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Netherlands

Dutch company Grandvision BV raises $1.2 billion in second IPO

AMSTERDAM: GrandVision BV, the Dutch company that operates 33 chains of optician stores around the world, raised 1.02 billion euros ($1.17 billion) in the second initial public offering this week on Amsterdam’s stock exchange. Majority owner HAL Holding NV sold 51 million shares at 20 euros apiece — about 20 percent of the total, prior to the exercise of an ... Read More »

Ghana Netherlands Business Chamber of Commerce launched

AMSTERDAM: The Ghana Netherlands Business and Culture Council, a merger between The Ghana Netherlands Chamber of Commerce and Culture (GHANECC) and the Netherlands African Business Council (NABC), has been launched. The Ghana Netherlands Chamber of Commerce and Culture was the agency that facilitated and supported business cooperation between Ghana and the Netherlands since its inception in 2002, fostering trade, INVESTMENT  ... Read More »

Netherlands customs seizes 1.3 tonnes of cannabis worth £8m at North Shields ferry terminal

AMSTERDAM: Netherlands customs seized cannabis worth at the North Shields ferry terminal. Border Force officers found 1.3 tonnes of cannabis resin concealed in a lorry arriving from the Netherlands. After intercepting the lorry, which had arrived on a sailing from Ijmuiden carrying crates of bark, Border Force officers boarded the vehicle and carried out a search. Several hundred packages of cannabis ... Read More »

Netherlands NIVO Import & Export BV imports 45% food products from Indonesia

AMSTERDAM: Food product exports from Indonesia to the Netherlands have increased manifold, according to Wim Jansen, Commercial Manager at NIVO Import & Export BV, Netherlands-based importer and exporter of Asian food products. About 45 percent of the company’s imports constitute food products from Indonesia, reaching a value of 3.5 million euro per year. Some popular Indonesian food products that are ... Read More »

Shell closes Pernis refinery near Rotterdam for maintenance

AMSTERDAM: Shell has begun planned maintenance of the Pernis refinery located near Rotterdam in the Netherlands. Reuters cited Shell as saying that the company will close large parts of the refinery complex until early May for maintenance. The program requires one million man-hours of work by Shell employees and contractors, including an extra 2,000 staff. According to a source, the ... Read More »

GHANECC transitioned into Ghana Netherlands Business & Culture Council

AMSTERDAM: The Ghana Netherlands Chamber of Commerce & Culture (GHANECC) has been transitioned into Ghana Netherlands Business & Culture Council (GNBCC). GNBCC which was officially launched in Accra was as a result of a strong collaboration between the former GHANECC and the Netherlands African Business Council (NABC). Addressing dignitaries from the Ghanaian and Dutch business communities, acting Ambassador of the ... Read More »

100,000 people logged on to Dutch tax office website to file 2014 tax returns

AMSTERDAM: Over 100,000 people logged on to the tax office website to file their 2014 tax returns. The ‘mass interest’ in the site led to tens of thousands of people being told to try again later, the tax office said. This year everyone in the Netherlands – some 6.5 million people – are required to complete their tax return online ... Read More »

Generic drugmaker Mylan moves office to Netherlands after acquisition of Abbott Laboratories for $5.3b

AMSTERDAM: Generic drugmaker Mylan NV officially moved its corporate address to the Netherlands when it completed its acquisition of an overseas business unit from Abbott Laboratories for $5.3 billion in stock. The controversial move permits Mylan to cut down its U.S. tax bill and gives a financial increase to its approach of developing by way of acquisitions. Mylan officials, who ... Read More »

India’s Infosys signs 5-year agreement with global express delivery company TNT

AMSTERDAM: India’s second largest software services firm Infosys has signed a five-year agreement with global express delivery company TNT to help it simplify and transform technology applications. As part of its turnaround and transformation strategy called ‘Outlook’, TNT is overhauling its IT capability to reduce complexity and cost and increase flexibility. Infosys has been selected as the strategic technology partner ... Read More »

Dutch chipmaker NXP agrees to buy Freescale Semiconductor for $40b

AMSTERDAM: Dutch chip maker NXP Semiconductors NV has agreed to buy smaller peer Freescale Semiconductor Ltd. and merge operations in a deal valuing at over $40 billion. The deal, announced by the pair late on Sunday and first reported by Reuters, will make the business within the auto and industrial semiconductor markets. The transaction is the clearest sign yet that ... Read More »

