Elon Musk sued by Twitter shareholders for alleged stock manipulation

Elon Musk sued by Twitter shareholders for alleged stock manipulation

Elon Musk sued by Twitter shareholders for alleged stock manipulation Elon Musk was sued by Twitter investors for delaying the disclosure of his stake in the company, as the Tesla owner mounts a $44bn takeover bid for the social media platform.The investors said Musk saved himself $156m by failing to disclose that he had purchased more than 5% of Twitter by 14 March.The suit further alleges the…

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[ad_1] 
 After a due diligence course of a consortium, whose id has not but been revealed, was chosen by the rescue practitioner as the popular bidder to purchase Mango.
 SAA has raised considerations with its shareholder, the Department of Public Enterprises, in regards to the sale of Mango.But the low-cost airline's rescue practitioner says in his newest report that these considerations should not materials in any respect. He has lined up a most popular bidder for the low-cost airline.Get the most important enterprise tales emailed to you each weekday, or go to the News 24 Business front page.Concerns that South African Airways (SAA) has in regards to the sale means of its subsidiary Mango are "of a mere housekeeping nature" and never materials in any respect, in response to the low-cost airline's enterprise rescue practitioner Sipho Sono.Mango was positioned in voluntary enterprise rescue in July 2021 and has not flown since. Rescue practitioner Sipho Sono needed Mango to restart operations on 2 December 2021. However, SAA's shareholder, the Department of Public Enterprises (DPE), made it clear this might solely be carried out if an investor purchased Mango.After a due diligence course of a consortium, whose id has not but been revealed, was chosen by Sono as the popular bidder to purchase Mango. In his newest enterprise rescue report back to collectors, Sono says he had submitted an software to SAA for consideration on 21 September. In phrases of the Public Finance Management Act, SAA had till the top of September to supply suggestions, after which Sono deliberate to submit a ultimate software to the DPE for approval within the first week of October.Minister of Public Enterprises Pravin Gordhan would then have 30 days to think about and approve the appliance as offered for in Mango's enterprise rescue plan.According to Sono's report, SAA, nonetheless, went forward and submitted the PFMA software on to the DPE "along with correspondence highlighting some areas of concern"."The issues highlighted by SAA in the letter to Minister Gordhan are more of a housekeeping nature and are, therefore, not material," states Sono. He didn't element the considerations.Furthermore, Sono says he and the popular bidder have had "productive meetings" with each the home and worldwide Air Services Licensing Councils in regards to the potential change in possession of Mango. The councils got an replace on the rescue plan and the plans of the investor.Competition Commission and different regulatory approvals would then additionally nonetheless be wanted.If the sale fails, Sono should implement a winding down of the airline.In mid-September, the DPE advised Parliament's Portfolio Committee on Public Enterprises that it needed to do its personal due diligence on the client earlier than signing off on any deal proposed by Sono. Sono claims he was advised at brief discover by the DPE that he was now not invited to take part within the committee briefing.SAA's performing chair John Lamola advised the committee that SA's home airline market stays dangerous, an element that any investor in Mango must think about. Sono, nonetheless, disagrees. In his view, the committee was not given an correct image of Mango's scenario, and vital questions by committee members have been "sidestepped".News24 Business reached out to SAA and the DPE for remark. SAA declined to remark and if any response is acquired from the DPE, this text will probably be up to date. [ad_2] Source link

