Stellantis and Renault dismiss merger rumors, but
Executives at Strantis and Renault have firmly denied merger rumors, saying they were speculation without any substance. Italian media claimed that the two groups could work together to create "the Airbus of the automotive industry." In addition, it is reported that BMW may form a strategic automotive alliance with Stellantis and Renault. Executives at Stellantis and Renault have firmly dismissed reports that the two car-making giants could merge to form a new automotive superpower, dismissing the claims as pure speculation. var adpushup = window.adpushup = window.adpushup || {que:()}; adpushup.que.push(function() { if (adpushup.config.platform !== "DESKTOP"){ adpushup.triggerAd("4d84e4c9 -9937-4f84-82c0-c94544ee6f2a"); } else{ adpushup.triggerAd(" 6a782b01-facb-45f3-a88f-ddf1b1f97657"); } }); Earlier this year, rumors of a possible merger between Stellantis and Renault were largely driven by reports in Italian media. A recent report in First Online said the goal of such a merger would be to create a new European auto giant, one capable of replacing Toyota as the world's largest automaker. The report also suggested the combined…
A sales guide for new events from businesses
CHICAGO — An Oaklins DeSilva+Phillips team of financial advisory professionals has published “Selling Your Events Business: Strategies for Founders, Owners and Senior Executives,” a guide that details what event business owners should do when selling their companies. Necessary steps and precautions. Divided into easy-to-digest chapters, the guide details the post-pandemic market landscape, signs an owner is ready to sell, best practices for valuing the business and developing an exit strategy, as well as pitching the business to buyers, negotiation strategies, and navigating the due diligence process and complete the transaction. trade show director Speak with the guide's authors Ken Sonenclar, managing director at Oaklins DeSilva+Phillips, and Reed Phillips, the firm's managing partner, about the process of selling an event business and their thoughts on the most important things business owners should know. Prove value Both Sonamkra and Phillips emphasized that demonstrating growth and opportunities for growth is important in the process of selling a business. "Most buyers will pay for…
Australia: Treasury publishes proposed merger notification
brief Today, the Australian Treasury released a consultation paper on the proposed monetary and market share thresholds that would trigger the requirement to notify an acquisition to the Australian Competition and Consumer Commission (ACCC).Australian Competition and Consumer Commission) is part of the federal government’s proposed new mandatory merger control regime. Transactions proposed to meet either threshold must be notified to and approved by the ACCC, and there are penalties for failing to notify or for proceeding with a notifiable merger without prior notification to the ACCC. The consultation document is available here and submissions close on September 20, 2024. The proposed merger notification thresholds include a monetary threshold and a market concentration threshold. The proposed thresholds are shown in the table below and have been published in the consultation document. The consultation paper states that the proposed thresholds are based on international practice and available ACCC data. These thresholds are designed to target anti-competitive and economically significant acquisitions, including serial…
What is a merger? – Import and export licenses
When trying to use the various features of electronic tax filing, such as applying for a customs code or trying to obtain an Advance Payment Notification Number (APN), encountering a consolidation error can be a frustrating obstacle. But what exactly is a consolidation error? And how can you deal with it effectively? Let’s delve into the complexities of consolidation errors and explore the steps to resolve them. What is a merge error? According to the South African Revenue Service (SARS), consolidation errors can arise from incorrect or mismatched information in one or more of a taxpayer’s tax categories. Tax categories are products of the South African Revenue Service, such as income tax, PAYE, VAT, UIF, customs duties, etc. Listed below are some common causes of consolidation errors: The registered SARS representative for a particular tax category is missing or the details of the SARS registered representatives for different tax categories do not match. The contact details of the SARS registered…
Explore the latest exhibition information and industry trends at ASAP Expo Magazine. Your one-stop platform, bringing together global exhibition highlights, industry trends and in-depth analysis, to help companies accurately connect with the market and seize business opportunities.
