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LyondellBasell in talks to sell some European assets to AEQUITA

5 Jun 2025

(Reuters) -Chemical maker LyondellBasell said on Thursday it is in exclusive talks with Munich-based investment firm AEQUITA for the sale of certain olefin and polyolefin assets in Europe. LyondellBasell launched a strategic review of its European operations last year in a bid to navigate macroeconomic volatility. Chemical companies have been struggling due to weaker demand …

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Major Stellantis car plant in Sochaux to restart production on June 6

5 Jun 2025

PARIS (Reuters) -Stellantis’ car plant in Sochaux in eastern France is expected to be restart production on Friday after a few days of stoppage due to the breakdown of its new-generation Chinese stamping press, a Stellantis spokesman told Reuters. The outage came at a critical time of precarious supplies, as the car industry faces a …

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Exclusive-Ukraine hits out at Europe’s payout from frozen Russian cash

5 Jun 2025

By Tom Balmforth and John O’Donnell KYIV/BRUSSELS (Reuters) -Ukraine’s government has criticised a decision to take billions of euros of Russian wealth frozen in Europe and hand it to Western investors, warning that it weakened Europe’s stand against Moscow. The criticism follows a move last month by Belgium’s Euroclear to take 3 billion euros ($3.4 …

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Mining stocks boost UK’s FTSE 100, midcaps hit turbulence

5 Jun 2025

(Reuters) -Britain’s benchmark FTSE 100 closed a shade higher on Thursday with mining stocks leading gains, tracking higher metal prices in a choppy session as investors looked for new developments on the trade front, while a drop in Wizz Air shares hit midcaps. The blue-chip index FTSE 100 closed 0.1% higher, marking its fifth consecutive …

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Blackstone among bidders for $800 million Paris office property, sources say

5 Jun 2025

By Iain Withers LONDON (Reuters) -Blackstone is among several bidders shortlisted to buy a more than century-old office block in Paris with a price tag of 700 million euros ($800 million), a source familiar with the matter told Reuters, in what would be one of Europe’s biggest post-pandemic office sales. The CityQuartier Trocadéro building is …

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Britain’s Centrica agrees $27 billion deal to import gas from Norway

5 Jun 2025

By Susanna Twidale LONDON (Reuters) -British Gas owner Centrica has signed a 10-year deal worth more than 20 billion pounds ($27.07 billion) with Norway’s Equinor to secure gas supplies starting in 2025, both companies said on Thursday. Britain aims to reduce its reliance on gas to help meet climate targets, but around 70% of its …

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Italy’s Chiesi Group plans acquisitions to boost sales to 6 billion euros by 2030

5 Jun 2025

By Giancarlo Navach PARMA, Italy (Reuters) -Italy’s Chiesi Group is aiming to significantly increase the number of patients it treats from around 10 million and its sales to 6 billion euros ($6.9 billion) by 2030, helped by acquisitions, its CEO Giuseppe Accogli said in an interview. The family-owned group, which provides treatment for rare diseases …

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Analysis-Boeing rebuilding trust as airline bosses see improved jet quality

5 Jun 2025

By Rajesh Kumar Singh and Tim Hepher NEW DELHI (Reuters) -Airline bosses are tentatively voicing greater confidence in Boeing’s ability to deliver jets at the right quality in a step towards ending years of reputational damage for the embattled planemaker. An annual summit of airline leaders in New Delhi this week struck a more optimistic …

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MPS CEO upbeat on Mediobanca bid take-up, but crossing 50% enough for tax benefits

5 Jun 2025

By Valentina Za and Gianluca Semeraro MILAN (Reuters) -Monte dei Paschi CEO Luigi Lovaglio expressed confidence on Thursday that the take-up for his bank’s bid for Mediobanca would be well above the level of 50% plus one share needed to unlock tax benefits. After restructuring under Lovaglio, state-backed Monte dei Paschi (MPS) in January announced …

MPS CEO upbeat on Mediobanca bid take-up, but crossing 50% enough for tax benefits Read More »

Russia’s Aeroflot to settle deals for last 36 planes leased from West

5 Jun 2025

MOSCOW (Reuters) -Russian flag carrier Aeroflot expects to sign settlement deals with Western insurers and leasing firms on the last 36 planes from a total of 228 aircraft it agreed to buy, Aeroflot head Sergei Aleksandrovski told Russian newspaper Kommersant. Aircraft leasing firms, such as AerCap and BOC Aviation have struck settlements with Russia totalling …

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