Turkish president says the move is also aimed at increasing the amount of humanitarian aid entering Gaza
mena5 hours ago
VEB said it would take several more months to finalise the deal with Royal Bank of Scotland Plc — the legal successor in the case to now slimmed-down state bank ABN Amro — and Goldman Sachs.
It said the 12,000 claimants it represents could share a maximum amount of 110 million euros ($147 million) which would, with interest, be more than their share of losses up to April 3, 2000.
The deal follows a November 2009 High Court ruling that World Online and the banks accompanying the March 17 IPO had painted too rosy a picture of the value and prospects of the company, which went to market at the height of the dot-com bubble.
World Online was founded in 1995 by Nina Brink and was a leading Dutch Internet service provider. It was floated at 43 euros in March 17, giving it a value of 12 billion euros, but its share price collapsed after revelations of some events prior to the introduction, particularly Brink’s sale of her stake three mnonths earlier for a fraction of the IPO price.
Brink was dismissed as chief executive in April 2000, and Italy’s Tiscali acquired the firm later that year.
Turkish president says the move is also aimed at increasing the amount of humanitarian aid entering Gaza
mena5 hours ago
In another case at the same airport, officials apprehended five foreign nationals who tried to smuggle gold worth Rs.24.4 million
asia5 hours ago
More than 2,000 pro-Palestinian protesters arrested in the past two weeks across the US
americas5 hours ago
Fireballs and Smash tied for the lead in the team event at the $25 million 54 hole tournament
sports5 hours ago
The hosts strengthened their chances of securing a slot in the semifinals with a 70-run victory in Abu Dhabi
sports6 hours ago
The group has a presence in five countries and eyes further geographic expansion, especially in India
markets6 hours ago
The severity of the situation gradually eased from Thursday evening, when it receded in the north and east of the country
weather7 hours ago
Cyclone Hidaya is predicted to cause torrential rain, strong winds and powerful and dangerous waves in the flood-ravaged country
africa7 hours ago