Keywords: Restructuring


Continental agrees €4.6 billion sale of ContiTech unit to Lone Star Funds

German automotive supplier Continental AG has agreed to sell its ContiTech division to private equity firm Lone Star Funds in a transaction valued at approximately €4.6 billion, marking a major step in the group’s strategy to refocus on its core tyre business. The deal underscores ongoing......

Fonderie de Bretagne enters court-ordered restructuring as 245 jobs hang in the balance

The Fonderie de Bretagne (FDB) has been placed under court-ordered restructuring after entering insolvency proceedings, putting 245 jobs at risk as the company races to secure emergency funding and avoid liquidation. The decision was announced following a hearing at the Lorient Commercial Court, giving......

Comcast announces breakup to unlock growth with independent NBCUniversal

Comcast has announced plans to separate its operations into two independently listed public companies, marking one of the most significant restructurings in the global media and telecommunications industry in recent years. Under the proposed transaction, the company's entertainment and media assets......

Britain’s British American Tobacco announces 5,500 job cuts as AI restructuring accelerates

British American Tobacco has announced plans to eliminate 5,500 jobs worldwide and transfer an additional 3,500 positions to strategic partners as part of a broad restructuring programme designed to accelerate the company's adoption of artificial intelligence and improve operational efficiency. The......

Volkswagen plans major restructuring with job cuts and factory closures

Volkswagen is preparing what could become the most significant restructuring program in its history, with plans that may include eliminating up to 100,000 jobs worldwide and gradually closing four production facilities in Germany as the automaker adapts to growing global challenges. According to reports......

Bordeaux wine crisis: 4,400 hectares of vineyards seek a new future

The Bordeaux wine region is facing a major transformation as thousands of hectares of former vineyards are being offered for conversion following a prolonged crisis affecting the sector. Around 4,400 hectares of land previously used for grape production are now looking for new opportunities as part of......

Apollo Hospitals proposes Kamineni as executive chair of Healthtech spin-off

India’s Apollo Hospitals Enterprise Ltd has proposed the appointment of promoter director Shobana Kamineni as executive chairperson of its upcoming Healthtech spin-off, marking a key step in the group’s ongoing restructuring strategy. The new entity, Apollo Healthtech, is expected to be......

Lazard bids to replace centerview as Venezuela’s financial adviser

Global investment bank Lazard is seeking to replace Centerview Partners as financial adviser to Venezuela, according to a Bloomberg News report, intensifying competition over one of the largest sovereign debt restructuring processes in recent years. The move comes as Venezuela continues preparations......

Jtekt includes Morocco plant in European asset sale deal

Japanese automotive supplier Jtekt has agreed to transfer several of its European-facing operations, including a manufacturing site in Morocco, as part of a broader restructuring of its international business portfolio. The transaction forms part of a share transfer agreement with an investment entity......