W.P. Carey buys Borghese Logistics in port of Rotterdam for $43 million

AMSTERDAM: W. P. Carey has acquired a logistics facility in the Port of Rotterdam, Netherlands, for approximately $43m. Borghese Logistics, the developer for the facility, had completed its construction in October 2014.It is leased to the European subsidiary of Japanese freight forwarder Nippon Express. The facility, which has 760,00ft2 of space, has been constructed to high logistics specifications and targetting ... Read More »

Netherlands shops to be banned from giving away free plastic bags in 2016

AMSTERDAM: Dutch shops will be banned from giving away free plastic bags from January 1 next year, junior environment minister Wilma Mansveld has told parliament. The ban is part of a wider effort to reduce the use of plastic bags, the minister said in a briefing. Research has shown 77% of consumers would accept paying for a bag or using ... Read More »

Netherlands hands out 46m free carbon allowances to industry: Dutch Emissions Authority

AMSTERDAM: The Netherlands has begun distributing this year’s quota of free carbon permits to industry, the Dutch Emissions Authority (NEA) said. The allocation of EU Allowances (EUAs), will add supply to a market already awash with permits and could put more pressure on carbon prices, which are now below 7.50 euros a ton. A total of 46 million permits will ... Read More »

Agri-Pro Focus Zambia, Netherlands partner to boost poultry sector

AMSTERDAM: Agri-Pro Focus Zambia is working with the Poultry Association of Zambia (PAZ) and the Dutch government to create a platform that will enhance business linkages and investment in the poultry sector between Zambia and the Netherlands. APF country coordinator, Claire Van Der Kleiji, said the two countries are still in talks on how to establish potential investors by hosting ... Read More »

Netherlands chip manufacturer NXP eyes China business opportunities

AMSTERDAM: The chief executive of Netherlands-based technology chip manufacturer NXP Semiconductors said that China remains an “extremely important” area of business, echoing a sentiment that has risen to the surface in the early weeks of 2015. While Beijing has taken a beating from forces claiming that a devious government is withdrawing its previously extended hand now that it has what ... Read More »

Indonesian Customs, BNN foil attempt to smuggling meth from Netherlands

JAKARTA: The Indonesian Directorate General of Customs and the National Narcotics Agency (BNN) foiled an attempt to smuggle meth from the Netherlands, which also involved a Canadian woman residing in Jakarta. A joint team of the Directorate General of Customs in Jakarta, Pasar Baru Post Office, Jakarta, and the BNN has uncovered a plot to smuggle 100 meth pills in ... Read More »

Dutch investors keen to invest in Bangladesh’s IT, logistics, business consultancy sectors

AMSTERDAM: Dutch investors are keen on investing more in Bangladesh and eager to further extend their partnership with the country, said a foreign ministry press release. More than 50 Dutch investors in information technology, logistics, waste management, water management and business consultancy, at a seminar in The Hague, expressed enthusiasm for more investment. The Bangladesh embassy in The Hague in ... Read More »

Dutch GrandVision company raises $1.2 billion in IPO on Amsterdam’s stock exchange

AMSTERDAM: GrandVision BV, the Dutch company that operates 33 chains of optician stores around the world, raised 1.02 billion euros ($1.17 billion) in the second initial public offering this week on Amsterdam’s stock exchange. Majority owner HAL Holding NV sold 51 million shares at 20 euros apiece — about 20 percent of the total, prior to the exercise of an ... Read More »

Royal Dutch Shell PLC plans to cut $15 billion in costs in 3 years

AMSTERDAM: The Netherlands-based Royal Dutch Shell PLC plans to cut $15 billion in costs over the next three years. The company plans to drive down costs in its supply chain to reach its cost-cutting goal, according to a company statement. Our strategy is delivering, but we’re not complacent. Weaker oil prices underline that there’s a lot more to do. The ... Read More »

Xiamen Customs seizes crocodile specimen on Gaoqi Airport on flight KL883 from Amsterdam

AMSTERDAM: Xiamen Customs at Xiamen Gaoqi Airport seized a crocodile specimen from a passenger’s luggage. It is the first time that Gaoqi Airport Customs has seized a crocodile specimen from a passenger. At 11:30 that day, a Chinese-Bolivian passenger arrived at Xiamen Gaoqi Airport on flight KL883 from Amsterdam. Officials from the Gaoqi Branch of the Xiamen Entry-Exit Inspection and ... Read More »