Non-fungible tokens (NFTs) have been booming and getting more popular over the years, and industry innovators have kept pushing the limits of what can be done with NFTs. But the fact that the value of NFTs can change quickly has made some investors hesitant. Also, people can't buy NFTs because their prices have gone up so high that they can't afford them. This made the idea of fractionalized NFTs necessary. And it will make it possible for more people to join the NFT market. How does NFT Fractionalization work? Fractionalization of non-fungible tokens (F-NFT) is the process of dividing a whole NFT into parts. Parts of a whole that are smaller than the whole are called fractions. Fractionalization makes it easier for more than one person to own a single NFT by breaking it up into equal parts. Not only are NFTs growing in a big way, but they have also become a solid part of the cryptocurrency ecosystem. This is because the value of non-fungible digital assets is based on how unique they are and how few of them there are. Their use is also growing. The high price growth of NFTs is due to the value they offer and the stories that drive them, which are hard to measure. Stories, like the ones in the first NFT collection (CryptoPunks). Because the prices of NFT collections are going up, it's getting harder for almost anyone to buy a single NFT. So, the idea of fractionalization came about, which made it possible for more than one collector to own a single NFT. How does it work? Most NFTs are linked to ERC-721 tokens that are made by a smart contract and are tracked on the Ethereum blockchain as proof of ownership. Smart contracts store the unique data that makes an NFT different from all other types of tokens. This makes it possible to track the exchange of NFTs, which reduces the chance of fraud because buyers and sellers can check that the NFT is real. But the ERC-721 has some problems, which are pretty widespread. One of these is that an ERC-721 token can't be traded for another ERC-721 token. This makes the market less liquid and makes it harder to trade. Also, many traders didn't take part in the NFT market because some of the prices were so high that they were out of reach. Remember that fractionalization means dividing an NFT into many equal parts so that many market participants can share ownership. Equal parts or portions, or F-NFT as they are called, are basically tokens that can be used for anything. They use the ERC-20 token standard on the Ethereum network. Before an NFT can be fractionalized, it must be locked into a smart contract. The smart contract then divides the ERC-721 NFT into multiple fractions in the form of ERC-20 tokens. Each fraction represents a share of ownership of the NFT. Shareholders will own a fraction of the NFT, which is essentially a percentage of the original ERC-721 asset. This fraction is equal to the value of their ERC-20 tokens divided by the total number of ERC-20 tokens made at the beginning of the fractionalization process. Most of the time, fractions are sold at a set price for a set amount of time or until they are all sold during their first sale. After that, the market forces of supply and demand decide what their real value is. Fractionalization's Effects in the NFT Space As fractional NFTs become more popular, there have been some noticeable effects in the NFT space, with the good effects outweighing the bad ones. Among them are: Fractionalization of NFT has many advantages Liquidity By fractionalizing NFTs, the NFT market becomes more liquid. This is because when an NFT ERC-721 token is split into multiple tokens, it is more affordable for more people to buy, which speeds up sales. Accessibility A fractionalized NFT makes it easy to get to. This is closely related to liquidity. Most of the time, small investors and collectors can't get into the NFT market because some NFTs are getting more and more expensive. This means that only a few wealthy investors can buy the most expensive NFTs.

By dividing an expensive, high-end NFT into multiple pieces, the entry barrier and costs of ownership are lowered, allowing more investors to get a piece of the market. Price Discovery Fractionalizing an NFT makes it cheaper, and when something is cheaper, it sells more. So, if someone wanted to buy a piece of the fractionalized NFT, they would know how much it was worth based on how it had been traded in the past. Fractionalization of NFTs and its risks Market volatility F-NFTs have the same risk of loss as NFTs and other cryptocurrencies. Traders might lose money if the price of tokens drops, but they could make more money if the prices go up. The law says… An NFT's legal claim is easy to prove, but fractional NFTs are more complicated. Does a person who owns a fraction have the right to use an F-NFT for business? The rights of holders haven't been clearly spelled out, but that could change in the years to come. One more thing Fractionalization is a great way to get more people to use NFTs because it makes it easier for people to get into markets and makes it easier for people to share ownership of high-value assets. The F-NFT market is growing quickly, and there are already several places to buy and sell fractional shares. There is no way to predict how much the market for these types of assets will grow, but the current market position and innovations point toward a highly developed and efficient market setup where non-fungible assets in the real world can enjoy high frequency trading just like fungible assets have for years. Keep an eye out for more new ideas in the area. Also, anyone who wants to invest in fractionalized NFTs needs to "do your own research." https://nftdawn.io/what-is-nft-fractionalization/?feed_id=1594&_unique_id=62f8cd36ae9b0

New Lawsuit Tussle Between Elon Musk, Tesla Investors Raises Red Flags About Twitter Deal As Twitter traders are sizing up Elon Mu... Read the rest on our site with the url below https://worldwidetweets.com/new-lawsuit-tussle-between-elon-musk-tesla-investors-raises-red-flags-about-twitter-deal/?feed_id=158388&_unique_id=625d7cf564123 #elonmusk #lawsuit #Tesla #twitter

