VIENNA Oct 6 Brazilian refractories materials maker Magnesita made a London share listing a precondition for its takeover by Austrian peer RHI, but the group had to find a place other than London for the combined company's headquarters, due to the UK vote to leave the European Union, RHI's chief executive said on Thursday.
Instead the RHI Magnesita company will be established in the Netherlands to remain subject to European merger rules, while its shares will be listed in London, Wolfgang Ruttenstorfer said in a conference call.
"Had there been no Brexit, I suppose that the ... holding company would have been established in London," he said. "Because there is Brexit, however, and the European merger directive is perhaps no longer applicable in London at the closing in 18 months, it was the task to find a place other than London." (Reporting by Kirsti Knolle; Editing by Greg Mahlich)
One dead in ENI Congo oil platform fire
BRAZZAVILLE, Dec 3 One person was killed in a fire on an oil platform operated by ENI Congo off the coast of the Congo Republic city of Pointe-Noire, the government said.
Aixtron, Fujian to explore what is left of deal after U.S. veto
FRANKFURT, Dec 3 German semiconductor equipment maker Aixtron will explore with its Chinese suitor what can be salvaged of the planned takeover after a U.S. presidential order ruled the deal posed a national security risk, the company said on Saturday.