Author: PageOne

Onex to acquire KidsFoundation
Global

Onex to acquire KidsFoundation

Onex Corporation said it has agreed to acquire KidsFoundation Holdings B.V., in partnership with the existing management team. KidsFoundation is the largest childcare provider in the Netherlands. The transaction is expected to close later this year, subject to customary conditions and regulatory approvals. The terms of the transaction are not […]

Ecobank names Patrick Akinwuntan MD & Regional Executive
Big Business

Ecobank names Patrick Akinwuntan MD & Regional Executive

The Board of Directors of Ecobank Transnational Incorporated (ETI) has announced the appointment of Patrick Akinwuntan as the Managing Director & Regional Executive – designate of Ecobank Nigeria, subject to applicable regulatory approvals. Prior to this appointment, Patrick Akinwuntan was the Group Executive, Consumer Banking responsible for leading the Consumer […]

Steinhoff signs lock-up agreement on its debt pile
Global JSE SENS

Steinhoff signs lock-up agreement on its debt pile

South Africa’s Steinhoff Investment Holdings Limited said it has started the process for a lock-up agreement in connection with the restructuring of the financial indebtedness of the Company. The indebtedness relates to Steinhoff Europe AG, Steinhoff Finance Holding GmbH and Stripes US Holding Incorporated. See details below: The Company also […]

Unilever says revenue fell by 5% in Q2
Big Business

Unilever says revenue fell by 5% in Q2

London-based Unilever said its turnover decreased 5.0% including an adverse translational currency impact of (8.9)%. Speaking on the result, Commenting on the results, CEO Paul Polman says: “Our first half results show solid volume-driven growth across all three divisions, which was achieved despite the effects of an extended truckers’ strike […]

Publicis appoints Enver Kikava to head Ukrainian unit
Global

Publicis appoints Enver Kikava to head Ukrainian unit

Publicis Groupe said it has appointed of Enver Kikava as Chief Executive Officer in Ukraine to strengthen and accelerate the Groupe’s offering across the country. The company said Kikava will report to Oleg Popenko, CEO Eastern Europe (Ukraine, Latvia, Lithuania, Estonia and Kazakhstan), part of the Groupe’s Central & Northern […]