It follows a history of crypto projects from Kakao, including its Ground X blockchain subsidiary, which won the South Korean Central Banks’ CBDC tender last year. Kakao Piccoma, a Japanese digital comics' subscription service and subsidiary of the Korean internet company Kakao, has purchased a 50% controlling stake in the Japanese cryptocurrency exchange, Sakura Exchange Bitcoin (SEBC).That makes Kakao its largest shareholder and the deal is also expected to help Kakao offer cryptocurrency services on its Piccoma webtoon platform, and expand aggresively into Web3, according to local media reports. Piccoma is the largest webtoon platform in Japan, and in 2021 its app marked $1 billion in consumer spend after six years in the Japanese market.The amount Kakao paid for its stake in the exchange has not been disclosed.SEBC is one of only 30 crypto-asset exchanges registered in Japan with the Financial Services Agency (FSA) and lists 11 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), XRP, and Litecoin (LTC).Related: Japan plans to tighten crypto exchange regulation to enforce sanctionsIn mid-March, Kakao’s founder Kim Beom-soo, also known as Brian Kim, stepped down from the board of directors to focus on the company’s affiliate brands, especially on the Kakao Piccoma brand in Japan. The acquisition of SEBC is the first merger and acquisition move from Kakao since Kim resigned.Kakao has showed interest in the crypto space before. In August last year Kakao launched two blockchain companies in Singapore, the Klaytn Foundation, a non-profit organization and Krust, a global accelerator for blockchain technology adoption.Kakao also runs a specialized blockchain subsidiary called Ground X, which won a central bank digital currency (CBDC) tender from the Bank of Korea in July 2021, becoming the chief technology supplier for blockchain-based digital won simulations.Prior, the company also was an early investor in the Upbit exchange, the first crypto exchange to file with South Korea’s financial regulators. Go to Source

Piggy Finance is a fork of Tomb.Finance brought to the Avalanche chain. Let's find out everything about Piggy Finance with Avaxholic in today's article. What Is Piggy Finance? Piggy Finance is a fork of Tomb.Finance brought to the Avalanche chain. Piggy Finance Piggy Finance is a multi-token protocol which consists of the following three tokens: Piggy ($PIGGY)PShares ($PSHARE)PBonds ($PBOND) What Is Piggy Finance Token? Piggy Finance has three types of token: PIGGY ($PIGGY) PIGGY token ($PIGGY) is designed to be used as a medium of exchange. The built-in stability mechanism in the protocol aims to maintain Piggy's peg to 1 AVAX token in the long run. Piggy Token PShares ($PSHARE) PIGGY Shares ($PSHARE) are one of the ways to measure the value of the Piggy Protocol and shareholder trust in its ability to maintain PIGGY close to peg. During epoch expansions the protocol mints PIGGY and distributes it proportionally to all PSHARE holders who have stake... Source : What Is Piggy Finance (PIGGY)? Everything You Need To Know About Piggy For Avalanche Users

Twitter shareholders meet amid Musk's takeover drama

Twitter shareholders meet amid Musk’s takeover drama

Twitter shareholders meet amid Musk’s takeover drama New York, May 26: Twitter’s regularly scheduled shareholder meeting Wednesday didn’t include a vote on Tesla billionaire Elon Musk’s USD 44 billion bid for the social platform. But the prospects of the buyout and the drama that’s surrounded it seemed to New York, May 26: Twitter’s regularly scheduled shareholder meeting Wednesday didn’t…

