Corporate

Brexit doesn’t brake the merger London – Frankfurt: nowadays, the shareholders of the London Stock Exchange Group (LSE Group), the company that manages the London list and which also controls the Milan Stock Exchange, voted with a favorable opinion to the proposed merger with Deutsche Boerse. By July 12, they will have to vote on the transaction also members of the German company, through the postal vote.

As stated by Hufeld, the chairman of the German markets (BaFin), the only constraint is that the headquarters of the largest European stock exchange, which would arise from the merger, will not be in London, outside the European Union.

Argentina wants to take the path of economic recovery as soon as possible. The head of the Agency for Investment and International Trade, Juan Procaccini, in announcing an International Forum, a sort of mini-Davos, to be held in Buenos Aires in September with the presence of around 800 companies, has revealed that the Mauricio Macri’s government aims to attract investments of about one hundred billion dollars over the next eight years to revive the country’s economy.
From 12 to 15 September over 1,500 local and international investors, entrepreneurs and political leaders will have the opportunity to explore investment opportunities that Argentina has to offer.

AstraZeneca has reached agreement to sell the Danish Leo Pharma licenses for two drugs for the treatment of skin diseases by canceling the contract signed in September last year with Valeant. Leo Pharma will acquire the rights of tralokinumab, new drug used to treat inflammatory atopic dermatitis, paying $ 115 million immediately to AstraZeneca and up to 1 billion to the achievement of certain sales targets (as well as a percentage of royalty).

EasyJet has applied for an air operator certificate of the European Union to continue to fly in all EU countries without restrictions that will affect carriers in the UK after the Union output.

The airline low cost, in a statement, announced that it has begun a formal procedure for obtaining an air operator’s certificate (COA) to maintain the ‘status quo European’. "EasyJet – it says – is lobbying the UK government and the European Union to ensure its ability to continue to operate in a fully liberalized and deregulated market in the UK and Europe as it is today."

Lions Gate Entertainment, the production company, which produced among others the movies "The Hunger Games", plans to give birth to a merger with media company Starz. According to a report in the Wall Street Journal, Lions Gate has put into the pot $ 4.4 billion, cash and stock, to detect the television network. The agreement brings together the two cable companies, linked to magnate John Malone.

Exports of watches in 2016 should also fall by 10%. The director of the watchmaking Federation (FH) Jean-Daniel Pasche, in Neuchâtel, during the association’s Annual Conference, said that the decline could be even higher depending on the brand.

Pasche believes that the British vote on brexit has accentuated the uncertainty and the upward pressure on the franc. In short, the slowdown observed in this area as early as the middle of 2015, is expected to continue, mainly because of the loss of momentum, completely unexpected, the American market. It is a bad surprise, he argued.

Frenchman Jean Pierre Mustier, 54-year-old, is the new CEO of Unicredit; he leaves the trans Tikehau group to take the lead of the Italian bank after the release of Federico Ghizzoni. During the nominations committee, held last night, the only reservations about the banker would be raised by Francesco Gaetano Caltagirone and Corderdo Luca di Montezemolo, but this morning the board of directors of the bank voted unanimously for Mustier .

Rise in the Swiss business failures in the first five months of 2016, according to the survey of the economic information Bisnode company announced in a statement today. From January to May, the number of bankrupt companies insolvency has increased by 6% over the same period last year, to 1,933. Among the regioniparticolarmente hit the Romandie, an increase of 23%, leads the standings. The sectors which recorded the greatest risk are the construction, food and crafts.