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For Russia’s biggest bank by assets, the sale of Sberbank’s largest asset outside Russia is part of a shift back to its home market. It bought Denizbank in 2012 for about $3.5 billion when it wanted to establish a presence abroad. For Emirates NBD, the revised deal represents a discount of roughly 20 percent, a spokesman for the bank told Reuters, without providing further details. Sberbank said it expected to receive $5 billion from the sale of Denizbank, including capital and debt.

Emirates NBD shares were up 6 percent at 1000 GMT after hitting their highest level since 2008 earlier in the session, while Sberbank was up 1.5 percent and Denizbank save the environment cufflinks gold rose 3 percent, The sale price is based on Denizbank’s capital plus 5 percent, according to international financial reporting standards, Sberbank said, The bank added that it expected the deal to be closed by the end of the second quarter of 2019, “The negotiations are completed between the parties and the process of regulatory approvals are still going on, I do not know how long it would take but I hope it will finalize as soon as possible,” Denizbank’s chief executive Hakan Ates told reporters in Istanbul..

(Reuters) - Shares in Superdry Plc fell more than 11 percent on Wednesday after founder Julian Dunkerton narrowly forced his way back into the company, which sparked the exit of most of its board members, including top executives. Dunkerton, the former boss of Superdry, on Tuesday was voted back on the board by a slim margin and hours later was named interim chief executive officer after winning the backing of shareholders looking for a revival of the fashion group’s fortunes. The move did not sit well with most of Superdry’s board, which had opposed his comeback. Chief Executive Officer Euan Sutherland, who has been at the helm for five years, resigned immediately.

Dunkerton, who owns 18.4 percent of the equity, quit a year ago after a row over strategy, He takes issue in particular with Superdry’s product design and internet plans, Analysts said the resignations raised fears of more departures as the company deals with a share price that has dropped 64 percent over the past year following several profit warnings, the latest in December, “We would be more concerned if we see further significant departures from the retail board and operational management teams and view the recruitment of a heavyweight CFO as a priority,” Peel Hunt analysts save the environment cufflinks gold said..

For a graphic on Superdry founder to return after profit warnings hit shares, see - tmsnrt.rs/2HWhCeJ. Analysts also said short-term disruptions were inevitable as Dunkerton steadies the ship and starts to enact his recovery plans, which will tack on costs as the company tries to jump-start revenue. Dunkerton and co-founder James Holder run a “Save Superdry” website, which highlights that Superdry lost about 865 million pounds of its value after Dunkerton left the board. Investec analysts downgraded their recommendation on the stock to “hold” from “buy”, adding that the resignation of all but one board member left the group in a “management and strategic vacuum”.

Superdry’s board had accused Dunkerton of a lack of transparency save the environment cufflinks gold with shareholders and said his return would see directors either resign or not seek re-election, “The resignation of the entire board of Superdry and its two brokers following co-founder Julian Dunkerton’s narrow victory vote yesterday to return as CEO, monumental as it may be, is really only the tip of the iceberg where necessary change is concerned,” Edison Investment analyst Kate Heseltine, said, Analysts said Superdry will need to provide a clear view of the future to investors..

(Reuters) - Three major automakers said on Wednesday they were forming a consortium to help draw up safety standards for self-driving cars that could eventually help create regulations in the United States. General Motors Co, Ford Motor Co and Toyota Motor Corp said in a statement they were joining forces with automotive engineering group SAE International to establish autonomous vehicle “safety guiding principles to help inform standards development.”. The group will also “work to safely advance testing, pre-competitive development and deployment,” they added.

Regulators in the United States have been grappling with how to regulate self-driving cars, with other countries watching closely to see how implementation of the emerging technology pans out, Last year, U.S, lawmakers, unable to agree on a way forward, abandoned a bid to pass sweeping legislation to speed the introduction of vehicles without steering wheels and human controls onto roads, but may resurrect the effort later this year, The new group, dubbed the Automated Vehicle Safety Consortium, will begin by deciding priorities, with save the environment cufflinks gold a focus on data sharing, vehicle interaction with other road users and safe testing guidelines..

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