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[ad_1] Twitter needs a Delaware court docket to order Elon Musk to purchase the social media service for $44 billion, as he promised again in April. But what if a decide makes that ruling and Musk balks? The Tesla billionaire's status for dismissing authorities pronouncements has some frightened that he may flout an unfavorable ruling of the Delaware Court of Chancery, identified for its dealing with of high-profile enterprise disputes.Musk hopes to win the case that is headed for an October trial. He's scheduled to be deposed by Twitter attorneys beginning Thursday.But the implications of him shedding badly — both by an order of “specific performance” that forces him to finish the deal, or by strolling away from Twitter however nonetheless coughing up a billion dollars or extra for breach of contract — has raised considerations about how the Delaware court docket would implement its closing ruling.“The problem with specific performance, especially with Elon Musk, is that it’s unclear whether the order of the court would be obeyed,” retired Delaware Supreme Court Justice Carolyn Berger advised CNBC in July. “And the courts in Delaware — courts all over — are very concerned about issuing a decision or issuing an order that then is ignored, flouted.”Berger, who was additionally a vice chancellor of the Chancery Court within the Nineteen Eighties and Nineties, stood by these considerations in an interview with The Associated Press however mentioned she doubted the Delaware establishment would go as far as to make him full the deal.“The court can impose sanctions and the court can kind of coerce Musk into taking over the company,” she mentioned. “But why would the court do that when what really is at stake is money?"Berger said she expects San Francisco-based Twitter to prevail, but said a less tumultuous remedy for the company and its shareholders would make Musk pay monetary damages. “The court doesn’t want to be in a position to step in and essentially run this company,” she mentioned.Musk and his lawyers didn’t respond to requests for comment.Other legal observers say such defiance is almost impossible to imagine, even from a famously combative personality such as Musk. He acknowledged he might lose in August in explaining why he suddenly sold nearly $7 billion worth of Tesla shares.“I take him at his word," said Ann Lipton, an associate law professor at Tulane University. “He wants to win. Maybe he’s got his own judgment as to what the odds are. But he’s also being sort of practical about this. He’s getting some cash ready so he doesn’t have to dump his Tesla shares if it turns out he is ordered to buy the company.”A ruling of particular efficiency might power Musk to pay up his $33.5 billion private stake within the deal; the value will increase to $44 billion with promised financing from backers corresponding to Morgan Stanley.The Delaware court docket has powers to implement its orders, and will appoint a receivership to grab a few of Musk’s belongings, specifically Tesla inventory, if he does not comply, in line with Tom Lin, a legislation professor at Temple University.In a precedent set simply this week involving contempt for noncompliance with a court docket order, a decide affirmed that shares of an organization included in Delaware are private property topic to the Court of Chancery’s jurisdiction. The decide famous in his Monday ruling that it may be the primary time the court docket has invoked its authority to deal with possession of shares in a contempt continuing, as he divested an entity of its shares and transferred title to a different celebration within the lawsuit.Speculation that Musk might be threatened with jail time for failing to adjust to a ruling is unrealistic, mentioned Berger. “At least, not for the Court of Chancery,” mentioned the previous decide. “That’s not the way the court operates.”But extra necessary, Lin mentioned Musk's authorized advisers will strongly urge him to adjust to the rulings

of a court docket that routinely takes instances involving Tesla and different companies included within the state of Delaware.“If you are an executive at a major American corporation incorporated in Delaware, it’s very hard for you to do business and defy the chancery court’s orders,” Lin mentioned.Concerns about Musk's compliance derive from his previous conduct coping with varied arms of the federal government. In a long-running dispute with the U.S. Securities and Exchange Commission, he was accused of defying a securities fraud settlement that required that his tweets be authorised by a Tesla legal professional earlier than being printed. He publicly feuded with California officers over whether or not Tesla’s electrical automobile manufacturing facility ought to stay shut down throughout the early phases of the COVID-19 pandemic.He's additionally taken a combative method in Delaware Chancery Court, calling an opposing legal professional a “bad human being” whereas defending Tesla’s 2016 acquisition of SolarCity in opposition to a lawsuit that blamed Musk for a deal rife with conflicts of curiosity and damaged guarantees. He and his attorneys produce other Delaware instances nonetheless pending, together with one involving his compensation bundle at Tesla.“I feel we’ve acquired an entire lot of gamers who, as free a cannon as Elon Musk is, depend on the goodwill of the Delaware courts on an ongoing foundation for his or her companies," Lipton said.Musk's argument for winning his latest Delaware case largely rests on his allegation that Twitter misrepresented how it measures the magnitude of “spam bot” accounts that are useless to advertisers. But most legal experts believe he faces an uphill battle in convincing Chancellor Kathaleen St. Jude McCormick, the court's head judge who is presiding over the case, that something changed since the April merger agreement that justifies terminating the deal.The trial begins Oct. 17 and whichever side loses can appeal to the Delaware Supreme Court, which is expected to act swiftly. Musk and Twitter could also settle the case before, during or after the trial, lawyers said.Delaware's courts are well-respected in the business world and any move to flout them would be “shocking and unexpected,” said Paul Regan, associate professor of Widener University's Delaware Law School who has practiced in Delaware courts since the 1980s. “If there was some kind of crisis like that, I think the reputational harm would be all on Musk, not the court.”——AP reporter Randall Chase in Dover, Delaware, contributed to this report. [ad_2] Source link

