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Dual-listed
A dual-listed company or DLC is a corporate structure in which two corporations function as a single operating business through a legal equalization agreement, but retain separate legal identities and stock exchange listings. Virtually all DLCs are cross-border, and have tax and other advantages for the corporations and their stockholders. In a conventional merger or acquisition, the merging companies become a single legal entity, with one business buying the outstanding shares of the other. However, when a DLC is created, the two companies continue to exist, and to have separate bodies of shareholders, but they agree to share all the risks and rewards of the ownership of all their operating businesses in a fixed proportion, laid out in a contract called an "equalization agreement". The equalization agreements are set up to ensure equal treatment of both companies’ shareholders in voting and cash flow rights. The contracts cover issues that determine the distribution of these ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ninety One Plc
Ninety One is an Anglo-South African asset management business, based in London and Cape Town and dual-listed on the London Stock Exchange and the Johannesburg Stock Exchange. It is a constituent of the FTSE 250 index. History The company was formed as Investec Asset Management in 1991. It changed its name to Ninety One in spring 2020: the new name is in recognition of the brand's heritage, as it was in 1991 that the investment firm was started in South Africa. The company was demerged from Investec Investec is an Anglo-South African international banking and wealth management group. It provides a range of financial products and services to a client base in Europe, Southern Africa, and Asia-Pacific. Investec is dual-listed on the London S ... in March 2020. It had been envisaged that 10% of the stock would be offered to the public but Investec decided to retain 25% (rather than just 15% as originally planned) because of market conditions. References External links * ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Investec
Investec is an Anglo-South African international banking and wealth management group. It provides a range of financial products and services to a client base in Europe, Southern Africa, and Asia-Pacific. Investec is dual-listed on the London Stock Exchange and the Johannesburg Stock Exchange. It is a constituent of the FTSE 250 index. History Investec was founded as a small leasing and financing company in 1974 in Johannesburg, South Africa, by Larry Nestadt, Errol Grolman and Ian Kantor. It has expanded through growth and acquisitions. It secured a banking licence in 1980 and was first listed on the JSE Securities Exchange in South Africa in 1986, after merging with Metboard, a trust company. In 1988, Investec Bank Limited was restructured into Investec Group Limited ("IGL"), giving Investec Management and staff control of the company. In 1990, Investec acquired property management company I. Kuper & Company (Pty) Limited, Corporate Merchant Bank Limited (formerly Hill Samu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Carnival Corporation & Plc
Carnival Corporation & plc is a British-American cruise operator with a combined fleet of over 100 vessels across 10 cruise line brands. A dual-listed company, Carnival is composed of two companies – Panama-incorporated, US-headquartered Carnival Corporation, and UK-based Carnival plc – which function as one entity. Carnival Corporation is listed on the New York Stock Exchange, whereas Carnival plc is listed on the London Stock Exchange with an American depositary receipt, ADR listing on the NYSE. Carnival is listed in both the S&P 500 and FTSE 250 indices. The American entity Carnival Corporation has headquarters in the United States, with operational headquarters located in the city of Doral, Florida. The UK entity Carnival plc is based in Southampton. History Carnival Corporation was founded as Carnival Cruise Line in 1972. The company grew steadily throughout the 1970s and 1980s, making an initial public offering on the New York Stock Exchange in 1987. The capital gener ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rio Tinto (corporation)
Rio Tinto Group is an Anglo-Australian multinational company that is the world's second-largest metals and mining corporation (behind BHP). The company was founded in 1873 when of a group of investors purchased a mine complex on the Rio Tinto, in Huelva, Spain, from the Spanish government. It has grown through a long series of mergers and acquisitions. Although primarily focused on extraction of minerals, Rio Tinto also has significant operations in refining, particularly the refining of bauxite and iron ore. Rio Tinto has joint head offices in London (global and "plc") and Melbourne ("Limited" Australia).Suburbs & Postcodes " |
Thomson Reuters
Thomson Reuters Corporation ( ) is a Canadian multinational media conglomerate. The company was founded in Toronto, Ontario, Canada, where it is headquartered at the Bay Adelaide Centre. Thomson Reuters was created by the Thomson Corporation's purchase of the British company Reuters Group in April 2008. It is majority-owned by The Woodbridge Company, a holding company for the Thomson family. History Thomson Corporation The forerunner of the Thomson company was founded by Roy Thomson in 1934 in Ontario, as the publisher of ''The Timmins Daily Press''. In 1953, Thomson acquired the ''Scotsman'' newspaper and moved to Scotland the following year. He consolidated his media position in Scotland in 1957, when he won the franchise for Scottish Television. In 1959, he bought the Kemsley Group, a purchase that eventually gave him control of the '' Sunday Times''. He separately acquired the ''Times'' in 1967. He moved into the airline business in 1965, when he acquired Britanni ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
SmithKline Beecham
GSK plc, formerly GlaxoSmithKline plc, is a British multinational pharmaceutical and biotechnology company with global headquarters in London, England. Established in 2000 by a merger of Glaxo Wellcome and SmithKline Beecham. GSK is the tenth largest pharmaceutical company and #294 on the 2022 ''Fortune'' Global 500, ranked behind other pharmaceutical companies China Resources, Sinopharm, Johnson & Johnson, Pfizer, Roche, AbbVie, Novartis, Bayer, and Merck. The company has a primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index. , it had a market capitalisation of £70 billion, the eighth largest on the London Stock Exchange. It has a secondary listing on the New York Stock Exchange. The company developed the first malaria vaccine, RTS,S, which it said in 2014 it would make available for five percent above cost. Legacy products developed at GSK include several listed in the World Health Organization's List of Essential Medicines, such ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Perfetti Van Melle
Perfetti Van Melle is an Italian-Dutch multinational company of confectionery and gum, It was formed in 2001 with the merger of the Perfetti of Italy, and the Van Melle of the Netherlands. Perfetti Van Melle is headquartered in Lainate, Italy, and Breda, Netherlands. Perfetti Van Melle is the sixth largest confectionery manufacturer in the world. It employs 17,000 people via 30 subsidiary companies and distributes its products in over 159 countries. Products Some of the brands are: *Airheads * Alpenliebe *Aprilla *Big Babol *Brooklyn *Center Fresh *Center Shock *Chlormint *Chocoliebe *Chupa Chups *Filly Folly * Frisk * Fruittella *Golia *Happydent * Klene * Marbels *Meller *Mentos *Smint Smint is a brand of breath mints. These sugar-free mint candies have a rounded triangular shape and many are engraved with an "S". History Smint was first conceived by Chupa Chups in 1990. In the 1990s, Chupa Chups targeted adult customers who ... *Vigorsol *Vivident References ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Zurich Insurance Group
Zurich Insurance Group Ltd is a Swiss insurance company, headquartered in Zürich, and the country's largest insurer. As of 2021, the group is the world's 112th largest public company according to ''Forbes'' Global 2000s list, and in 2011 it ranked 94th in Interbrand's top 100 brands. Zurich is a global insurance company which is organized into three core business segments: General Insurance, Global Life and Farmers. Zurich employs 55,000 people, with customers in 215 countries and territories. The company is listed on the SIX Swiss Exchange. As of 2012, it had shareholders' equity of $34.494 billion.ZIG profile , zurich.com; accessed 27 April 2014. Company history Zurich Insurance Company (1872–1998) The company was founded in 1 ...[...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Brambles Limited
Brambles Limited is an Australian company that specialises in the pooling of unit-load equipment, pallets, crates and containers. It is listed on the Australian Securities Exchange. History Brambles traces its history to 1875, when Walter Bramble established a butchery business in Newcastle, the operations of which he gradually expanded into transport and logistics. Brambles was listed on the Australian Securities Exchange in 1954, as W E Bramble & Sons Limited and entered the pallet pooling business in 1958 through the purchase of the Commonwealth Handling Equipment Pool (CHEP), from the Australian Government. This same year the company changed its name to Brambles Industries Limited and moved its head office from Newcastle to Sydney.History Brambles In 1970, Brambles entered the waste disposal market with the purchase of the Australian subsidia ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dexia
Dexia N.V./S.A., or the Dexia Group, is a Franco-Belgian financial institution formed in 1996. At its peak in 2010, it had about 35,200 members of staff and a core shareholders' equity of €19.2 billion. In 2008, the bank entered severe financial difficulties and received taxpayer bailouts for €6 billion, and it became the first big casualty of the 2011 European sovereign debt crisis. Due to big losses, suffered among others from the debt haircut on Greek government bonds, and an orderly resolution process began in October 2011. As part of the resolution, Dexia Bank Belgium was bought out from the Dexia group by the Belgian state and has continued to operate, since March 2012 under the new name Belfius. The French bank focused on local government lending was restructured as . The remaining part of the Dexia group was left in a "bad bank", still called Dexia, to be gradually wound down. Profile In the 2010 Fortune Global 500 (which lists companies by total inc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fortis (finance)
Fortis, formally Fortis N.V./S.A., was a Benelux-centered global financial services group active in insurance, banking and investment management, initially formed in 1990 by a three-way Belgian-Dutch merger and headquartered in Brussels. It grew rapidly through multiple acquisitions, and in 2007 was the 20th largest financial services business in the world by revenue. It was listed on the Euronext Brussels, Euronext Amsterdam, and Luxembourg stock exchanges. Fortis encountered severe problems in the financial crisis of 2008, not least as a consequence of participating in 2007 in the joint acquisition of ABN AMRO together with Royal Bank of Scotland Group and Banco Santander. It received an emergency bailout from the governments of Belgium and the Netherlands and was broken up soon thereafter. As a consequence: * Fortis Bank Nederland was nationalised by the Dutch government and merged in July 2010 with ABN AMRO's former Dutch operations, which had not yet been integrated with Fo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Getlink
Getlink, formerly Groupe Eurotunnel, is a European public company based in Paris that manages and operates the infrastructure of the Channel Tunnel between England and France, operates the Eurotunnel Shuttle train service, and earns revenue on other trains that operate through the tunnel (Eurostar passenger and DB Schenker freight). Groupe Eurotunnel was established on 13 August 1986 to finance, build, and operate the Channel Tunnel under a concession granted by the French and British governments. The tunnel was constructed between 1988 and 1994 by TransManche Link (TML) under a contract issued by Groupe Eurotunnel; construction costs would overrun considerably, from TML's original estimate of £4.7 billion to the final cost of £9.5 billion. On 6 May 1994, the completed tunnel was officially opened. Its rail infrastructure comprises of double track railway in the main tunnels, plus extensive surface-level terminal facilities at Folkestone in England and Calais i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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