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Drugmaker Mylan uses Dutch foundation to fend off hostile bid

dutch news

AMSTERDAM: A foundation set up by pharmaceutical firm Mylan NV triggered a Dutch variation on a poison pill to fend off a takeover proposal by Israeli rival Teva Pharmaceutical Industries Ltd. The foundation, called a “stichting” in Dutch, has the option to temporarily obtain preferred shares with special voting rights that give it the power to thwart a hostile bid. ... Read More »

Dutch Ministry signals award of huge lock contract

dutch news

AMSTERDAM: The likely contract for a huge lock project of vital importance to the port of Amsterdam has been announced. Rijkswaterstaat, part of the Dutch Ministry of Infrastructure and the Environment, yesterday announced its intention to award the contract for the design, construction, financing and maintenance of a new lock in IJmuiden to the OpenIJ consortium. This consists of BAM, ... Read More »

Tele2 Netherlands refreshes business data bundles


AMSTERDAM: Tele2 Netherlands has refreshed its business data bundles. The new offerings are Sim only but can be combined with a handset. Larger companies can now also get a business bundle, giving users the possibility of sharing data bundles. This will enable those that use up their data to take some from the bundles of those who have not. Separate ... Read More »

Sweden-based Lundin petroleum flags Q2 exploration expenses


AMSTERDAM: Sweden-based Lundin Petroleum said Tuesday that it will expense $14 million in exploration costs during the second quarter. The company will expense $14 million in post tax exploration costs and recognize a net foreign exchange gain of about $28 million for the second quarter of 2015. Lundin said its profitability for the second quarter of 2015 will be “impacted ... Read More »

Netherlands gold firm’s shares fall on stalled deal


PARIS: Johannesburg – Dual listed Central Rand Gold (CRG) plunged 30 percent on the JSE yesterday after it said that it had not yet reached an agreement for the acquisition of its wholly-owned subsidiary, CRG Netherlands Antilles. The mining company fell as much as 30.23 percent to R3, which valued it at R261.54 million. CRG is a JSE and London ... Read More »

Netherlands gold firm’s shares fall on stalled deal

gold smuggling

PARIS: Johannesburg – Dual listed Central Rand Gold (CRG) plunged 30 percent on the JSE yesterday after it said that it had not yet reached an agreement for the acquisition of its wholly-owned subsidiary, CRG Netherlands Antilles. The mining company fell as much as 30.23 percent to R3, which valued it at R261.54 million. CRG is a JSE and London ... Read More »

Netherlands economic trade mission to Turkey planned


ANKARA: Turkey Business Tour 2015 The Economic Network of the Embassy of the Netherlands has organized a trade mission to Konya 7 September 2015. Konya is located in the southern part of Turkey and is known by its agriculture and food industry. There are also numerous opportunities in the field of renewable energy. The trade mission, led by Cornelis van ... Read More »

Shapeways promotes $30m in Venture Capital via Netherlands Inkef Capital


AMSTERDAM: Hot off the press comes financial news regarding Shapeways, to the tune of $30 million just received in venture funding. One of the worldwide leaders in 3D printing service bureaus, Shapeways promotes not only a way for 3D printing enthusiasts to upload files and have models 3D printed, but also individual creativity and innovation. They are dedicated to providing ... Read More »

Boels has more than 1,300 JCB machines operating across Europe

e machines

AMSTERDAM: It represents the fourth major order in four years from Boels and means the company now has more than 1,300 JCB machines operating across Europe. JCB Group Managing Director of Global Accounts Jo Bamford said: “This is a very significant order and we are delighted to have secured this important business from Boels Rental.” The telescopic handlers have lift ... Read More »

Dutch hi-tech group ASML post small 8.1% second quarter income dip

dutch news

AMSTERDAM: Dutch company ASML, which makes computer chip-making systems and is seen as a global hi-tech bellwether, announced an 8.1 percent second quarter dip in net income Wednesday, but noted it was on track for the rest of the year. The company based in Veldhoven, southern Netherlands, said in a statement net income for the second quarter stood at 370 ... Read More »

