries, tiered structure. Holding companies are also created to hold assets such as intellectual property or trade secrets, that are protected from the operating company. That creates a smaller risk when it comes ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unlike regional branches or divisions, subsidiaries are considered to be distinct entities from their parent companies; they are required to follow the laws of where they are incorporated, and they maintain their own executive leadership. Two or more subsidiaries primarily controlled by same entity/group are considered to be sister companies of each other. Subsidiaries are a common feature of modern business, and most multinational corporations organize their operations via the creation and purchase of subsidiary companies. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, and Citigroup, which have subsidiaries involved in many different Industry (e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nordic Business Report
Nordic most commonly refers to: * Nordic countries, the northern European countries of Denmark, Finland, Iceland, Norway and Sweden, and their North Atlantic territories * Scandinavia, a cultural, historical and ethno-linguistic region in northern Europe * a native of Northern Europe * Nordic or North Germanic languages Nordic may also refer to: Relating to a racial category * Nordic race, a race group * Nordicism, the belief that Northern Europeans constitute a "master race", a theory which influenced Adolf Hitler Places * Nordic, Wyoming, a census-designated place in the United States Other uses * ''Nordic'' (tug), a German emergency tow vessel * Nordic race, a race from the fictional ''The Elder Scrolls'' game series * THQ Nordic, a video game development company * Nordic the Incurable, pen name of Finnish journalist Risto Hieta * '' Ys X: Nordics'', a 2023 video game See also * * Norse (other) * Norden (other) * North, a noun, adjective, or adverb ind ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |