ATOZ Services, a Luxembourg-based service provider to alternative funds, has agreed to acquire 100% of ME Business Solutions (MEBS). Completion of this transaction is subject to regulatory approval.
Luxembourg and McLean, VA, 30 April 2024 — SES S.A. (“SES”) and Intelsat S.A. (“Intelsat”) announce an agreement for SES to acquire Intelsat through the purchase of 100% of the equity of Intelsat Holdings S.a.r.l. for a cash consideration of $3.1 billion (€2.8 billion) and certain contingent value rights.
Encevo acquired a software that operates charging stations for electric cars from a bankrupt Belgian company last week, Luxembourg's majority-state-owned energy company announced on Monday. For the full text of this article we refer you to consult the Luxtimes article HERE.
First National Trustee Company (FNTC), an IQ-EQ company who serves the timeshare industry internationally, announced that they are expanding their suite of services in the US, with the acquisition of PCS Holdings (PCS), the title agency affiliated with Eck, Collins & Richardson, PL (ECR). The transaction is effective on 12 April.
Luxembourg, 20 March 2023 – The buyout of failing Credit Suisse by competitor UBS is unconvincing and will not soothe markets for the time being. This is what Moventum’s Managing Director and Head of Asset Management Carsten Gerlinger anticipates. “In effect, a façade is being puttied with a lot of political central bank money, but it is the engine room at Credit Suisse that is burning”, says Gerlinger. “Hence, a new Swiss problem bank could emerge from combining a strong bank and a weak one.”
The recent Credit Suisse proposed acquisition by UBS and the saga of the collapse of several banks in the US (SVB and Signature Bank), may be a trigger that it is time to rethink banking regulation.
