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Orascom Development Holding AG announces changes to its Board of Directors Orascom Development Holding AG / Key word(s): Miscellaneous/Miscellaneous 13-Apr-2021 / 07:00 CET/CEST Release of an ad hoc announcement pursuant to Art. 53 KR The issuer is solely responsible for the content of this announcement. Press Release Orascom Development Holding AG announces changes to its Board of Directors Altdorf, 13 April 2021 - Orascom Development Holding AG (ODH) announces that Ms. Barbara Heller, Mr. Amine Omar Tazi-Riffi and Mr. Eskandar Tooma will be proposed for election to its Board of Directors at the upcoming Annual General Meeting. Mr. Adil Douiri and Mr. Marco Sieber, current members of the Board of Directors, have decided not to stand for re-election. ....
<div class="at-above-post addthis tool" data-url="https://www.metro.us/credit-suisse-to-pay/"></div>ZURICH (Reuters) -Credit Suisse has made further progress in winding down funds connected with Greensill Capital and is able to distribute another $1.7 billion to investors, the bank said on Tuesday. This takes the total distribution so far to $4.8 billion, the bank said, following an earlier payout of $3.1 billion. The bank said it […]<! AddThis Advanced Settings above via filter on get the excerpt ><! AddThis Advanced Settings below via filter on get the excerpt ><! AddThis Advanced Settings generic via filter on get the excerpt ><! AddThis Share Buttons above via filter on get the excerpt ><! AddThis Share Buttons below via filter on get the excerpt ><div class="at-below-post addthis tool" data-url="https://www.metro.us/credit-suisse-to-pay/"></div><! AddThis Share Button ....
Tue, 13th Apr 2021 10:49 (Alliance News) - The following is a summary of top news stories Tuesday. COMPANIES Credit Suisse Group said it has made progress on the wind-down of four supply chain finance funds that were suspended at the start of March following the collapse of Greensill Capital. The bank said it has collected USD2.0 billion from receivables redeemed since March 1. This results in cash and cash equivalent levels currently in the supply chain finance funds amounting to USD2.3 billion. The total cash position, including the USD3.1 billion that already has been distributed to investors, therefore amounts to USD5.4 billion, or more than half of the total assets under management of the four funds at the time of their suspension. As a result, Credit Suisse announced a second cash distribution to investors, amounting to USD1.7 billion, commencing Tuesday. This takes the total distribution so far to USD4.8 billion. ....
Why are so many office blocks in Swindon being targeted for conversion to flats by property developers? At least nine have been the subject of such applications under permitted development rights in the last three years – and most of them have been given that permission. Buildings set to be converted include the UK Life Centre in the town centre, Kingsbridge Point in Regent Circus, Wiltshire Court in Farnsby Street, Cherry Orchard West in Kembrey Business Park, the offices above the shop in the art deco building at the end of Bridge Street, North Star House, and 103-104 Commercial Road and the unconverted portion of Centenary House in Victoria Road. Half of the last building had been already made into flats. ....
Proxy adviser Glass Lewis urged Credit Suisse shareholders to oppose board member Andreas Gottschling's re-election, on grounds that as risk committee chairman he should be held accountable for problems tied to Greensill and Archegos. ....