Deutsche Bank Taps Macquarie Strategist for Emerging-Market Team
Rovai started at the German bank this week, said the person, asking not to be identified discussing personnel information. He'll be a desk analyst covering Latin America from New York, the person added.
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Yahoo
16 minutes ago
- Yahoo
German drinks group Munsterland J Lülf sold to Irish investors
Irish investment company Kerga has acquired Münsterland J Lülf, a German RTD specialist, for an undisclosed sum. Münsterland J Lülf produces non-carbonated drinks for brands such as Jimmy's Iced Coffee, part of the Carlsberg stable. It also markets dairy drinks under the Münsterland brand. Kerga, jointly owned by Irish investment funds BiaVest and Development Capital, was set up to acquire and develop 'nourishing convenience companies' in the food and beverage sector. In its statement, Kerga said Münsterland J Lül offers 'significant growth potential' and 'complements' its portfolio company Nomadic Foods, the Irish dairy group. The deal 'strengthens its overall manufacturing and market access infrastructure', including Nomadic's range of convenient snacking products, Kerga said. Alan Cunningham, Kerga's CEO, said the deal is a 'major step forward in executing Kerga's European growth strategy'. He added: "We have a clear roadmap for further acquisitions and are focused on building a portfolio of premium brands and manufacturing assets in high-growth categories." Münsterland's products include iced coffees and protein drinks, available in over 20 countries. Hilliard Lombard, Kerga chairperson and BiaVest co-founder, said Münsterland aligns 'perfectly' with the investment fund's criteria of businesses with 'proven revenues' of over €20m ($23.5m). Münsterland managing director Manfred Fleige added: 'Kerga brings strategic vision, experience and a long-term focus to help take the business to the next level. Together, we can unlock new opportunities, deepen and expand our co-manufacturing partnerships, and advance new production capabilities.' According to Kerga, Münsterland and Nomadic are projected to achieve sales exceeding 100 million units across more than 20 European nations. Kerga's portfolio also includes Offbeat Donuts. In 2023, BiaVest also acquired German pasta manufacturer Riesa Nudeln. "German drinks group Munsterland J Lülf sold to Irish investors" was originally created and published by Just Drinks, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
2 hours ago
Ukraine looks to jointly produce weapons with allies, while US halts some shipments
KYIV, Ukraine -- Ukraine is forging ahead with embryonic plans for joint weapons production with some of its international allies, top officials said, while the U.S. announced it was halting some arms shipments promised to help Ukraine fight off Russia. Those plans come at what appears to be a key point in the all-out war launched by Moscow nearly 3½ years ago. A renewed Russian push to capture more Ukrainian land has put Ukraine's short-handed defenses under severe strain, and Russian missiles and drones are battering Ukrainian cities. U.S.-led diplomatic efforts to find a peace settlement, meanwhile, have stalled. As Washington has distanced itself under U.S. President Donald Trump from Ukraine's war efforts, a bigger onus has fallen on European countries to pressure Russia. French President Emmanuel Macron and Russian President Vladimir Putin on Tuesday held their first direct telephone call in almost three years. Macron's office said that during their two-hour conversation, the French leader underlined France's 'unwavering support for Ukraine's sovereignty and territorial integrity' and called for a ceasefire. Ukraine President Volodymyr Zelenskyy said that officials are preparing with a sense of urgency for upcoming meetings with European Union countries and other partners to talk about cooperation in weapons manufacturing. 'One of the key topics will be weapons production – our joint investments, joint projects,' Zelenskyy said in his daily address on Tuesday evening. Defense Minister Rustem Umerov announced that draft legislation on joint weapons production with international allies is expected to be put to a vote in the Ukrainian parliament later this month. The proposed laws were shown to national defense companies on Tuesday, Umerov said. The program includes plans to create a special legal and tax framework to help Ukrainian defense manufacturers scale up and modernize production, including building new facilities at home and abroad, according to Umerov. Earlier this week, German Foreign Minister Johann Wadephul said during a visit to Kyiv that Germany aims to help Ukraine manufacture more weapons more quickly. He was accompanied on the trip by German defense industry representatives. The U.S. is halting some weapons deliveries to Ukraine out of concern that its own stockpiles have declined too far, officials said Tuesday. Certain munitions were longer-term commitments promised to Ukraine under the Biden administration, though the Defense Department didn't provide details on what specific weapons were being held back. Ukraine's Foreign Ministry summoned the U.S. chargé d'affaires, John Hinkel, on Wednesday to discuss ongoing defense cooperation. Deputy Foreign Minister Maryana Betsa thanked the U.S. for its continued support, but emphasized the 'critical importance' of maintaining previously allocated defense packages, especially for bolstering Ukraine's air defense. Kremlin spokesman Dmitry Peskov said that the Pentagon's decision will help bring a settlement closer, because "the fewer weapons supplied to Ukraine, the closer the end of the (war) is.' The United States has been Ukraine's biggest military backer since Russia launched its full-scale invasion of its neighbor on Feb. 24, 2022. Under Trump, there have been no new announcements of U.S. military or weapons aid to Ukraine. Between March and April, the United States allocated no new aid to Ukraine, according to Germany's Kiel Institute, which tracks such support. For the first time since June 2022, European countries surpassed the U.S. in total military aid, totaling 72 billion euros ($85 billion) compared with 65 billion euros ($77 billion) from the U.S., the institute said last month. Washington's latest decision could remove some of the most formidable weapons in Ukraine's battlefield arsenal. Analysts say Ukraine's European allies can fill some of the gaps and provide artillery systems. But they don't possess alternatives to the U.S.-made HIMARS missiles and air defense systems, especially Patriots, which are crucial to help defend Ukrainian cities from Russian air attacks.