Roc-A-Fella Records Inc., which used to be JayZ's label, has settled a lawsuit that said label co-founder Damon Dash planned to sell his share of JayZ's landmark debut album in the form of a non-fungible token. The lawsuit was filed Monday in Manhattan federal court. Last year, U.S. District Judge John Cronan decided that Roc-A-Fella was likely to win in court, so he put a stop to the sale. The label wanted Dash to say that he didn't own any rights to the 1996 album "Reasonable Doubt" and they said that selling the album would go against his duty as a co-owner. The case was one of the first ones involving NFTs and copyrights. The lawyers for both sides refused to say anything about the deal. The case is thrown out by the agreement, but the claims can still be made again in the future. Dash, Jay-Z, and Kareem Burke all had equal shares in Roc-A-Fella when it was started in 1995. Monday, Roc-A-Fella and Dash agreed that "Reasonable Doubt" belongs to the label and that no shareholder has any rights to it. Dash told the court last year that he had not made an NFT or tried to sell the rights to the album. He said that the lawsuit was part of a plan to keep him from selling his share of Roc-A-Fella so that Jay-Z could buy it for "an amount far below its potential market value." The settlement makes it clear that Roc-A-Fella shareholders can sell their shares of the label, according to a court filing from Monday. https://nftdawn.io/jay-z-settles-lawsuit-of-reasonable-doubt-nft/?feed_id=409&_unique_id=62a83fd672000

Tesco profit jumps as revenue rises faster than forecast Tesco PLC mentioned Wednesday that fisca... Read the rest on our site with the url below https://worldwidetweets.com/tesco-profit-jumps-as-revenue-rises-faster-than-forecast/?feed_id=157831&_unique_id=6256cac62604c #acquisitions #AcquisitionsMergersShareholdings #article_normal #CampEIndustryNewsFilter #ContentTypes #corporate #CorporateActions #CorporateIndustrialNews #Earnings #EarningsProjections #FactivaFilters #FinancialPerformance #FoodRetailing #grocerystores #industrialnews #mergers #OwnershipChanges #Retail #RetailWholesale #shareholdings #SpecialtyRetailing #supermarkets #SupermarketsGroceryStores #TescoPLC #UKTSCO #wholesale

The heavily-sanctioned country is scrambling to find ways to increase its revenue and has floated the possibility of allowing China and Turkey to pay for energy in Bitcoin. The Russian Federation's energy chief Pavel Zavalny has floated the possibility of accepting Bitcoin as payment for its oil and gas from “friendly countries” such as China and Turkey.He said those countries could begin paying for energy in Russian Rubles, Chinese Yuan, Turkish Lira — or even Bitcoin (BTC) — rather than the international standard US dollar. According to Russian news media RBC, Chairman of the State Duma Committee on Energy Zavalny stated at a Mar. 24 press conference that he and representatives from China and Turkey have been discussing changes to preferred settlement currencies for its biggest export. “We have been proposing to China for a long time to switch to settlements in national currencies of rubles and yuan. With Turkey, it will be lira and rubles. The set of currencies can be different, and this is normal practice. If there are Bitcoins, we will trade Bitcoins.”He further stated that “unfriendly countries” could pay for their oil in Rubles or gold. However, it is not clear whether Russia can change the terms of existing contracts with countries that pay in Euros or USD. Explosive.Russia is now demanding that Europe pay for gas in rubles.Europe gets 40% of its gas from Russia. That’s 200-800 million euros per day.Putin is basically saying: you want to play sanctions? Either pay up in rubles or freeze.— Richard Medhurst (@richimedhurst) March 23, 2022 Russia has been exploring ways it can circumvent international economic sanctions levied against it for invading Ukraine. Russian banks have been removed from the SWIFT system to prevent them from settling cross-border payments, and most businesses have been prohibited from dealing with Russia, excepting for the oil and gas trade.Energy is the single most important commodity that Russia exports — and is a key energy source in Europe and other countries they are finding difficult to replace. According to Reuters, the oil and gas trade provided $119 billion in revenue for Russia in 2021. Including electricity, kerosene, coal, and natural gas, the energy trade accounted for 53.8% of Russia’s total $388.4 billion in 2021 exports according to Russia Briefing.The crypto market appears to have reacted positively to the news of an expanded international use case for BTC. Bitcoin is up 2.5% over the past day and is now approaching 30-day highs trading at $43,917 according to CoinGecko.Related: Terra’s Bitcoin purchase and BlackRock comments back ETH’s surge to $3.1KThe CEO Larry Fink of Blackrock, the world’s largest asset manager, may be watching his prediction of a new digital payment system come to fruition before his eyes. Fink wrote in a Mar. 24 letter to shareholders that global political instability could pave the way for nations to adopt digital currencies as international settlement tools. Go to Source

Monjasa Expects 200,000mts Volume Increase From New Supply Location In Djibouti

Monjasa expects a 200,000mts volume increase from its new supply location Djibouti. The objective is to challenge status quo and provide a valid alternative to the traditional Suez and Jeddah bunker markets.

