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Business-related subjects from the media, gathered by Dow Jones Newswires.

ALIANZ– After the scandal surrounding the investment firm Allianz Global Investors, Allianz is rearranging its compliance structure. “We have actually chosen to streamline and customize the structure of our company. In this context, we are joining the so-called security functions– locations of threat, legal and compliance– with our financing groups and the Chief Financial Officer, Mr. Terzariol,” stated Allianz- Director Executive Oliver B├Ąte the Handelsblatt. “In this method we wish to concentrate on appropriate abilities and therefore additional enhance the effect of these works.” (Handelsblatt)

LEAG– Energy business Leag wishes to construct a one-gigawatt solar park on its previous open-pit mine. This would presently put the task amongst the 10 biggest solar parks on the planet. And Giga Park, the coal business from Cottbus wishes to reveal its modification of method. “We are making a 180- degree turn and wish to construct renewable resource rather of lignite and produce green hydrogen,” stated Leag manager Torsten Kramer in an interview with Handelsblatt. “By 2030 we wish to produce 7 gigawatts of wind and solar power in Germany,” states the supervisor. That’s as much as Leag presently runs in lignite capability. (Handelsblatt)

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UNIPER– After completion of the gas additional charge, Uniper desires instant direct support from the federal government. “In order for gas supply to continue to be offered, the expenses of acquiring alternative gas needs to be paid. The federal government has actually made sure that gas importers will now get direct and unique assistance for this function,” stated Uniper. speaker. He highlighted: “This is a requirement for gas importers so that they can continue to play their essential function in the system.” According to previous reports, Uniper is losing more than 100 million euros every day and had actually asked for billions in help from the gas tax to be able to cover the high replacement expenses. (Rheinische Post)

VTB EUROPE BANK– The management of VTB Bank Europe (VTBE) with head office in Frankfurt is continuing with the conclusion of the organization’s treatments. The bank, which is secured by Bafin from the Russian moms and dad business, has actually gotten a service license from the United States sanctions company that acknowledges this guard so that the bank’s service partners do not breach the United States sanctions troubled Russia. The Board of Directors now hopes that the organization will be closed rapidly and in a way that will protect its worth. (Stock Exchange Gazette)

PORSCHE– For the Austrian-German household group Porsche-Piech, the go back to the stock exchange of Porsche AG resulted in a restructuring of the property and ownership structure in the extensively dispersed Volkswagen empire. Porsche Automobil Holding SE plays an essential function in this. In the future, the financial investment vehicle managed by the entrepreneurial household will have 25 percent plus one share of ballot rights in Porsche AG, in addition to its previous 53.3 percent of normal ballot shares in the Wolfsburg multi-brand group (319 percent of the share capital). (Stock Exchange Gazette)

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RADEBERGER– The Radeberger Group will close its Binding beer website in Frankfurt by October2023 Like Henninger, the brand name will be kept and brewed somewhere else in the future. The factor is the big capability in the market– the location is presently utilized for one 3rd– and the current boost. 150 employees have actually lost their tasks. The head office of the Radeberg business with 380 tasks is to stay in Frankfurt. (FAZ)

— All details without guarantee.

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( END) Dow Jones Newswires

30 September 2022 01: 18 ET (05: 18 GMT)

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