The nation's anti-trust chief has been outspoken about the need for Samsung to "correct" its corporate structure by ending the cross-holding
It is part of the group's move to bring down cross-holding
among group companies and also exit non-core businesses by restructuring investment portfolios.
This repurchase and cancellation will eliminate the cross-holding
of shares of the Listed Entity by Solutions and is taking place in advance of a capital raising by ADAMA.
After Tata Steel, the highest cross-holding
is by Tata Power: A 4.7 per cent stake in Tata Communications valued at Rs 988 crore.
Paris: French auto group Renault is looking at ways of cooperating with Japanese firm Mitsubishi Motors which would fall short of a cross-holding
of capital, the newspaper Le Figaro reported on Friday.
The CEO reminded that the two entities have agreed to cooperate through closer collaboration and a cross-holding
Mr Griffin has dismissed claims he wants a white-only military, but admitted that the Victoria Cross-holding
black corporal, Johnson Beharry, would not be allowed to join the BNP.
This will make NBS an affil of Fuji TV and end the unbalanced cross-holding
that meant the much smaller radio web had a controlling share in the giant Fuji TV, one of Fujisankei's core holdings.
Yet amid the obvious unwinding of these cross-holding
relationships, management of poorly managed companies continue to wonder why the company's stock prices are so depressed, why analysts never come to visit them anymore, or why both domestic and foreign individual investors have dropped their stock from their portfolios.
He said: ``The inflated levels of gearing and cross-holding
in the sector of the market created a dangerous cocktail which the falling market exposed.''
SPRON sold 12% of Kaupthing to Meidur, increasing Meidur's cross-holding
in Kaupthing to 21%, Reuters reported.
Two Caribbean newspapers have agreed to increase their cross-holding
of shares in each other.