Image Credit: monjasa.com

Strategically located at the mouth of the Red Sea, Djibouti is fast developing into an attractive bunker destination on the busy Suez waterway. Improved maritime infrastructure and heavy investments in port developments are expected to further advance trade going in and out of Northeast Africa in the future.

IMPROVED SECURITY SITUATION BRINGS NEW OPPORTUNITIES

It has always been part of Monjasa’s business model to build niche markets and offer ship owners and operators valid alternatives to taking bunkers in the world’s traditional hubs.

“As the security situation in the Gulf of Aden is improving, new opportunities arise for both service companies and global shippers operating in the area. Having joined forces with a local partner, we are determined to demonstrate Djibouti as a competitive and high-quality refuelling option on this important sea route,” says Group COO, Svend Mølholt.

As part of the setup, Monjasa imports the products with Handysize tankers, which also serves as floating storage for the operation. Currently the 40,000 DWT tanker ‘Karen Maersk’.

The bunker operation in Djibouti is fully operational and offers all fuel grades according to ISO 8217:2010 specifications.

The bunker operation in Djibouti is fully operational and offers all fuel grades according to ISO 8217:2010 specifications. In total, Monjasa foresees a 200,000mts volume increase during 2019.

UBAF as new regional banking partner

As part of the Northeast African operations, Monjasa welcomes trade finance bank, UBAF, as new regional banking partner.

“With Crédit Agricole as its main shareholder, UBAF holds a high global credit rating. Coupled with its 45 years of experience financing businesses in the Middle East and Africa region, we see a lot of synergies in this new partnership,” says Rasmus Knudsen, Group Director, Legal and Treasury.

On 5 November 2018, Monjasa presented JP Morgan as new banking partner in the US.

Reference: monjasa.com

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Monjasa Expects 200,000mts Volume Increase From New Supply Location In Djibouti

Monjasa expects a 200,000mts volume increase from its new supply location Djibouti. The objective is to challenge the status quo and provide a valid alternative to the traditional Suez and Jeddah bunker markets.

Strategically located at the mouth of the Red Sea, Djibouti is fast developing into an attractive bunker destination on the busy Suez waterway. Improved maritime infrastructure and heavy investments in port developments are expected to further advance trade going in and out of Northeast Africa in the future.

IMPROVED SECURITY SITUATION BRINGS NEW OPPORTUNITIES It has always been part of Monjasa’s business model to build niche markets and offer ship owners and operators valid alternatives to taking bunkers in the world’s traditional hubs.

“As the security situation in the Gulf of Aden is improving, new opportunities arise for both service companies and global shippers operating in the area. Having joined forces with a local partner, we are determined to demonstrate Djibouti as a competitive and high-quality refueling option on this important sea route,” says Group COO, Svend Mølholt.

As part of the setup, Monjasa imports the products with Handysize tankers, which also serves as floating storage for the operation. Currently the 40,000 DWT tanker ‘Karen Maersk’.

The bunker operation in Djibouti is fully operational and offers all fuel grades according to ISO 8217:2010 specifications.

The bunker operation in Djibouti is fully operational and offers all fuel grades according to ISO 8217:2010 specifications. In total, Monjasa foresees a 200,000mts volume increase during 2019.

UBAF as a new regional banking partner

As part of the Northeast African operations, Monjasa welcomes trade finance bank, UBAF, as new regional banking partner.

“With Crédit Agricole as its main shareholder, UBAF holds a high global credit rating. Coupled with its 45 years of experience financing businesses in the Middle East and Africa region, we see a lot of synergies in this new partnership,” says Rasmus Knudsen, Group Director, Legal and Treasury.

On 5 November 2018, Monjasa presented JP Morgan as new banking partner in the US.

Press Releases: monjasa.com

Photo Courtesy: monjasa.com

The post Monjasa Expects 200,000mts Volume Increase From New Supply Location In Djibouti appeared first on Maritime Manual.

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