On Tuesday, Reuters reported that Brazil’s Suzano has expressed interest in acquiring US-based International Paper Company (IP) in a cash-only deal.
The report, citing individuals familiar with the situation, indicated that the deal could be worth nearly $15 billion.
The Brazilian pulp and paper producer’s approach comes shortly after International Paper agreed to buy British packaging specialist DS Smith for $7.2 billion.
The acquisition of DS Smith is expected to close by the end of 2024. However, Reuters noted that this timetable could change if Suzano went ahead with its bid for International Paper.
Suzano reportedly verbally conveyed to International Paper’s board an offer to pay $42 per share. There is also information that a formal offer will be published soon.
International Paper stock rose in value on Tuesday and is now trading 6% above Monday’s closing price of $39.15 per share. The stock price rose to a high of more than $41.
However, Reuters, citing sources, said International Paper was likely to reject Suzano’s offer, saying it was too low.
Suzano’s offer is said to be conditional on International Paper withdrawing from its deal with DS Smith.
French Cognac Shares Rise After Macron-Xi Meeting 2024-05-07…
French cognacs saw their shares rise after Emmanuel Macron hinted that trade tensions between China and the European Union, which could affect drinks makers, may ease.
Two of France’s biggest cognac producers, Pernod Ricard and Remy Cointreau, were up 3% and 8.1% respectively.
The EU-China trade dispute was at the center of the Macron meeting – Si in Paris. The French president presented his Chinese counterpart with a bottle of top-class French cognac, reportedly worth more than $3,200. Xi is currently visiting Europe and meeting with leaders across the continent.
“I thank the president for his stance on the temporary cognac measures and his desire not to implement them,” Macron said at a press conference on Monday.
Macron-Xi: The French president asked for equal rules for everyone
Anti-dumping investigation
Earlier this year, China launched an anti-dumping investigation into EU cognac makers, which could lead to duties in alcohol imports. China’s Ministry of Commerce said at the time that it received the request for the investigation from the China Liquor Industry Association on behalf of the domestic brandy industry.
Before the meeting between Macron and Xi, the National Bureau of Cognac Professionals representing the French cognac industry called on the leaders to reach an agreement on the matter.
Fortune Found: South Florida Publix Sells $214 Million…
South Florida Publix Sells Winning Powerball Ticket
In a stroke of luck, a winning Powerball ticket was recently sold at a Publix in Miami Shores, Florida, as confirmed by Lottery officials on Tuesday.
Grand Prize Winner
The fortunate individual managed to match all five numbers — 7, 23, 24, 56, and 60 — in addition to the Powerball number 25, securing the impressive $214 million grand prize from Monday’s drawing, as reported on the official Powerball website.
Location of Winning Ticket
The winning ticket was purchased at a Publix store situated at 9050 Biscayne Boulevard in Miami Shores, adding to the excitement of the local community.
Claiming the Prize
Although the winner has yet to come forward to claim their prize, Lottery officials urge all players to double-check their tickets for a chance at the jackpot.
Important Deadline
The lucky individual must claim their winnings by November 6, as per the guidelines set by the Florida Lottery.
Contribution to Education
This jackpot victory has also resulted in a significant contribution of $13.5 million to the state’s Educational Enhancement Trust Fund, highlighting the positive impact of such wins on the community.
Vincenzo Marinese At The Helm Of The Venice…
Vincenzo Marinese, vice-president of Confindustria, was unanimously designated as the new president of the Venice Foundation. He was appointed by the General Council of the organisation, in the session which also saw the approval of the 2023 final budget and the appointment of three administrative and general councillors. They are Anna Saetta, deputy vice-rector of the Iuav University of Venice, on the General Council, and, for the Board of Directors, Agar Brugiavini, professor of Political Economy at Ca’ Foscari, and the former prefect of Venice Carlo Boffi Farsetti ( the latter were already present in the Foundation as general councillors).
In detail, the 2023 financial statement closed with an increase in the Foundation’s net assets of approximately 900 thousand euros, from 364.2 to 365.1 million. The operating surplus amounts to 4.5 million, with an increase of 4.4% compared to the forecasts of the Forecast Planning Document and of 74.6% compared to 2022.
The budget
The disbursements for the territory approved in 2023 exceeded 5.43 million. In particular, 34% went to support the Education, instruction and training sector, 29% that of Art, cultural activities and heritage, 24% other sectors relevant for the social and economic development of the metropolitan area and almost 13% went to scientific and technological research.
Success Of The Great Madagascar Economic Fair
The major economic fair, organized by the events company Trait d’Union, brought together around a hundred participants.
The first edition of Madagascar’s major economic fair closed successfully at Independence Avenue in Toamasina, after three days of event. The organizers said they were generally satisfied with the progress of this major initiative. All economic sectors were represented through around a hundred stands, from financial services to solar energy, including business coaching and large concession companies. A special showcase was dedicated to “made in Madagascar” products, highlighting items with high added value such as Malagasy crafts and food processing.
