Latest news with #subsidiary
Wall Street Journal
2 days ago
- Business
- Wall Street Journal
Rheinmetall Establishes New Subsidiary in South Africa
Rheinmetall RHM 1.70%increase; green up pointing triangle said it has established a new subsidiary in South Africa, Rheinmetall Resonant South Africa. The German arms maker said upon getting approval from the relevant authorities, its Rheinmetall Waffe Munition business holds a 51% stake in the joint venture.
NHK
2 days ago
- Business
- NHK
Challenges for US Steel acquisition deal
Japan's Nippon Steel is hoping to advance negotiations on a national security agreement with the White House to acquire US Steel and operate it as a wholly owned subsidiary, but challenges remain.
Reuters
23-05-2025
- Business
- Reuters
Hensoldt to sell South African optronics business, says source
May 23 (Reuters) - German defence electronics maker Hensoldt ( opens new tab plans to divest its optronic subsidiary in South Africa, a source familiar with the matter told Reuters on Friday. The source said that the firm is in talks with around twenty parties for the transaction to divest the subsidiary, which generates around 15 million euros ($17.02 million) but operates at a loss. Hensoldt, which produces radar and high precision optics used in aircraft, ships and tanks, declined to comment. The news agency Bloomberg first reported on the plan. The subsidiary produces, among other things, cameras for helicopters and drones. ($1 = 0.8814 euros)
Zawya
19-05-2025
- Business
- Zawya
Saudi Arabia's PIF opens subsidiary company office in Paris
Saudi Arabia's sovereign wealth fund, Public Investment Fund, announced in a statement on Monday the opening of a new subsidiary company office in Paris. "The new office reflects PIF's approach to engaging closely with local partners, leading businesses and institutional investors," the statement said. (Reporting by Tala Ramadan Editing by Ros Russell)
Argaam
18-05-2025
- Business
- Argaam
Rawasi Albina incorporates, registers new subsidiary
Rawasi Albina Investment Co. announced the completion of the incorporation process and the issuance of the commercial registration for its wholly owned subsidiary, Nomu Al Jazeera Co., a single-member limited liability company with a capital of SAR 5,000. In a statement on Tadawul, Rawasi Albina pointed out that the new entity will commence operations upon completing all administrative and technical setup requirements. The subsidiary will operate in the field of investment activities. Key establishment requirements are fulfilled, and there are no associated costs with this event during the current period, the statement noted. Any financial impact will be disclosed once determined. According to data available on Argaam, Rawasi Albina announced that its board of directors approved, on May 14, the establishment of a limited liability company headquartered in Riyadh. The newly established entity will serve as the investment arm for the company's future strategic plans and will be 100% owned by Rawasi Albina.