The Hill
3 hours ago
- The Hill
Ukraine looks to jointly produce weapons with allies, while US halts some shipments
KYIV, Ukraine (AP) — Ukraine is forging ahead with embryonic plans for joint weapons production with some of its international allies, top officials said, while the U.S. announced it was halting some arms shipments promised to help Ukraine fight off Russia. Those plans come at what appears to be a key point in the all-out war launched by Moscow nearly 3½ years ago. A renewed Russian push to capture more Ukrainian land has put Ukraine's short-handed defenses under severe strain, and Russian missiles and drones are battering Ukrainian cities. U.S.-led diplomatic efforts to find a peace settlement, meanwhile, have stalled. As Washington has distanced itself under U.S. President Donald Trump from Ukraine's war efforts, a bigger onus has fallen on European countries to pressure Russia. French President Emmanuel Macron and Russian President Vladimir Putin on Tuesday held their first direct telephone call in almost three years. Macron's office said that during their two-hour conversation, the French leader underlined France's 'unwavering support for Ukraine's sovereignty and territorial integrity' and called for a ceasefire. Ukraine President Volodymyr Zelenskyy said that officials are preparing with a sense of urgency for upcoming meetings with European Union countries and other partners to talk about cooperation in weapons manufacturing. 'One of the key topics will be weapons production – our joint investments, joint projects,' Zelenskyy said in his daily address on Tuesday evening. Defense Minister Rustem Umerov announced that draft legislation on joint weapons production with international allies is expected to be put to a vote in the Ukrainian parliament later this month. The proposed laws were shown to national defense companies on Tuesday, Umerov said. The program includes plans to create a special legal and tax framework to help Ukrainian defense manufacturers scale up and modernize production, including building new facilities at home and abroad, according to Umerov. Earlier this week, German Foreign Minister Johann Wadephul said during a visit to Kyiv that Germany aims to help Ukraine manufacture more weapons more quickly. He was accompanied on the trip by German defense industry representatives. The U.S. is halting some weapons deliveries to Ukraine out of concern that its own stockpiles have declined too far, officials said Tuesday. Certain munitions were longer-term commitments promised to Ukraine under the Biden administration, though the Defense Department didn't provide details on what specific weapons were being held back. Ukraine's Foreign Ministry summoned the U.S. chargé d'affaires, John Hinkel, on Wednesday to discuss ongoing defense cooperation. Deputy Foreign Minister Maryana Betsa thanked the U.S. for its continued support, but emphasized the 'critical importance' of maintaining previously allocated defense packages, especially for bolstering Ukraine's air defense. Kremlin spokesman Dmitry Peskov said that the Pentagon's decision will help bring a settlement closer, because 'the fewer weapons supplied to Ukraine, the closer the end of the (war) is.' The United States has been Ukraine's biggest military backer since Russia launched its full-scale invasion of its neighbor on Feb. 24, 2022. Under Trump, there have been no new announcements of U.S. military or weapons aid to Ukraine. Between March and April, the United States allocated no new aid to Ukraine, according to Germany's Kiel Institute, which tracks such support. For the first time since June 2022, European countries surpassed the U.S. in total military aid, totaling 72 billion euros ($85 billion) compared with 65 billion euros ($77 billion) from the U.S., the institute said last month. Washington's latest decision could remove some of the most formidable weapons in Ukraine's battlefield arsenal. Analysts say Ukraine's European allies can fill some of the gaps and provide artillery systems. But they don't possess alternatives to the U.S.-made HIMARS missiles and air defense systems, especially Patriots, which are crucial to help defend Ukrainian cities from Russian air attacks. It's not clear how much weaponry Ukraine possesses or what its most urgent needs are. ___ Follow AP's coverage of the war in Ukraine at