The planned networking activities were particularly fruitful, offering economic operators the opportunity to share ideas, develop partnerships and interact with the general public. “We created meeting opportunities that led to concrete business relationships between participants. Additionally, many exhibitors were able to establish partnerships with investors,” said Tsinjo Stella Andriamamonjy, member of the organizing committee.
Optimists
On the visitors’ side, special offers and payment facilities were offered by exhibitors, thus stimulating a considerable sales volume during the event and satisfying visitors’ expectations.
Thematic debates also enriched the event program, addressing topics such as energy alternatives, workplace safety and innovative sales strategies to boost business revenues.
Dubais Real Estate Mania Sparks Competition For Multi-Million…
Demand for real estate in Dubai has boomed as the government eases visa policies, attracting more investors seeking to protect their assets, cryptocurrency millionaires, and wealthy people creating second homes.
In the latest sign of the mania sweeping one of the world’s most frenetic property markets, hundreds of buyers lined up overnight outside a developer’s office in Dubai for a chance to snap up luxury waterfront homes.
The government-backed company, Nakheel, sold all the homes offered within the first and second phases of the Bay Villas project within hours.
In total, the project located in Dubai Islands will include more than 500 homes, with prices starting at $1.2 million per unit, while the price of the most expensive home will be approximately $4 million.
Last year, Nakheel, which is famous for developing palm-shaped artificial islands in Dubai, launched a project that saw buyers queuing in 38-degree heat to buy homes worth $5 million each.
This significant increase in demand highlights the transformation achieved by Nakheel, after it suffered severely from the real estate collapse in 2009, which almost pushed it to the brink of bankruptcy, but since then it has consolidated operations and reduced costs.
Poland Is The Star Of Foreign Investments. Europe…
#Poland #star #foreign #investments #Europe #watches #admires
The number of foreign direct investments in Poland at 229 is true decrease by 3 percent in 2023, but the scale of these investments has increased. As many as 22 thousand 378 planned jobs are to be created as a result of these investments, which means an increase of 21%. rdr – according to the EY report “Investment Attractiveness of Europe”.
For comparison, foreign investors announced 5,000 in 2023 across Europe. 694 foreign direct investments (FDI), and that’s 4 percent. less than a year earlier. Number of planned jobs resulting from these investments dropped in Europe by 7%. compared to 2022 and reached the level of 319 thousand. 923 employees.
Poland is the star of Europe
Poland stands out as a positive in the ranking. 229 foreign direct investments in 2023 means a decline of 3%, but the dynamics is still one of the highest in Europe. What is impressive, however, is the number of planned jobs as a result of the investments announced last year (22,378 positions, i.e. 21% more than in 2022). – we read in the EY Polska report.
Read also: The government announced the date of handing over the CPK.
Panathinaikos Maccabi: The Jamball And The Broadcast Of…
THE Panathinaikos he has a long night ahead of him. Certainly the most critical of the season so far, as it welcomes the Maccabi in the OAKA for the 5th and decisive match in the Euroleague playoffs. The facts are simple, the winner will get their ticket to the Final 4 Berlin.
The tickets of the decisive match, (the jamball is set for the 21:15 with telecast from NovaSports Prime) were sold out within a few hours on Great Fridaywith Ergin Ataman and his players aiming to finish what they started in Belgrade, where they found their backs against the wall but bounced back with the victory that gave them the right to play… their spare change in the packed OAKA for qualification .
“It’s a very good series against Maccabi. Now we have home advantage again after the big win in Belgrade. We won a lot of big matches this season in OAKA, against a lot of big teams and Maccabi is also a very big team and we have to play at 100% to win the game.” said about tonight’s match Ergin Ataman.
“We want to be competitive and claim victory.
ETECSA Landline Prices In May: What You Need…
ETECSA, Cuba’s only Telecommunications company, is selling landline phones in the month of May for prices ranging from 21 MLC to almost 100 MLC. These prices are in Freely Convertible Currency (MLC), backed by foreign currency. Although ETECSA’s options for landlines are limited, they do have some models available for purchase.
The two most economical models available at ETECSA offices are the Panasonic KX-T7703 W and Panasonic KX-T7703 B, both priced at 21 MLC. These basic and functional models are ideal for those looking for a simple and reliable phone compatible with ETECSA’s landline telephone network.
In addition to these models, ETECSA also offers more expensive options such as the wireless Panasonic KX-TGC352, KX-TGC353, and KX-TGC363, priced at over 55 MLC, 82 MLC, and 99.45 MLC respectively. Despite the limited variety, these are the only five types of landline phones available for sale in MLC at ETECSA offices this month.
The shortage of equipment in Cuba has affected ETECSA’s landline telephone service, with thousands of landlines unable to be moved or activated due to a lack of rep lacement equipment. ETECSA has acknowledged this issue and stated that the available equipment is being sold in foreign currency,