Netherlands eighth on trade surplus list


AMSTERDAM: The Netherlands is seventh on the list of countries with a trade surplus, the latest figures from the central statistics agency CBS show. The country had a trade surplus of €77.3bn in 2014, the CBS says. Top of the list are China and Germany with €383bn and €294bn respectively. Within the EU, the Netherlands is in second place behind ... Read More »

Dutch border police step up port checks for stowaways heading to Britain

port aqba

AMSTERDAM: Dutch border police are stepping up efforts to stop illegal immigrants trying to make their way to Britain, the NRC reports. The government has backed bringing in extra checks in hotspots such as border areas, ports, train stations and car parks, the justice ministry said. For example, there will be more checks on lorries to ensure stowaways have not ... Read More »

Netherlands launch €5.9m urban sanitation project


AMSTERDAM: The Kingdom of the Netherlands through UNICEF has launched a € 5.9 million Euros project aimed at improving access to sanitation with a focus on urban areas. A statement issued by Monica Arach, External Relations and Fundraising Specialist, UNICEF, and copied to the Ghana News Agency on Wednesday observed that the project is a component of the Ghana Netherlands ... Read More »

Royal Dutch Shell Plc secures environmental permit for B.C. LNG project


AMSTERDAM: A Royal Dutch Shell Plc.-backed liquefied natural gas project in British Columbia secured environmental permits from federal and provincial regulators in a sign that the fledgling industry is gaining momentum. The federal ministry of environment said LNG Canada must comply with 50 legally binding conditions throughout the life of the project. The LNG Canada Export Terminal Project underwent a ... Read More »

Devro buys rival Dutch firm for up to €13.5m

dutch news

AMSTERDAM: Sausage skin maker Devro has moved to strengthen its presence in Europe by agreeing a deal to buy a Dutch rival for up to €13.5 million (£9.7m). The Moodiesburn-based firm said PV Industries (PVI), a maker of collagen gel products for the meat processing industry, offers it access to “a strong technical skills base together with an innovative and ... Read More »

Netherlands inflation remains negative at -0.1% despite monthly rise in prices


AMSTERDAM: Consumer prices have begun to rise again even though the State’s annual inflation rate remains negative. The latest Consumer Price Index (CPI) suggests prices rose by 0.3 per cent in June on the back of price hikes in transport, hotels and restaurants. However, the annualised rate of inflation remains at -0.1 per cent. The State’s headline inflation rate has ... Read More »

Royal Dutch Shell Plc needs US$80 per barrel oil price to restart oilsands projects

dutch news

AMSTERDAM: Royal Dutch Shell Plc. may consider restarting mothballed oilsands projects, but not until oil prices return to US$80 per barrel, according to the company’s top executive in North America. “It probably needs to be in the US$80 range to be interesting, but it all depends on what it costs,” Marvin Odum, Shell’s director of the upstream Americas said in ... Read More »

Netherlands customs seizes 500 ecstasy tablets

ecstasy tablets

AMSTERDAM: Five hundred tablets of Ecstasy hidden inside a package sent from The Netherlands was intercepted last week by airport and anti-narcotics authorities in Pasay City. The package was intercepted at the Central Exchange Center of the Philippine Postal Corporation in Pasay City last Friday after authorities noticed something suspicious about the parcel. Philippine Drug Enforcement Agency director general Arturo ... Read More »

Flow traders IPO could value Dutch firm up to $1.9b


AMSTERDAM: Flow Traders, a Dutch proprietary trading firm, said on Tuesday that its initial public offering could value the company at up to 1.72 billion euros, or about $1.9 billion. The trading firm, based in Amsterdam, said it planned to sell up to 18.7 million shares, or about 40 percent of the company, in the offering, with a price range ... Read More »

Dutch big data startup Flytxt raises $11m and guns for Indian market


AMSTERDAM: Flytxt, a Big Data analytics solution provider, has raised $11 million from Sunrise Capital and Big Data Investments B.V. with participation from its existing investors. Launched in 2008, headquartered in Netherlands, and with its corporate office in Mumbai, Flytxt provides Big Data analytics solutions for Communication Service Providers (CSPs) and Mobile Enterprises across the globe. This fresh funding will ... Read More »