Thu Apr 21, 2016/Reuters Volkswagen (VOWG_p.DE) shares jumped more than 6 percent early on Thursday on expectations that the carmaker was close to reaching a deal to buy back 500,000 diesel cars in the United States in a step toward resolving an emissions rigging scandal. Regulators and prosecutors around the […]
Tag: German
VW institutional investors file $3.61 billion suit in Germany
Mon Mar 14, 2016/Reuters Almost 300 institutional investors in Volkswagen have filed a multi-billion euro suit against the carmaker for what they see as breaches of its capital markets duty in the emissions scandal, the law firm representing them said. The lawsuit, for damages of 3.256 billion euro ($3.61 billion), […]
Deutsche Telekom to Pay $1.1 Billion in Czech Unit Buyout
Deutsche Telekom AG (DTE), Germany’s biggest phone company, agreed to fully take over its Czech phone unit from investors including Mid Europa Partners LLP, according to the private-equity firm. The owner of the T-Mobile brand will pay 828 million euros ($1.1 billion) for a remaining stake of 39.2 percent from […]
