It costs several operating companies
a fortune to pay an income-based fee to the Westminster government, in some cases helping almost to bankrupt the company (see England's east coast line).
According to Steinhoff, the consideration for the PropCos is based on an enterprise value of EUR 490m (USD 573.44m), while the disposal of operating companies
will be based on a nominal amount.
Through its operating companies
and investments, the Group delivers construction and infrastructure projects, including commercial, residential, social, industrial and economic infrastructure in the UAE and other selected countries in the region.
The agency added: "The situation has been compounded by its operating companies
placing an additional liquidity burden on Steinhoff's centralised treasury function to fund their working capital needs.
"By turning those services off, we saved a significant amount of money and improved the efficiency of the operating companies
," he said.
"It has not been an easy year and a number of operating companies
ISLAMABAD -- To facilitate the Hajj and Umra operating companies
, it has been decided that the Company Registration Offices CROs) of the SECP will remain open until 7:30 pm on Friday and Monday, i.e., May 11 and 14, in addition to normal working hours up to 5:30 pm.
Summary: The minister of oil and gas met with a number of the top managers of the oil operating companies
in Libya Monday 26/03/2012.
His initial lo-tech attempt failed, but the idea sparked a project that has found favour with train operating companies
and ticketing sites such as Trainline.
The system agreement allows the operating companies
to share power-generating capacity, but also requires them to share the cost of power production.
Swedish telecomms solutions provider Ericsson (Nasdaq: ERIC) said on Tuesday (10 April) that it has been selected by mobile operator Vodafone to manage the supply and distribution of spare parts for its mobile networks across several of its major European operating companies
including Germany, Spain and Portugal.
We launched the Dow Jones Wilshire Global Real Estate Indexes earlier this year to meet this demand, particularly as more institutional and individual investors seek exposure to REITs and real estate operating companies
outside the U.S." said Michael A.